WELLINGTON DISTRICT SAVINGS BANK—continued
Current assets—
$ $
Cash on hand and at bank 346,327
Fixed deposits 570,000
Interest accrued on investments 146,947
Owing by other trustee banks 23,351
Prepayments 2,990
Remittances in transit
Sundry debtors 9,032

Total current assets ... 1,098,647
Investments—
$
New Zealand Government stock 8,712,509
Local authority securities 782,507
Mortgages 7,405,351

Total ordinary investments ... 16,900,367
National savings securities—
New Zealand Government stock
Cash on hand at bank

Total national savings securities ...
Depreciation
Cost ciation Book
Price to Date Value
$ $ $
Land and buildings 240,396 5,299 235,097
Vehicles, equipment 7,791 779 7,012
Furniture, etc. 106,811 40,830 65,981

Total fixed assets ... 308,090
Intangible assets—
Leases ... 1,162
Establishment account ... 123,414

$18,431,680
PHILIP PROCTOR, K.B.E., President.
J. W. BROWN, General Manager.

AUDITORS’ CERTIFICATE
We report that we have audited the books and accounts of the
Wellington District Savings Bank for the year ended 31 March
1973 and have received all the information and explanations we
have required.
In our opinion, the accompanying balance sheet and statement
of profit and loss present fairly the financial position of the bank
at 31 March 1973 and the results of its operations for the year then
ended, in conformity with generally accepted accounting principles
applied on a basis consistent with that of the preceding year.
HUTCHISON, HULL, AND CO., Chartered Accountants.
Wellington, New Zealand, 11 May 1973.

WESTLAND SAVINGS BANK
BALANCE SHEET AS AT 31 MARCH 1973.
1972 1973
$ $ $
4,086,448 Depositors’ accounts—
142,825 Ordinary accounts 4,969,214
24,229,273 Special accounts .. 185,553
2,057,185 Investment accounts 2,350,696
6,286,458 Other liabilities—
52,977 Interest accrued on investment accounts .. 62,705
3,098 Owing to other trustee
savings banks .. 4,076
172 Sundry creditors .. 468
6,000 Provision for donations ..
21,056 Current .. 23,620
21,817 Deferred .. 23,573
Reserve fund—
Balance 1 April 1972 .. 292,025
Transferred from appropriation 22,157

$6,683,602 $7,941,087

1972
$ $ $ $
204,639 Cash on hand and at banks 214,328
374,300 Interest bearing deposits .. 460,100
43,633 Interest accrued on investments .. 47,146
6,641 Owing by other trustee
savings banks .. 7,057
147 Sundry debtors .. 48

Total current assets—
3,404,389 New Zealand Government stock .. 3,810,845
172,584 Local authority securities .. 190,904
2,310,474 Mortgages .. 3,047,544

Total investments Fixed assets—
Depre-
Cost Price ciation
Price to Date
$ $
134,745 Land and buildings 149,180 16,132
32,050 Furniture and
equipment .. 72,478 42,411

$6,683,602

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1973
1972
$ $
106,616 Interest to depositors—
On open accounts 125,324
4,193 On closed accounts 4,996
36,812 On matured investment accounts 42,577
52,977 Accrued on investment accounts 62,705
200,598 Administrative expenses 99,414
81,145 Trustees' honoraria 2,249
1,743 Depreciation 9,213
9,710 Provision for taxation 23,756
22,832 Loss on sale of Government
securities Payroll tax 1,037
787 Net profit 27,082
26,928
$344,216
1972 1973
$ $
176,600 Interest on investments— From New Zealand Government
stock 186,161
9,059 From local authorities 9,601
137,350 From mortgages 170,347
12,997 From other sources .. 24,121

Income from other sources—
Commission 2,928
Rents .. 5,195

$344,216 $398,353

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED
31 MARCH 1973
1972 1973
$ $
6,000 Provision for donations 7,000
20,928 Balance transferred to reserve fund 22,157
$26,928 $29,157

C. G. MOORE, President.
J. J. LESLIE, General Manager.