438
THE NEW ZEALAND GAZETTE
No. 18

building a house for the accommodation of an employee.
Such special rate to be an annual-recurring rate, and will be
in force for the term of the loan, namely 20 years. It is
also hereby further resolved that the said rate be duly appro-
priated for the above purpose.”

Dated, 30 November 1966.

I, Terence Allan Arthur Bridgeman, Secretary of Lindis
Rabbit Board, do hereby certify that the above minute, passed
by the Board on 30 November 1966, is a true and correct
copy of the minutes, as appearing in the minutes of the
meeting of the board held on that date.

T. A. A. BRIDGEMAN, Secretary.

600

A.N.Z. SAVINGS BANK (NEW ZEALAND) LTD.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 1965

Interest to depositors .. .. .. .. £ 207,018
Management and operating expenses .. .. 56,338

Total expenses .. .. .. .. 263,356
Provision for taxation .. .. .. .. 29,130
Net profit for period .. .. .. .. 11,553

£304,039

Income from investments—
£
New Zealand Government stock and local authority
securities .. .. .. .. .. 267,130
Other investments .. .. .. .. 26,699

293,829
Other income .. .. .. .. 10,210

£304,039

PROFIT AND LOSS APPROPRIATION ACCOUNT

Transfer to contingencies reserve .. .. .. £ 2,000
Balance carried forward .. .. .. .. 9,553

£11,553

Net profit for period .. .. .. .. £ 11,553

£11,553

BALANCE SHEET AS AT 30 SEPTEMBER 1965

Shareholders’ funds—
Authorised capital .. .. 250,000
Issued capital—
250,000 ordinary shares of £1, each
fully paid .. .. .. 250,000
Contingencies reserve .. .. 2,000
Profit and loss appropriation
account .. .. .. 9,553

261,553

Current liabilities—
Depositors’ balances—
Ordinary accounts .. .. 6,984,831
Thrift accounts .. .. 156,490
Home lay-by accounts .. .. 144,861
Investment accounts .. .. 5,187,482

12,473,664
Provision for taxation .. .. 29,130
Other liabilities, including interest
accrued .. .. .. 167,745

196,875

£12,932,092

Deposits with Australia and New Zea-
land Bank Ltd. .. .. .. .. £ 738,661

Investments—
New Zealand Government stock—
3¾ percent special issue .. 5,015,000
Other .. .. .. 5,910,906
Local authority securities .. .. 402,529
Mortgage and other loans .. .. 743,512
Income accrued on investments .. 121,484

12,193,431

£12,932,092

Notes on the Accounts

1. The market value of Government and local authority securities
   at 30 September 1965, was £11,287,345.

2. There is an accruing contingent liability for subsidies on
   home lay-by accounts.

3. The provision for taxation includes taxation on interest paid
   to the seller where securities were purchased cum interest.

On behalf of the Board:

W. H. SIMON
C. G. HANKIN
J. DE V. HUNT, Secretary.

Directors.

Auditors’ Report

We have obtained all the information and explanations that we
have required. In our opinion, proper books of account have been
kept by the company, so far as appears from our examination of
those books. In our opinion, and to the best of our information
and the explanations given to us, and as shown by the said books,
the balance sheet, and profit and loss account are properly drawn
up so as to give respectively a true and fair view of the state of the
company’s affairs as at 30 September 1965, and of the results of
the business for the year ended on that date.

According to such information and explanations, the accounts,
the balance sheet, and the profit and loss account give the informa-
tion required by the Companies Act 1955, in the manner so
required.

ERNEST HUNT, TURNER, AND CO.,
Public Accountants

WATKINS, HULL, WHEELER, AND JOHNSTON,
Public Accountants

Wellington, New Zealand, 22 October 1965.

Joint
Auditors.

174

BANK OF NEW ZEALAND SAVINGS BANK LTD.
(Deposits guaranteed by Bank of New Zealand)

BALANCE SHEET AS AT 31 MARCH 1966

Liabilities

1965
Shareholders’ funds—
Authorised and issued
capital—
1,000,000 ordinary
shares of £1 each £1,000,000

£

£1,000,000

Paid-up capital—5s. per
share .. .. 250,000
General reserve .. .. 30,000
Profit and loss appro-
priation account .. 18,608

298,608

Current liabilities—
Depositors’ balances,
including interest
credited—
Ordinary accounts .. 12,575,197
Thrift accounts .. 246,363
Home lay-by accounts 398,903
Investment accounts 8,134,478

21,354,941

Provision for taxation .. 47,500
Other liabilities, including
interest accrued .. 173,929

221,429

£21,874,978

Contingent liability—
Subsidy—Home lay-by
accounts .. .. £3,500

Assets

1965
£
551,672 Deposits at Bank of New
Zealand .. .. .. 888,398

Investments—
New Zealand Govern-
ment stock—
3¾ percent special .. 8,700,000
Other .. .. .. 9,169,441
Local authority secur-
ities .. .. .. 407,358

18,276,799

Mortgages and other
loans .. .. .. 2,451,092
Income accrued on
investments .. .. 258,689

20,986,580