8 JULY THE NEW ZEALAND GAZETTE 1611

BALANCE SHEET AS AT 31 MARCH 1976

Depositors accounts—
Current accounts .. .. $ 1,208,827
Ordinary accounts .. .. 86,501,586
Investment accounts .. .. 25,560,171

Total liability to depositors 113,270,584

Other liabilities—
Interest accrued on investment accounts 726,168
Mortgages .. .. 22,500
Owing to other trustee banks 1,433
Remittances in transit .. .. 782,602
Staff provident fund .. .. 630,487
Sundry creditors .. .. 223,205

Total other liabilities 2,386,395
Provision for donations 45,000
Provision for taxation 389,870
Premiums due on redemption of Government stock 117,470
Reserve fund 2,266,601

                                    $118,475,920

Current assets—
Cash on hand and at bank .. .. $ 2,316,766
Fixed deposits .. .. 2,300,000
Interest accrued on investments .. .. 1,041,473
Owing by other trustee savings banks 52,474
Prepayments .. .. 8,306
Remittances in transit .. .. 1,323,368
Sundry debtors .. .. 30,876

Total current assets 7,073,263

Investments—
New Zealand Government stock 53,320,228
Local authority securities 6,542,862
Mortgages 48,195,580
Personal loans 566,207

Total ordinary investments 108,624,877

Fixed assets—
Land and buildings Cost Price Depreciation to Date Book Value
2,110,018 81,733 2,028,285
Vehicles, equipment, furniture, etc. 1,296,865 547,370 749,495

Total fixed assets 2,777,780

                                    $118,475,920

JOHN MATHISON, President.
FRANK DICKSON, General Manager.

AUDITORS’ REPORT

We, the undersigned, being the Auditors of the Canterbury Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks’ Act 1948, report that:

We have examined the accompanying balance sheet, profit and loss account and notes and have obtained all the information and explanations we have required. We are of the opinion that proper books of account have been kept by the bank, that the balance sheet, accounts and notes comply with the Trustee Savings Banks’ Act 1948, and that they give a true and fair view of the state of affairs of the bank as at 31 March 1976, and of its results for the year ended on that date.

GILFILLAN & CO.

1423

WESTLAND SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1976

1975 $ 1976 $
Depositors accounts—
Ordinary .. .. 7,342,182
Special .. .. 458,265

7,379,083 7,800,447
3,067,047 3,468,808

10,446,130 11,269,255

F

Other liabilities—
Interest accrued on investment accounts 96,989
Owing to other trustee savings banks 12,590
Sundry creditors 12,381
Cash in transit 98,204

                                    220,164

Provision for donations 9,295

Provision for taxation—
Current .. .. 11,512
Deferred .. .. 8,327

                                    19,839

Reserve fund—
Balance 1 April 1975 393,158
Transferred from Appropriations 24,099

                                    417,257

                                    11,935,810

1975 $ 1976 $
Current assets—
Cash on hand and at banks 318,317
Interest bearing deposits 433,704
Interest accrued on investments 79,220
Owing by other trustee savings banks 8,113
Sundry debtors 101

                                    839,455

Investments—
New Zealand Government stock 5,230,372
Local authority securities 218,551
Mortgages 5,243,945
Personal loans 88,048

                                    10,780,916

Fixed assets—
Land and buildings—
Cost price 273,987
Depreciation to date 21,789

                                    252,198

Furniture and Equipment—
Cost price 147,490
Depreciation to date 84,249

                                    63,241

                                    315,439

                                    11,935,810

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1976

1975 $ 1976 $
Interest to depositors—
On open accounts 200,422
On closed accounts 9,198
On matured investments 82,629
Accrued on investment accounts 96,989

                                    389,238

Administration expenses 231,615
Trustees’ honoraria 4,205
Depreciation 22,003
Provision for taxation 33,099

                                    257,823

Net profit 680,160