NEW PLYMOUTH SAVINGS BANK

Taranaki Daily News, 17 April 1935, Page 13

NEW PLYMOUTH SAVINGS BANK

Balance Sheet as at 31st March, 1935

We the undersigned, being the auditors of the New Plymouth Savings Bank, appointed jn terms of Section 4 of the Savings. Banks Amendment. Act, 1923, y ' y are satisfied that the foregoing Balance Sheet has been properly drawn up from the Books, Accounts and Vouchers of the Savings Bank, so as to exhibit a true and correct view of the state of the Savings Bank’s affairs at the date thereof, in accordance with the requirements of the Savings Banks Amendment Act, 1923. ' ' (2) That we have verified the. cash, investments, securities and assets of the Savings Bank as at the date of the Balance Sheet. (3) That we have obtained all the information and explanations we have required. $ (4) That the Manager has certified that in his opinion all the requirements of the Savings Bank Act, 1908, and its Amendments, have been complied with, with the exception of Sections 18, 20, and 50 of the Principal Act, which have been observed to the extent that is practicable. . New Plymouth ' ' DUFF & WYNYARD, Public Accountants, €W loth April, 1935. ' ’ Auditors.

H PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31st MARCH, 1935.

PROFIT AND LOSS APPROPRIATION ACCOUNT AT 31st MARCH, 1935.

LIABILITIES. £ s. d. Credit Balances of Depositors 693,089 13 10 Staff Provident Fund .. ■■ • • • • Property and Investment Fluctuation Reserve Account .. .. u v Reserve for Income Tax Profit and Loss Appropriation Account . .« • ■ •« 43jl35 3 3 RICHARD COCK. President G. W. BROWNE, Deputy-President JAMES McLEOD W. C. WESTON I Trustees. R. H. GEORGE C. E. BELLRINGER L. A. NOLAN j / ♦ Manager: G. E. D1NNISS. £743,685. 8 2

£ s. d. To Interest Credited to Depositors’ Accounts 18,744 12 5 „ Management Expenses and Charges 4,163 16 1 „ Expenses Inspecting and Maintaining Securities 375 8 8 „ Depreciation Written Off . .. .. 314 13 6 Net Profit .Transferred ,to Profit and Loss Appropriation Account 4,105 17 7 £27,704 8 3

Kj E*rt,386 18 d. 9 .. 892 1 1 .. 480 0 .. 43,135 3 0 „ Balance Carried Down 3 / 1 £45,894 3 1

ASSETS. Cash and Bank Balances— £ s. d. £ s. d. Cash on Hand , •• 2,921 16 5 Cash at Bank of New Zealand: — Current Account 8,654 7 9 On Fixed Deposit, including Accrued Interest .. 28,164 11 2 Cash on Deposit Post Office Savings Bank .. 2,456 7 4 42,197 2 8 Investments — New Zealand Government Inscribed Stock at cost ) (par value £87,135) 87,824 6 4 Local Body Debentures (at par).. • • • • 28,488 16 5 Interest Accrued thereon ' 1,370 13 0 117,683 15 9 Advances— Loans on First Mortgage of Freehold Property: Principal 557,335 19 2 Rates, Land Tax and Insurance Advanced still owing at 31st March, 1935 . . . . 165 4 6 Interest Unpaid 4,682 4 4 Interest Accrued ... • '.1 2,325 12 8 564,509 0 8 Bank Premises and Land 11,800 0 0 Less Depreciation on Building .. 197 0 0 11,603 0 0 Office Plant and Machinery 877 13 6 Less Depreciation 117 13 6 760 0 0 Properties Taken Over by Bank . 6,852 16 7 Stock of Money-boxes 79 12 6 Accountant: C. LASH. £743,685 8 2

£, s. d. By Interest Received and Accrued on Mortgages and Investments 27,482 \,6 1 „ Net Revenue from Properties Taken Over by Bank .. .. 222 2 2 'I £27,704 8 3

! £ s. d. By Balance at 1st April, 1934 .. 41,788 5 6 „ Net Profit for Year Transferred .. 4,105 17 7 £45,894 3 1 ' By Balance Carried Forward .. .. .. ' 4 .. .. £43,135 3 3