exercise of all other powers enabling it on that behalf doth
hereby resolve by special resolution, intended to operate as
a special order, to borrow the sum of nine million seven
hundred and fifty thousand dollars ($9,750,000) as a special
loan to be known as Drainage Loan No. 77, 1972; $9,750,000
for the purpose of and incidental to the construction of
additions to the Manukau sewage purification works and
extending the main and branch sewers. The foregoing special
order was passed at an ordinary meeting of the Auckland
Regional Authority held on 20 May 1974, and confirmed
at an ordinary meeting of the said Authority held on 17 June
1974, having meantime been advertised in the Auckland Star
on 27 May 1974 and 5 June 1974.

The Common Seal of the Auckland Regional Authority was
hereunto affixed in the presence of the Chairman and
Secretary.

T. H. PEARCE, Chairman.
J. H. COULAM, Secretary.

AUCKLAND REGIONAL AUTHORITY

SPECIAL ORDER

The Auckland Regional Authority in exercise of the powers
vested in it by the Auckland Regional Authority Act 1963,
section 37, and in pursuance of the authority conferred upon
it under the Local Authorities Loans Act 1956, and in exercise
of all other powers enabling it on that behalf doth hereby
resolve by special resolution intended to operate as a special
order to borrow the sum of three million dollars ($3,000,000)
as a special loan to be known as Parks and Reserves Loan
No. 12, 1974; $3,000,000 for the purposes of and incidental
to the purchasing of land for regional parks and reserves
and extending the Auckland Centennial Memorial Park. The
foregoing special order was passed at an ordinary meeting
of the Auckland Regional Authority held on 20 May 1974,
and confirmed at an ordinary meeting of the said Authority
held on 17 June 1974, having meantime been advertised in
the Auckland Star on 27 May and 5 June 1974.

The Common Seal of the Auckland Regional Authority
was hereunto affixed in the presence of the Chairman and
Secretary.

T. H. PEARCE, Chairman.
J. H. COULAM, Secretary.

EASTERN AND CENTRAL SAVINGS BANK

REVENUE ACCOUNT FOR YEAR ENDED 31 MARCH 1974

1973
$540,250 Interest to depositors—
On open accounts
Closed accounts and matured invest-
ment accounts
Accrued on investment accounts
$1,028,019
697,698
279,311
241,534
$1,895,048

$829,324
75,842
746,065
172,022
1,823,253

Interest on investments—
From New Zealand Government stock
From local authority stock
From mortgages
From other sources

Income from other sources—
Commissions
Rents
Other income

$39,686
9,403
22,706

$1,028,950
89,001
1,059,438
175,077

41,264
10,375
27,170

$2,431,275

193,814
293,955

Administrative expenses
Trustees' honoraria
Depreciation
Amortization—
Government stock and local authority
stock
Realisation of assets-(losses)
Provision for taxation
Net profit—(carried down)
$699,103
5,890
30,133
9,291
2,764
53,150
66,698

866,561
4,525
34,319
21,790
64
132,449
153,024

$2,431,275

1973
$
12,000 Provision for donations ..
54,698 Transfer to general reserve
$66,698

$66,698 Net profit—brought down

66,698 Capital profit on sale of property
$66,698

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1974

1974
$
18,000
145,612

$163,612

153,024
10,588

$163,612

BALANCE SHEET AS AT 31 MARCH 1974

1973
$
23,964,890
1,824,580
6,039,888
3,401,458
35,230,816
293,955
35,524,771

Depositors' balances—
Savings accounts
Thrift accounts
Investment accounts—
1 year
2 year

Add accrued interest on investment accounts
Total liability to depositors
Other liabilities—
Commissioner of Inland Revenue
Owing to other trustee banks
Accounts payable
Staff superannuation reserve fund
Mortgages

$28,833,724
2,186,344
5,513,999
4,151,962

40,686,029
241,534

40,927,563

$100,243
11,179
46,952
5,442
163,300

283,774

Total other liabilities
Provision for deferred taxation
Provision for donations

General reserve fund—
(at 1 April 1973)
Add Balance donation reserve
Net profit for year

Special reserve—personal loans

125,400

213,693
12,000

153,560
18,000

$329,184
145,612

474,796

82

$36,244,237

Current assets—
Cash on hand
Bank—
Term deposits
Current accounts (net)

Term deposit—staff super-
annuation reserve
Interest accrued on investments
Owing by other trustee banks
Accounts receivable
Prepayments
Stationery stock on hand
Commissioner of Inland Revenue

Total current assets

$99,867
3,403,415
142,307

120,007
2,560,000
115,142

2,444,858

4,920
286,834
13,396
46,156
14,373
13,450
12,340

330,982
75,369
51,763
12,155
21,250

$4,037,058

3,056,384

Investments (see Notes 1 and 2)
New Zealand Government
stock (nominal value
$20,241,714)
Local authority securities
(nominalvalue$1,667,407)
Mortgages

Personal loans
Less interest (un-
earned)

Total investments

$17,593,549
1,457,158
12,676,917

20,458,546
1,680,136
15,987,333

220,090
21,347

198,743

$31,727,624

38,324,758