tion of the Board's area and for the general extension and
improvement of supply within that area, the said Board hereby
makes and levies a special rate of decimal nought two eight
one (.0281) of a cent in the dollar on the rateable value (on
the basis of capital value) of all rateable property within the
whole of the Thames Valley electric-power district, and that
such special rate shall be an annual-recurring rate during the
currency of such loan being for a period of 20 years, or until
the loan has been fully paid off."

The foregoing resolution was passed at a meeting of the
Thames Valley Electric-Power Board held at the Board’s
offices, Te Aroha, on the 7th day of September 1971.

C. V. JUNGE, Secretary-Treasurer.

BOROUGH OF ONEHUNGA
RESOLUTION MAKING SPECIAL RATE
Redemption Loan 1971, $16,600
Pursuant to the Local Authorities Loans Act 1956, the One-
hunga Borough Council hereby resolves that for the purposes
of providing the annual charges on a loan of $16,600,
authorised to be raised under the above-mentioned Act, for the
repayment on maturity of those portions of the Streets and
Footpaths Improvement Loan 1955, $500,000, as will mature
on 1 and 9 August, the said Onehunga Borough Council
hereby makes a special rate of 0.0107c in the dollar upon the
rateable value of all rateable property in the Borough of
Onehunga, and that the special rate shall be an annual-
recurring rate during the currency of the loan and be payable
half-yearly over a period of 8 years for Issue No. 1 of $10,400
and 10 years for Issue No. 2 of $6,200, or until the loan is
fully paid off.

The foregoing resolution was passed by the Onehunga
Borough Council at a meeting held on Monday, 6 September
1971.

A. B. ANDERSON, Town Clerk.

TRUSTEE SAVINGS BANKS ACT 1948
SOUTHLAND SAVINGS BANK
Pursuant to section 25 of the Trustee Savings Banks Act 1948
(as substituted by section 2 of the Trustee Savings Banks
Amendment Act 1968), the Southland Savings Bank hereby
gives notice that it has made the following grant:

Miscellaneous
Invercargill City Council—Civic Amenities Fund .... $2,505
L. R. D. PAYNE, General Manager.

BAY OF PLENTY SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1971
Interest to depositors:
On open accounts ... ... ... 299,724
Closed accounts and matured investment
accounts .. ... ... ... 124,510
Accrued on investment accounts ... ... 135,400
Home lay-by accounts: suspensory free
deposits ... ... ... ... ... 116
559,750
Administrative expenses ... ... 310,689
Trustees' honoraria ... ... ... 2,942
Depreciation: ... ... ... ... 13,628
Provision for taxation: ... ... ... 61,246
Net profit, carried down ... ... ... 60,912
$1,009,167
Interest on investments:
From New Zealand Government stock ... 531,573
From local authorities stock ... ... 61,185
From mortgages ... ... ... ... 352,082
From other sources ... ... ... 43,047
987,887
Income from other sources ... ... ... ... 21,280
$1,009,167

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1971

$
Provision for donations ... ... ... ... ... 7,000
Taxation under-provided 1968, 1969, and 1970 ... 6,146
Transfer to reserve ... ... ... ... ... 49,641
$62,787

$
Net profit, brought down ... ... ... ... ... 60,912
Gain on sale of land and buildings ... ... ... 1,875
$62,787

BALANCE SHEET AS AT 31 MARCH 1971
Depositors’ accounts:
$
Ordinary accounts ... ... ... ... ... 13,061,155
Special accounts (details) ...
Investment accounts ... ... ... ... ... 5,380,657
Total liability to depositors ... ... ... ... ... 18,441,812
National savings accounts Add interest, suspense account
Other liabilities:
Interest accrued on investment accounts ... ... 135,401
Mortgages ... ... ... ... ... ... ... 29,600
Owing to other trustee banks ... ... ... ... 9,644
Remittances in transit ... ... ... ... ... ...
Staff provident fund ... ... ... ... ... ...
Sundry creditors ... ... ... ... ... ... ... 14,405

Total other liabilities ... ... ... ... ... ... ... 189,050
Provision for donations ... ... ... ... ... ... 7,000
Provision for taxation ... ... ... ... ... ... 112,025
Special appropriation of reserves ... ... ... ...
Reserve fund ... ... ... ... ... ... ... 173,068
$18,922,955

Current assets:
$
Cash on hand and at bank ... ... ... ... ... 266,071
Fixed deposits ... ... ... ... ... ... ... 310,000
Short-term investments ... ... ... ... ... 318,346
Interest accrued on investments ... ... ... ... 173,585
Owing by other trustee savings banks ... ... 36,884
Prepayments ... ... ... ... ... ... ... 2,283
Remittances in transit ... ... ... ... ... ... 4,812
Sundry debtors ... ... ... ... ... ... ... 136
Leasehold property suspense ... ... ... ... ... 35,337

Total current assets ... ... ... ... ... ... ... 1,147,454
Investments:
New Zealand Government stock (Note

1. ... ... ... ... ... ... ... ... 10,512,499
   Local authority securities ... ... ... ... ... 1,105,234
   Mortgages ... ... ... ... ... ... ... ... ... 6,030,807
   Shares in computer company ... ... ... ... ... 5,000

Total ordinary investments ... ... ... ... ... ... ... 17,653,540
National savings securities:
New Zealand Government stock ... ... ... ...
Cash on hand and at bank ... ... ... ... ... ...

Total national savings securities ... ... ... ... ... .
Fixed assets:
Cost Deprecia- Book
Price tion Value
Land and buildings ... ... ... ... ... ... $60,253 883 $59,370
Vehicles, equipment, furniture, etc. $118,393 55,802 62,591
$178,646 56,685 $121,961

Total fixed assets ... ... ... ... ... ... ... ... 121,961

$18,922,955