2822

THE NEW ZEALAND GAZETTE

No. 102

FRIENDLY SOCIETY REGISTERED

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

Dated at Wellington this 4th day of December 1972.

O. D. GOOD, Registrar of Friendly Societies.

3850

FRIENDLY SOCIETY REGISTERED

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

Dated at Wellington this 8th day of December 1972.

O. D. GOOD, Registrar of Friendly Societies.

3876

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

BALANCE SHEET—30 SEPTEMBER 1972

Liabilities and Shareholders’ Equity 1972 1971
$ $
Shareholders’ equity—
Authorised capital—
1,000,000 ordinary shares of $2 each 2,000,000 2,000,000
———————————————————————————————————————————————— ————————— —————————
Issued and paid up capital—
1,000,000 ordinary shares of $2 each
paid up to 40c .. .. 400,000 400,000
Unappropriated profits .. .. 783,695 552,821
General reserve .. .. 200,000 200,000
———————————————————————————————————————————————— ————————— —————————
Total shareholders’ equity .. .. 1,383,695 1,152,821

Current liabilities—
Depositors accounts—
Ordinary .. .. 41,484,296 33,960,794
Thrift .. .. 99,969 98,994
Home Layby .. .. 233,110 264,340
Investment .. .. 20,698,457 23,279,100
Inoperative .. .. 1,128 1,103
———————————————————————————————————————————————— ————————— —————————
62,516,960 57,604,331
Provision for taxation .. .. 40,238 20,860
Other, including interest accrued on
depositors’ balances .. .. 1,372,709 1,144,844
———————————————————————————————————————————————— ————————— —————————
Total current liabilities .. .. 63,929,907 58,770,035
Contingent liability (Note 1)
———————————————————————————————————————————————— ————————— —————————
$65,313,602 $59,922,856
———————————————————————————————————————————————— ————————— —————————

See accompanying notes

Assets 1972 1971
$ $
Investments—
Public securities (Note 2)—
New Zealand Government stock—
3¾ percent special .. .. 25,057,000 22,677,000
Other .. .. 23,140,473 25,128,829
Local authority .. .. 1,736,977 1,291,580
———————————————————————————————————————————————— ————————— —————————
49,934,450 49,097,409
Mortgages and other loans .. .. 11,281,527 7,184,926
Interest accrued on investments .. .. 567,726 589,754
———————————————————————————————————————————————— ————————— —————————
Total investments .. .. 61,783,703 56,872,089

Current asset—
Deposits at Bank of New South Wales 3,529,899 3,050,767
———————————————————————————————————————————————— ————————— —————————
$65,313,602 $59,922,856
———————————————————————————————————————————————— ————————— —————————

See accompanying notes

STATEMENT OF PROFIT AND UNAPPROPRIATED PROFITS—
YEAR ENDED 30 SEPTEMBER 1972

Income— 1972 1971
$ $
Income from investments—
New Zealand Government stock
and local authority securities .. .. 2,283,625 2,221,278
Mortgages and other loans .. .. 603,377 477,070
Other .. .. 122,890 120,281
———————————————————————————————————————————————— ————————— —————————
3,009,892 2,818,629

Expenses—
Interest to depositors .. .. 2,005,422 1,948,582
Management and operating expenses .. .. 582,688 538,228
Auditors’ remuneration .. .. 2,500 1,972
———————————————————————————————————————————————— ————————— —————————
2,590,610 2,488,782

Net profit before taxation .. .. 419,282 329,847
Provision for taxation .. .. 188,677 165,807
———————————————————————————————————————————————— ————————— —————————
Net profit .. .. 230,605 164,040

Unappropriated profits—
Balance at beginning of year .. .. 552,821 388,781
Other provision for taxation 1971/72
year .. .. 269 ..
———————————————————————————————————————————————— ————————— —————————
Balance at end of year .. .. $783,695 $552,821
———————————————————————————————————————————————— ————————— —————————

See accompanying notes

On behalf of the Board:

R. J. ABERCROMBIE, Director.
J. R. HALL, Secretary.

NOTES TO FINANCIAL STATEMENTS—30 SEPTEMBER 1972

NOTE 1: Contingent liability—At 30 September 1972 the company was contingently liable for subsidies to home layby account holders in the amount of $9,418 (1971—$10,901).

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 1972 amounted to $49,998,303 (1971—$49,184,606).

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 1972 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.

Wellington, New Zealand, 13 October 1972.

3381

CONTENTS

Page
ADVERTISEMENTS ..... ..... ..... ..... 2813
APPOINTMENTS ..... ..... ..... ..... 2785
BANKRUPTCY NOTICES ..... ..... ..... ..... 2811
DEFENCE NOTICE ..... ..... ..... ..... 2784
LAND TRANSFER ACT: NOTICES ..... ..... ..... ..... 2812
MISCELLANEOUS—
Agricultural Chemicals Act: Notice ..... ..... ..... ..... 2801
Conscience Money Received: Notice ..... ..... ..... ..... 2804
Customs Tariff: Notices ..... ..... ..... ..... 2805
Education Act: Notice ..... ..... ..... ..... 2799
Forests Act: Notice ..... ..... ..... ..... 2801
Indecent Publications Act: Notices ..... ..... ..... ..... 2802
Industrial Conciliation and Arbitration Act: Notice ..... ..... 2799
Life Insurance Act: Notice ..... ..... ..... ..... 2804
Local Authorities Loans Act: Notice ..... ..... ..... ..... 2804
Maori Affairs Act: Notices ..... ..... ..... ..... 2799
National Parks Act: Notice ..... ..... ..... ..... 2804
New Zealand - Australia Free Trade Agreement Act: Notice ..... ..... 2795
Oaths and Declarations Act: Notice ..... ..... ..... ..... 2798
Officiating Ministers: Notices ..... ..... ..... ..... 2785
Public Works Act: Notices ..... ..... ..... ..... 2785, 2799, 2802
Reserve Bank: Statement ..... ..... ..... ..... 2810
Schedule of Contracts: Notices ..... ..... ..... ..... 2805, 2807
Standards Act: Notice ..... ..... ..... ..... 2804
Tariff and Development Board: Notice ..... ..... ..... ..... 2805
Transport Act: Notice ..... ..... ..... ..... 2798
PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS 2783–2784

Price 25c

BY AUTHORITY: A. R. SHEARER, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1972