TAXED SAVINGS
; r^-Pt^iouifcj bank
• Tata!-deposits^at New PJymouth Savings. Bank for the year' ended March., 31 were' £368,879, an increase of "£17,475 over those' of 1933. Withdrawals were £329,818, comparea.vrith. £312,999 a year previously. Interest credited to depositors decreased by £2363 to £16,962. Advances were £64,762, and the total of first mortgages, together w#ai; accrued and unpaid interest held now, amounted to £500,000. Total funds or bank, £664,062, an increase of £59,619 :in jx *ear* Tho Profiffor' the year was ££835, an. increase of £582, increasing the balance in profit and loss appropriation acconnt to £41,788. Interest from mortgages and investments realised £25,345, a decrease of £661. Income tax, which was paid for the first time in the bank's his■tory, reqiifced £829, The; balance-sheet ■shows cash at: £43,769, and Government stock at cost £71,985, representing almost twtce the amount of liquid resources required by statute. .
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https://paperspast.natlib.govt.nz/newspapers/EP19340507.2.142.2
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Evening Post, Volume CXVII, Issue 106, 7 May 1934, Page 12
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144TAXED SAVINGS Evening Post, Volume CXVII, Issue 106, 7 May 1934, Page 12
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