Page 11 Advertisements Column 3

Press, Volume XCVI, Issue 28448, 30 November 1957, Page 11

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ESTABLISHED IN THE YEAR 1817 BANK OF NEW SOUTH WALES (INCORPORATED IN NEW SOUTH WALES WITH LIMITED UAMLHT) DIRECTORS Sir LESLIE MORSHEAD, k.c.b., k.b.e., c.m.g., d. 5.0., President JOHN CADWALLADER, Esq. I D. B. LEWINGTON, Esq. I V. C. FAIRFAX, Esq. The Hon. R. C. WILSON, c.m.g., m.l.c. | S. G. ROWE, Esq., d.s.o. | J. W. DUNLOP, Esq. HEAD OFFICE: SYDNEY, NEW SOUTH WALES General Manager —H. C. C. MARSHALL Assistant General Manager R. J. ABERCROMBIE Chief Inspectors D. W. GARLAND, R. R. McKELLAR, A. STEWART-RICHARDSON CHIEF OFFICE IN NEW ZEALAND LAMBTON QUAY, WELLINGTON. Inspector —R. S. BRITTAIN BALANCE SHEET as at 30th September 1957 Authorized Capital— * Coin, Bullion, Notes, and Cash at Bankers £21.168.473 878,000 Ordinary Shares of £2O each £17.560,000 Money at Short Call —London 4.687.500 Reserve Liability of Proprietors 17.560,000 Short-dated Treasury Bills—Australia and London 10.068.750 £35,120,000 / £35.924.723 Special Account with Commonwealth Bank of Australia 13,620.000 Issued Capital— Statutory Deposit with Reserve Bank of New Zealand 9,981,633 878,000 Ordinary Shares fully paid £17.560,000 Government Securities —Australia, New Zealand, Fiji, and London Reserve Fund 12.000,000 at or under market value 45.686,398 Proposed Final Dividend payable November, 1957 395,100 Local and Semi-Government Authorities’ Securities Profit carried forward • 898,254 at or under market value 504.269 Bill Receivable and Remittances in Transit 64,315.642 £30,853,354 Amounts due by Other Banks 8,030,116 Deposits, Accrued Interest. Rebate, Bills Payable, and Other Liabili- ■ ties, including Provision for Income, Land, and other Taxes * £248,062,781 and Contingencies 473,863,289 Loans and Advances to Customers and Local Bills Discounted Deposit Account of Bank of New South Wales Savings Bank Limited 9,953,791 (less Provision for Bad and Doubtful Debts) 251,666,621 Notes in Circulation 80,892 Shares in Bank of New South Wales Savings Bank Limited, Balances due to Other Banks 1,129,131 at cost 1,000,000 Shares in other Companies, at cost 4,060,875 £515,880.457 Accrued Interest, and Sundry Balances less Provision 590,180 Contingent Liabilities— Bank Premises at cost, less amounts written off 10,500,000 Outstanding Credits, Guarantees, etc., as per contra 47,411,346 £515,880,457 Liabilities of Customers and others on Letters of Credit, Guarantees. etc., as per contra 47,411,346 £563,291.803 £563,291,803 H. C. C. MARSHALL. General Manager. C. R. WATSON, Chief Accountant. L. J. MORSHEAD, President. J. CADWALLADER. R. C. WILSON. Directon. Net Profit for Year ended 30th September 1957, £1,698,673 AUDITORS’ REPORT We have examined the annexed Balance Sheet and Statement of Profit together In our opinion and to the best of our information and according to the with Head Office books in which have been incorporated the accounts and returns explanations given to us the annexed Balance Sheet and Statement of Profit give of the respective branches and agencies of the Bank. In our opinion the Bank the information required by the Deed of Settlement and Acta of Parliament has kept proper books of account so far as appears from our examination of those relating to the Bank of New South Wales, and are drawn up so as to exhibit a true books, and has received proper returns adequate for the purposes of our audit from and fair view of the state of the Bank's affairs as at the 30th September 1957. and London office, the accounts of which have been audited by Messrs. Whinney of the profit for the year ended on that date. Smith & Whinney, Chartered Accountants, and from all other branches and F. E. TRIGG, W. H. HIGMAN, agencies in Australia. New Zealand, Fiji, Papua, New Guinea, and Berkeley Chartered Accountants (Xaurrafta) Square. London, none of which was visited by us. 19th November 1957. Auditort BANK OF NEW SOUTH WALES SAVINGS BANK LIMITED (iNCORPOTIArtD IN NEW SOUTH WALES) BALANCE SHEET as at 30th September 1957 Authorized Capital— . Cash at Bankers—--10.000.000 Ordinary Shares of £1 each £10,000,000 Bank of New South Wales £9,953,791 Commonwealth Bank of Australia 5.250,000 Issued Capital— £15,203,791 I, Ordinary Shares fully paid £1,000,000 Short-dated Treasury Bills—Australia 3.000,000 Reserve Fund 100.000 ' - Profit Carried Forward 68,702 £18,203,791 Government Securities—Australia and Fiji £1,168,702 at the lower of cost or redemption value 39,959,507 Deposits, Accrued Interest, Rebate, Bills Payable,’and other Liabili- Local and Semi-Government Authorities’ Securities—Australia ties, including Provision for Income Taxes and Contingencies 72,022,885 at the lower of cost or redemption value 8,952,687 Loans and Advances to Customers (less Provision for Bad and Doubtful Debts) 5,3*6,840 Accrued Interest and Sundry Balances . 688.762 £73,191.587 ’ £73,191,587 H. C. C. MARSHALL, General Manager. C. R. WATSON, Chief Accountant. LJ. MORSHEAD, Chairman. J. CADWALLADER, R. C. WILSON. Directors. Net Profit for the Year ended 30th September 1957, £131,567 • AUDITORS’ REPORT We have examined the books of the Bank of New South Wales Savings Bank We also report that the Register of Members and other records which the Limited for the year ended 30th September 1957, and have obtained all the Bank is required to keep under the New South Wales Companies Act 1936, or by information and explanations we have required. In our opinion the above Balance its Articles, have, in our opinion, been properly kept. Sheet is properlv drawn up so as to exhibit a true and correct view of the state of J. DYNELEY FELL, F. E. TRIGG, the Bank's affairs according to the best of our information and the explanations Chartered Aeentuuants given to us and as shown by the books of the Bank. 19th November 1957. Auditors CONSOLIDATED BALANCE SHEET as at 30th September 1957 Authorized Capital— Coin, Bullion, Notes, and Cash at Bankers £26 418 473 878,000 Ordinary Shares of £2O each £17,560.000 Money at Short Call—London 4*687 500 Reserve Liability of Proprietors 17,560,000 Short-dated Treasury Bills—Australia and London £35,120,000 £44 .74 - Special Account with Commonwealth Bank of Australia 83*620*000 Issued Capita!— Statutory Deposit with Reserve Bank of New Zealand 9*981*633 878.000 Ordinary Shares fully paid £17.560,000 Government Securities—Australia. New Zealand. Fiji, and London 85*645*905 Reserve Funds 12.100,000 Local and Semi-Government Authorities' Securities 9*456*956 Proposed Final Dividend 395,100 Bills Receivable and Remittances in Transit 64*315*642 Profit carried forward .— 966.956 Amounts due by Other Banks 8,*030.*116 £31,022.056 £305 224 975 Deposits, Accrued Interest. Rebate. Bills Payable and Other Liabili- Loans and Advances to Customers and Local Bills Discounted 257*053*461 ties, including Provision for Income, Land, and other Taxes and Shares in other Companies 4*060*875 Contingencies 545,886,174 Accrued Interest and Sundry Balances 2Z 1*278*942 Notes in Circulation ,52'??? Bank Premises 10*500*000 Balances due to Other Banks 1.129,131 £578,118,253 Liabilities of Customers and others on Letters of Credit, Guarantees £57 ®' 118,255 Contingent Liabilities— etc., as per contra 47 411 346 Outstanding Credits, Guarantees, etc., as per contra 47,411.346 £625,529.599 ' 7625329.599 H. C. C. MARSHALL. General Manager. C. R. WATSON. Chief Accountant. L. J. MORSHEAD. CAa/rm<m. J. CADWALLADER. Net Profit for Year ended 30th September 1957, £1,830,240 AUDITORS’ REPORT We have examined the above Consolidated Balance Sheet with the audited accounts and correct view of the state of affairs of the Banks regarded as a rintla of the Bank of New South Wales and its wholly owned subsidiary Company the undertaking. Bank of New South 35 ales Savings Bank Limited and have obtained all the F. E. TRIGG, W. H. HIGMAN. information and explanations we have required. In our opinion, the Consolidated w Chartered Aceounttmts (Australia)