13 JANUARY THE NEW ZEALAND GAZETTE 51

FRIENDLY SOCIETY REGISTERED

PURSUANT to section 16 of the Friendly Societies Act 1909, the Tauranga Maori Community Credit Union, with registered office at Tauranga, is registered as a specially authorised society under the Friendly Societies Act 1909.

Dated at Wellington this 20th day of December 1971.

O. D. GOOD, Registrar.

301

FRIENDLY SOCIETY REGISTERED

PURSUANT to section 16 of the Friendly Societies Act 1909, the Lane Walker Rudkin Industries Employees Credit Union, with registered office at Christchurch, is registered as a specially authorised society under the Friendly Societies Act 1909.

Dated at Wellington this 20th day of December 1971.

O. D. GOOD, Registrar.

302

FRIENDLY SOCIETY REGISTERED

PURSUANT to section 16 of the Friendly Societies Act 1909, the Lyttelton Waterfront Credit Union, with registered office at Lyttelton, is registered as a specially authorised society under the Friendly Societies Act 1909.

Dated at Wellington this 20th day of December 1971.

O. D. GOOD, Registrar.

303

BANK OF NEW SOUTH WALES SAVINGS BANK (N.Z.) LTD.

BALANCE SHEET—30 SEPTEMBER 1971

1970 $ Liabilities and Shareholders’ Equity 1971 $

Shareholders’ equity—
Authorised capital—
1,000,000 ordinary shares of $2 each .. .. .. 2,000,000

Issued and paid up capital—
1,000,000 ordinary shares of $2 each paid up to 40 cents .. 400,000
Unappropriated profits .. 552,821
General reserve .. 200,000

Total shareholders’ equity .. 1,152,821

Current liabilities
Depositors’ accounts—
Ordinary .. .. 33,960,794
Thrift .. .. 98,994
Home Lay-By .. .. 264,340
Investment .. .. 23,279,100
Inoperative .. .. 1,103

Provision for taxation .. .. 20,860
Other, including interest accrued on depositors’ balances .. .. 1,144,844

Total current liabilities .. 58,770,035
Contingent Liability (Note 1). .. ..

$56,689,192 $59,922,856

Assets

1970 $ 1971 $

Investments—
Public Securities (Note 2)—
New Zealand Government stock—
3¾ percent special .. 22,677,000
Other .. 25,128,829
Local and semi-government authority .. .. 1,291,580

Total investments .. 56,872,089

Current asset—
Deposits at Bank of New South Wales .. .. 3,050,767

$56,689,192 $59,922,856

STATEMENT OF PROFIT AND UNAPPROPRIATED PROFITS—YEAR ENDED 30 SEPTEMBER 1971

1970 $ 1971 $

Income—
Income from investments—
New Zealand Government stock and local and semi-government authority securities .. .. 2,221,278
Mortgages and other loans .. .. 477,070
Other .. .. 120,281

2,538,396 2,818,629

Expenses—
Interest to depositors .. .. 1,948,582
Management and operating expenses .. .. 538,228
Auditors’ remuneration .. .. 1,972

2,248,107 2,488,782

290,289 329,847

Provision for taxation—
Underprovided 1969–70 year .. .. 884
Payments on account .. .. 144,063
Balance due .. .. 20,860

144,756 165,807

145,533 164,040

Unappropriated profits—
Balance at beginning of year .. .. 388,781
Transfer to general reserve .. .. ..

Balance at end of year .. .. $552,821

On behalf of the Board:

R. W. NORMAN, Director.
L. K. CAMERON, Secretary.

NOTES TO FINANCIAL STATEMENTS—30 SEPTEMBER 1971

NOTE 1: Contingent Liability—At 30 September 1971 the company was contingently liable for subsidies to home lay-by account holders in the amount of $10,901 (1970: $16,076).

NOTE 2: Public Securities—The book values of New Zealand public securities purchased at a discount or at a premium are adjusted annually so as to attain redemption value by maturity date. The redemption value of these securities at 30 September 1971 amounted to $49,184,606 (1970: $46,221,370).

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, according to the best of our information and the explanations given to us and as shown by the said books, the balance sheet and the statement of profit and unappropriated profits, together with the notes thereto, 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 1971 and of the results of its business for the year then ended.

According to such information and explanations the accounts, the balance sheet, and the statement of profit and unappropriated profits give the information required by the Companies Act 1955 in the manner so required.

WILBERFOSS AND CO., Auditors.

16 October 1971.

3385

TRUSTEE SAVINGS BANK ACT 1948

WAIKATO SAVINGS BANK

PURSUANT to section 25 of the Trustee Savings Bank Act 1948 (as substituted by section 2 of the Trustee Savings Bank Amendment Act 1968), the Waikato Savings Bank hereby gives notice that it has made the following grants:

DONATIONS LIST

Boy Scouts Association $
Esk (Hamilton) .. .. .. 20
Cambridge .. .. .. 20
Hakarimata .. .. .. 20
Kirikiri roa (Hamilton) .. .. .. 20
Koromatua (Hamilton) .. .. .. 20
Matamata .. .. .. 20