New Zealand Gazette – 1974 – No. 120

Page 2965

✨ Financial and Government Notices



12 DECEMBER | THE NEW ZEALAND GAZETTE | 2965

FRIENDLY SOCIETY REGISTERED

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

Dated at Wellington this 6th day of December 1974.
O. D. GOOD, Registrar of Friendly Societies.
3029

BANK OF NEW ZEALAND SAVINGS BANK LTD.

Deposits Guaranteed by Bank of New Zealand

BALANCE SHEET AS AT 31 MARCH 1974

1973 Liabilities 1974
$000's $000's
Depositors' balances, including interest credited—
93,660 Ordinary accounts 121,037
1,136 Thrift accounts 1,282
402 Home lay-by accounts 376
42,785 Investment accounts 39,194
161,889
3 Provision for 1973 taxation
Provision for 1974 taxation 130
838 Provision for future taxation on profits accrued 893
1,423 Other liabilities, including interest accrued 1,620
2,643
Shareholders' funds—
2,000 Authorised and issued capital—1,000,000 ordinary shares of $2 each 2,000
1,000 Paid-up capital—$1 per share 1,000
1,945 Reserves 2,526
3,526
143,192 168,058
1973 Assets 1974
$000's $000's
4,103 Deposits at Bank of New Zealand 7,969
Investments—
57,700 New Zealand Government Stock 3½ percent special 73,700
46,010 Other 38,966
11,058 Local authority securities 10,669
123,335
21,728 Mortgages and other loans 33,870
301 Australian Government securities 681
800 Other investments 608
1,492 Income accrued on investments 1,595
143,192 168,058

The redemption value of the New Zealand Government stock and local authority securities appearing in the balance sheet is $123,765,000 and the market value $121,170,000.

The book values of securities purchased at a discount or at a premium are adjusted annually so as to attain their redemption values by maturity date.

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31 MARCH 1974

1973 1974
$000's Trading income $000's
5,089 Income from New Zealand Government stock and local authority securities 5,574
1,699 Income from other investments 2,253
26 Other income 18
6,814 7,845
Less operating expenses—
4,310 Interest to depositors 4,880
1,358 Management and operating expenses 1,632
6,512
1,146 Net profit before taxation 1,333
516 Less provision for taxation 602
630 Net profit after taxation 731
5 Adjustment to provision for future taxation
625 731
This income was distributed as follows—
150 Dividend Paid 150
475 Transfer to Reserve 581
625 731

On behalf of the Board:
B. H. SMITH, General Manager.
D. O. WHYTE, Director.
WILLIAM G. V. FERNIE, Director.

AUDITORS' REPORT TO MEMBERS OF BANK OF NEW ZEALAND SAVINGS BANK LTD.

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 profit and loss statement are properly drawn up so as to give respectively a true and fair view of the state of the company's affairs as at 31 March 1974, and of the results of its business for the year ended on that date.

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

HUNT DUTHIE AND CO.,
Chartered Accountants and Auditors.
Wellington, 10 May 1974.

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✨ LLM interpretation of page content

🏥 Registration of Nelson Catholic Credit Union

🏥 Health & Social Welfare
6 December 1974
Friendly Societies, Registration, Nelson Catholic Credit Union
  • O. D. Good, Registrar of Friendly Societies

💰 Bank of New Zealand Savings Bank Ltd. Balance Sheet

💰 Finance & Revenue
Banking, Financial Statements, Savings Bank
  • B. H. Smith, General Manager
  • D. O. Whyte, Director
  • William G. V. Fernie, Director

💰 Bank of New Zealand Savings Bank Ltd. Profit and Loss Statement

💰 Finance & Revenue
Banking, Financial Statements, Profit and Loss
  • B. H. Smith, General Manager
  • D. O. Whyte, Director
  • William G. V. Fernie, Director

💰 Auditors' Report for Bank of New Zealand Savings Bank Ltd.

💰 Finance & Revenue
10 May 1974
Banking, Auditing, Financial Statements
  • Hunt Duthie and Co., Chartered Accountants and Auditors

🏛️ New Zealand Government Publications Availability

🏛️ Governance & Central Administration
Government Publications, Bookshops, Distribution