1504
THE NEW ZEALAND GAZETTE
No. 70

by James Bruce Smithies and Heather Annette Smithies and is known as 110 Regent Street, Invercargill. The strip of land proposed to be taken is more particularly shown on S.O. Plan 8129 which is open for inspection during office hours at the office of the City Engineer, Invercargill City Council, Civic Administration Building, Esk Street, Invercargill. Every person affected shall set forth in writing any objection he or she may which to make to the execution of the works or to the taking of the said land, not being an objection to the amount for payment of compensation, and shall send such written objection within forty (40) days from the first publication of this notice to the Town and Country Planning Appeal Board, P.O. Box 12-244, Wellington North. If any objection is made in accordance with this notice a public hearing of the objection will be held, unless the objector otherwise requires, and each objector will be advised of the time and place of the hearing.

This is the second publication of this notice.

The first publication was made on 13 July 1974.

Dated this 10th day of July 1974.

K. A. BALLINGER, City Engineer.

1634

TAURANGA CITY COUNCIL

SPECIAL ORDER ALTERING THE NUMBER OF COUNCILLORS

PUBLIC notice is hereby given that at a special meeting of the Tauranga City Council, held on the 8th day of July 1974, the following resolution was passed:

That the Tauranga City Council resolves by way of special order, pursuant to section 53 (2) of the Municipal Corporations Act 1954, that the Council shall consist of fourteen (14) councillors, excluding the Mayor.

C. G. MARCHANT, City Manager.

1608

WANGANUI SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1974

Depositors’ accounts—

$ $
Savings .. .. .. 11,740,030.30
Thrift .. .. .. 852,179.63

            ————————
            12,592,209.93

Investment accounts .. .. 4,221,130.50
Add accrued interest (Note 4) 52,666.33
————————
Total liability to depositors .. 16,866,006.76

Current liabilities—
Owing to other trustee savings banks .. .. 17,689.20
Sundry creditors .. .. 33,098.46
Sundry creditors—capital .. 14,539.76
Provision for donations .. 13,145.30
————————
Total current liabilities .. 78,472.72

Other liabilities—
Mortgages .. .. .. 52,907.21
Provision for future taxation .. 66,206.19
Provision for future loss on sale of statutory investments (Note 1) .. .. 25,874.00
————————
Total other liabilities .. 144,987.40

Reserve fund—
Balance at 31 March 1973 .. 137,288.54
Add balance of appropriation account .. .. 62,238.49
————————
199,527.03
Less provision for loss on realisation of investments (Note 1) 11,573.00
————————
187,954.03
Plus premiums due on redemption .. .. 5,918.32
————————
193,872.35

            ————————
            $17,283,339.23
            =============

Current assets—

$ $
Cash on hand and at bankers .. 200,146.70
Fixed deposits at bankers .. 770,200.00
Short-term investments .. 167,758.11
Interest accrued on investments .. 149,973.92
Owing by other trustee savings banks 10,046.06
Sundry debtors and prepayments 15,714.01
Taxation paid in advance: $26,492.00
Less provision for taxation: $22,877.95
————————
3,614.05
Stationery on hand .. .. 15,333.20
————————
Total current assets .. .. .. 1,332,786.05

Other assets—
Computer landing charges .. 16,075.00
Less written off: 1973–74 .. 268.00
————————
Total other assets .. .. .. 15,807.00

Investments (at face value)—
Government stock (Note 2) .. 8,380,740.00
Local authority securities .. 769,232.65
Mortgages (Note 3) .. 6,400,085.68
Personal loans .. 177,540.59
Less future years Int. 18,609.64
————————
158,930.95
————————
Total investments .. .. .. 15,708,989.28

Fixed assets—
Land, buildings and improvements 191,280.06
Furniture, fittings, vehicles, and equipment .. .. 144,067.00
————————
Per schedule at cost .. .. 335,347.06
Less accumulated depreciation .. 109,590.16
————————
Total fixed assets .. .. .. 225,756.90

            ————————
            $17,283,339.23
            =============

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1974

Interest to depositors—

$ $
On open accounts .. .. .. 285,073.72
Closed accounts and matured investment accounts 175,608.52
Accrued on investment accounts .. .. 52,666.33
————————
513,348.57

Administrative expenses .. .. .. 362,034.42
Trustees’ fees .. .. .. 2,830.00
Depreciation.. .. .. .. 23,494.95
Provision for taxation .. .. .. 43,778.95
Payroll tax .. .. .. 2,129.26
Net profit—carried down .. .. 75,691.74
————————
$1,023,307.89
=============

Interest on investments—

$ $
Government stock .. .. .. 418,883.69
Local authorities .. .. .. 39,323.01
Mortgages.. .. .. .. 429,502.27
Personal loans .. .. .. 10,809.13
Fixed deposits and call liquidity .. .. 90,850.00
————————
989,368.10

Income from other sources—
Brokerage .. .. .. 5,891.08
Commission, fees, etc. .. .. 24,185.40
Rents .. .. .. 3,326.92
Government stock premiums .. .. 536.39
————————
$1,023,307.89
=============

APPROPRIATION ACCOUNT

$ $
Provision for donations .. .. .. 15,000.00
Balance to reserve fund .. .. .. 62,238.49
————————
$77,238.49
=============

$ $
Net profit .. .. .. 75,691.74
Over provision .. .. .. 1,546.75
————————
$77,238.49
=============