SEPT. 15]

Cr.
Balance .. .. .. .. £ 14,855 9 2
Profit and Loss Account .. .. .. 41,786 13 9
£ 56,642 2 11
Balance .. .. .. .. £17,776 13 9

BALANCE-SHEET AS AT 31ST MARCH, 1949
Liabilities
£ s. d.
Amount at credit of 55,270 depositors .. 5,323,164 13 1
Amount at credit of National Savings accounts .. 1,724,985 10 7
Staff Provident Fund .. .. .. 15,361 6 8
Staff Provident Reserve Fund .. .. 2,947 2 7
National Savings Interest Suspense .. .. 33,197 1 11
Provision for taxation .. .. .. 24,010 0 0
Post Office Imprest Account .. .. 1,250 0 0
Reserves—
Ex-servicemen's Loan Scheme £ s. d.
Reserve Fund .. .. .. 10,000 0 0
Reserve Fund .. .. .. 284,255 9 2
Profit and Loss Appropriation
Account .. .. .. 17,776 13 9

312,032 2 11
£7,436,947 17 9

Assets
£ s. d. £ s. d.
Loans on mortgage .. 2,328,835 10 7
New Zealand Government
stock, bonds, and debentures 2,161,559 9 5
Local-body debentures .. 837,389 11 5
5,327,784 11 5
New Zealand Government
Stock : Account National
Savings .. .. .. 1,724,985 10 7
Interest accrued on investments,
mortgages, &c. .. .. 45,626 13 0
Office furniture .. .. 6,838 0 10
Less depreciation.. .. 838 0 10

6,000 0 0
Land and buildings .. 36,000 0 0
Less depreciation.. .. 1,000 0 0

35,000 0 0
Rents accrued .. .. .. 150 0 0
National Savings bonds on
imprest.. .. .. 1,150 0 0
Fixed deposits .. .. 130,000 0 0
Cash in hand and at bank .. 166,251 2 9

296,251 2 9
£7,436,947 17 9

W. G. HILLIKER, Manager.
J. PETERSON, Accountant.
J. H. F. HAMEL, President.
JAS. W. DOVE, Deputy President.
M. CONNELLY, A. STEEL R. WALLS Trustees.
D. C. CAMERON D. G. McMILLAN

We, Jas. Brown and Co. and J. S. McInnes and Sons, being
the auditors of the Dunedin Savings-bank appointed in terms of
section 4 of the Savings-banks Amendment Act, 1923, hereby certify :
(1) That we 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 as at the date hereof, in accordance
with the requirements of the Savings-banks 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 we have received from the Manager a certificate to the
effect that, to the best of his knowledge and belief, the terms of
the Savings-banks Act, 1908, and amendments, have been complied
with, excepting section 20 of the principal Act ; (5) that we have
perused a statement from the National Bank of New Zealand,
Limited, agreeing to discount fixed deposits on demand.

JAMES BROWN AND CO. J Auditors.
J. S. McINNES AND SONS

Dunedin, 27th April, 1949.

Approved—
C. J. ATKIN,
Second Assistant Secretary to the Treasury,
28th July, 1949.

THE NEW ZEALAND GAZETTE
2321

INVERCARGILL CITY COUNCIL

NOTICE TO DEBENTURE-HOLDERS OF INTENTION TO EXERCISE
OPTION IN THE MATTER OF THE LOCAL AUTHORITIES INTEREST
REDUCTION AND LOANS CONVERSION ACT, 1932-33, AND THE
INVERCARGILL CITY LOANS CONVERSION ORDER 1934

T N pursuance of section 16 of the Invercargill City Loans Con-
version Order 1934, and the terms under which securities
authorized by the said Order were issued, the Invercargill City
Council, at a meeting held on the 19th day of July, 1949, resolved
to exercise the option contained in the securities in respect of all
debentures maturing on the 1st day of May, 1955, of the Invercargill
City Conversion Loan 1934; and public notice is accordingly
hereby given of the Invercargill City Council's intention to redeem
such debentures of the said loan on the 1st day of May, 1950, and
interest thereon will cease on the said day.
The debentures are Nos. 7010 to 7209; being 7010–7103,
7105–7208 (inclusive), each £100 ; 7104, 7104a, and 7123a, each
£50 ; and 7209 for £40.

W. F. STURMAN, Town Clerk.
Invercargill, 2nd September, 1949.

HAURAKI UNITED DRAINAGE BOARD

RESOLUTION MAKING SPECIAL RATE

Horahia Drainage Renewal Loan 1949, £375

IN pursuance and exercise of the powers vested in it in that
behalf by the Local Bodies' Loans Act, 1926, the Hauraki
United Drainage Board hereby resolves as follows:-
"That, for the purpose of providing the interest and other
charges on a loan of £375, authorized to be raised by the Hauraki
United Drainage Board under the above-mentioned Act, for repay-
ment of the balance owing under the Horahia Drainage Loan 1926,
£15,500, Issue of £1,000, raised on 31st May, 1939, for the purpose
of constructing new drains, &c., the said Hauraki United Drainage
Board hereby makes and levies a special rate of one-eighth of a
penny (£d.) in the pound on lands classified A and one-tenth of a
penny (id.) on lands classified B upon the rateable value of all
rateable property of the Horahia Drainage District, and that such
special rate shall be an annual-recurring rate during the currency
of such loan, and be payable yearly on the 13th day of August
in each and every year during the currency of such loan, being a
period of five years, or until the loan is fully paid off."
We hereby certify that the foregoing is a true and correct
copy of a resolution passed by the Hauraki United Drainage Board
at a meeting duly held at Turua on Thursday, 18th August, 1949.

C. K. FOX, Chairman.
R. S. NICOL, Clerk.

NAHR'S BREWERIES, LIMITED

IN LIQUIDATION

N OTICE is hereby given that the final meeting of creditors of
NAHR'S BREWERIES, LIMITED, will be held at the office of
the liquidator, 24 Wakefield Street, Westport, on the 4th day of
October, 1949, at 3.30 p.m.

Business-

1. Consideration of liquidator's final report and accounts.
2. To decide as to the disposal of the books and accounts of the
   company.
3. General.

W. E. L. GAY, Liquidator.

NAHR'S BREWERIES, LIMITED

IN LIQUIDATION

N OTICE is hereby given that the final meeting of shareholders
of NAHR'S BREWERIES, LIMITED, will be held at the office
of the liquidator, 24 Wakefield Street, Westport, on the 4th day of
October, 1949, at 4.30 p.m.

Business-

1. Consideration of liquidator's final report and accounts.
2. To decide as to the disposal of the books and accounts of the
   company.
3. General.

W. E. L. GAY, Liquidator.