NOTICE OF APPLICATION FOR CONSENT TO
CONDITIONAL USE

Notice is hereby given that application has been made by
Charlotte Eleanor Winter, of Christchurch, for consent to
conditional use to permit all uses listed as predominant in
residential 1 zones and to permit the subdivision of the land
hereinafter described into residential sections, recreation
ground, and commercial area for retail shops, service, and
repair workshops, professional and commercial offices, to
serve the surrounding residential area as the same are more
particularly shown on the plans submitted with the appli-
cation.

The property is on the north side of New Brighton Road,
Christchurch, and is located in the R.1A zone.

The legal description of the land is an estate in fee simple
situated in Blocks VIII and XII of the Christchurch Survey
District, being parts of Rural Sections 1779 and 24361 and
being part of the land in certificate of title, Volume 476,
folio 95, subject to grant of drain easement 69108 and
together with grant of right of way 81866 and comprising
approximately 36 acres.

The application may be examined at the office of the
Christchurch City Council during normal office hours and
any person or body affected may object to the application
by notice in writing delivered to the Town Clerk, Christchurch
City Council, Christchurch, not later than 4 p.m. on the
10th day of February 1974.

Every objector shall state the grounds of the objection
and whether the objector wishes to be heard by the Council
in support of his objection.

Dated this 12th day of December 1973.

Charlotte Eleanor Winter by her solicitor:
J. H. F. MACFARLANE.

This is the first publication of this notice.

2815

BANK OF NEW SOUTH WALES SAVINGS BANK (NEW
ZEALAND) LIMITED

BALANCE SHEET—30 SEPTEMBER 1973

1972
$

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 40c .. .. 400,000

Unappropriated profits .. .. 783,695
General reserve .. .. 200,000

Total shareholders' equity .. 1,383,695

Current liabilities—
Depositors' accounts—
Ordinary .. .. .. .. 41,484,296
Thrift .. .. .. .. 99,969
Home lay-by .. .. .. 233,110
Investment .. .. .. .. 20,698,457
Inoperative .. .. .. 1,128

Provision for taxation .. .. 62,516,960
Other, including interest accrued on
depositors' balances .. .. 40,238

Total current liabilities .. 1,372,709

Contingent liability (Note 1).

$65,313,602

1972
$

Assets

Investments—
Public securities (Note 2)—
New Zealand Government stock—
25,057,000 33 percent special .. .. 33,837,000
23,140,473 Other .. .. .. 19,158,094
1,736,977 Local authority .. .. .. 2,391,145

49,934,450 Short-term money market.. .. 55,386,239
11,281,527 Mortgages and other loans .. 2,550,000
567,726 Interest accrued on investments .. 16,542,236

61,783,703 Total investments .. .. 75,028,413

1972
$

Assets—continued
Current asset—
Deposits at Bank of New South
Wales

$65,313,602

STATEMENT OF PROFIT AND UNAPPROPRIATED PROFITS—YEAR
ENDED 30 SEPTEMBER 1973

1972
$

Income—
Income from investments—
New Zealand Government stock
and local authority securities
Mortgages and other loans
Other

3,009,892

Expenses—
Interest to depositors
Management and operating expenses
Auditors' remuneration

2,005,422
582,688
2,500

2,590,610

419,282
188,677

230,605

552,821

269

$783,695

1973
$

2,780,125

$77,808,538

Income
2,328,516
1,012,094
191,263

3,531,873

Expenses
2,200,885
805,488
3,150

3,009,523

Net profit before taxation
Provision for taxation

522,350
235,058

Net profit .. .. ..

287,292

Unappropriated profits—
Balance at beginning of year
Less dividend paid

783,695
100,000

Over provision for taxation 1971–72
year .. .. .. .. ..

683,695

Plus net profit

287,292

$970,987

J. W. DUNLOP, Director.
J. R. HALL, Secretary.

NOTES TO FINANCIAL STATEMENTS—30 SEPTEMBER 1973

NOTE 1: Contingent liability—At 30 September 1973, the company
was contingently liable for subsidies to home lay-by account
holders in the amount of $6,053 (1972—$9,418).

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
1973 amounted to $55,437,430 (1972—$49,998,303).

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 1973, 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.

15 October 1973, Wellington, New Zealand.

2662

NEW ZEALAND GOVERNMENT PUBLICATIONS
GOVERNMENT BOOKSHOP

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