20 JUNE

WELLINGTON CITY COUNCIL

NOTICE OF SPECIAL ORDER

Notice is hereby given that at a meeting of the Wellington City Council held on Wednesday, 12 June 1974, a resolution by way of special order was passed as follows:

That the Wellington City Council in exercise of the powers vested in it by section 53 of the Municipal Corporations Act 1954, doth hereby resolve by way of special order that the total number of councillors be increased from sixteen (16) councillors exclusive of the Mayor to eighteen (18) councillors exclusive of the Mayor.

And notice is hereby given that the resolution will be submitted for confirmation at an ordinary meeting of the Wellington City Council to be held in the Council Chamber, Town Hall, Cuba Street, Wellington, on Wednesday, 10 July 1974.

I. A. McCUTCHEON, Town Clerk.

1402

AUCKLAND SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1974

Interest to depositors—
On open accounts .. .. .. .. $5,991,582
Closed accounts and matured investment accounts 845,758
Accrued on investment accounts .. .. 2,135,084
Home layby accounts: suspensory free deposits .. 35,498

$9,007,922

Administration expenses .. .. .. 3,930,449
Trustees' honoraria .. .. .. 4,054
Depreciation .. .. .. 360,025
Provision for taxation .. .. .. 1,909,644
Net profit—carried down .. .. .. 2,485,610

$17,697,704

Interest on investments—
From New Zealand Government stock .. 8,207,755
From local authorities stock .. 1,594,133
From mortgages .. .. .. 6,184,435
From personal loans .. .. .. 30,491
From other sources .. .. .. 1,090,826

$17,107,640

Income from other sources .. .. .. 590,064

$17,697,704

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1974

Provision for donations .. .. .. $350,000
Transfer to Reserve .. .. .. 2,135,610

$2,485,610

Net profit—brought down .. .. .. 2,485,610

$2,485,610

BALANCE SHEET OF AUCKLAND SAVINGS BANK AS AT 31 MARCH 1974

Depositors' accounts—
Ordinary accounts .. .. 242,767,335
Investment accounts .. .. 58,042,827

Total liability to depositors .. .. 300,810,162

National savings accounts .. .. 803,405
Add interest suspense account .. 15,894

Other liabilities—
Interest accrued on investment accounts .. .. 2,135,084
Staff provident fund .. .. 1,940,902

Total other liabilities .. .. 4,075,986

Provision for donations .. .. 350,000
Provision for taxation .. .. 2,751,788
Reserve fund .. .. 16,544,927

$325,352,162

Current assets—
Cash on hand and at bank .. 542,770
Fixed deposits .. .. .. 18,300,000
Interest accrued on investments .. 3,050,604

$21,893,374

Investments: at cost—
New Zealand Government stock .. 159,967,498
Local authority securities .. 28,546,510
Mortgages .. .. .. 105,726,330
Loans—personal .. .. 537,690

Total ordinary investments .. .. 294,778,028

National savings securities—
New Zealand Government stock .. 819,299

Total National savings securities .. 819,299

Fixed assets—
Land and buildings 6,731,015 811,411 5,919,604
Vehicles .. 119,424 30,170 89,254
Equipment .. 2,862,016 1,911,792 950,224
Furniture, etc. .. 2,170,995 1,268,616 902,379

Total fixed assets $11,883,450 $4,021,989

$7,861,461

$325,352,162

ALFRED E. ALLEN, President.
C. L. STUART, General Manager.

14 May 1974.

We, the undersigned, being the auditors of the Auckland Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report:

(1) We have examined the books, accounts, and vouchers of the bank and have received all the information and explanations we have required.

(2) We have verified the cash, investments, securities, and assets of the bank as at 31 March 1974.

(3) The general manager has certified that, to the best of his knowledge and belief, all requirements of the Trustee Savings Banks Act 1948, and regulations thereunder have been complied with.

(4) In our opinion, the above balance sheet and profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Auckland Savings Bank's affairs as at 31 March 1974, and of the results of its business for the year ended on that date.

D. C. O'HALLORAN, B.COM., F.C.A., Auditor.
A. J. POSTLES, A.C.A., Auditor.

1178

TARANAKI SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1974

To Interest to depositors—
On open accounts .. .. .. 674,904
Closed accounts and matured investment accounts .. .. 205,876
Accrued on investment accounts .. .. 241,861
Home lay-by, home loan suspensory free deposits .. .. 1,615

Administrative expenses .. .. 1,124,256
Trustees' honoraria .. .. 3,748
Depreciation .. .. .. 39,463
Payroll tax .. .. .. 3,651
Provision for taxation .. .. 155,000
Net profit .. .. .. 188,356

$2,083,295

1973
$578,143
$189,401
$241,455
$190
$1,009,189
$467,248
$4,023
$34,389
$5,665
$123,000
$165,461

$1,808,975