PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 JUNE 1975

$1,628,341

$258,794

1975

Income from-

$1,628,341

Balance brought forward from previous

$258,794

On behalf of the board:

T. L. WEBB, Director.

AUDITORS' REPORT TO THE MEMBERS OF THE COMMERICAL BANK SAVINGS BANK (N.Z.) LIMITED

In our opinion the accompanying balance sheet and profit and loss account give a true and fair view of the state of affairs of The Commercial Bank Savings Bank (N.Z.) Limited, at 30 June, 1975, and of its results for the year ended on that date.

We have obtained all the information and explanations we have required. In our opinion the company has kept proper books, and the balance sheet and profit and loss account, give in the prescribed manner the information required by the Companies Act, 1955.

B. W. McDONALD}

C. H. STEWART } Chartered Accountants.

Wellington, New Zealand, 18 July 1975.

NOTES TO THE ACCOUNTS

1. Book values of New Zealand Government and local authority securities which were purchased at a discount or a premium, are being amortized annually so as to attain their redemption values by maturity date.

2. The New Zealand Government and local authority securities are all redeemable at par at fixed dates. Whilst in the ordinary course of business some realisation of the bank's investment in these securities may take place at prices below book values, it is the opinion of the directors that existing reserves are sufficient to cover any losses that are likely to arise on sales undertaken in the normal course of business.

3. The difference between the book value and proceeds on realisation of New Zealand Government and local authority securities is taken to profit and loss account in equal annual instalments over a period of 5 years commencing with the year in which they arise.

4. Investments—1975

Book Value 23,251,842

Market Value 23,104,131

2971

Price 35c

BY AUTHORITY: A. R. SHEARER, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND--1975

3042

THE NEW ZEALAND GAZETTE

No. 114

NEW ZEALAND GOVERNMENT PUBLICATIONS

GOVERNMENT BOOKSHOPS

A selective range of Government publications is available from the following Government Bookshops:

Wellington—

Mulgrave Street Telephone 737 320

Rutherford House, Lambton Quay Telephone 726 145

World Trade Center, Cubacade, Cuba Street

Private Bag Telephone 349 572

Auckland: Housing Corporation of New Zealand Building,

Rutland Street Telephone 32 919

P.O. Box 5344

Hamilton: Barton Street Telephone 80 103

P.O. Box 857

Christchurch : 130 Oxford Terrace Telephone 50 331

P.O. Box 1721

Dunedin: T. and G. Insurance Building, Princes Street Telephone 78 294

P.O. Box 1104

Wholesale Retail Mail Order

Postage: All publications are post or freight free within New Zealand by second-class surface mail or surface freight.

Postage or freight is extra when publications are forwarded by first-class surface mail, by air mail, by air freight, or overseas.

Call, write, or phone your nearest Government Bookshop for your requirements.

NEW ZEALAND STANDARD SPECIFICATIONS

These are not now available from Government Bookshops but may be obtained from the Standards Association of New Zealand, Private Bag, Wellington.

CONTENTS

ADVERTISEMENTS ……………………3032

APPOINTMENTS ………………………2997

BANKRUPTCY NOTICES ………………3030

DEFENCE NOTICES ……………………2997

LAND TRANSFER ACT: NOTICES …………3031

MISCELLANEOUS—

Charitable Trusts Act: Notice ……………………3020

Coal Act: Notice …………………………3010

Commerce Act: Notice ………………………3017

Counties Act: Notice ………………………3009

Customs Tariff: Notices ………………………3022

Customs Tariff Review Programme: Notice ……………………3019

Dangerous Goods Act: Notice ………………………3010

Environmental Impact Report: Notices ……………………3019

Fisheries Amendment Act: Notice ………………………3010

Food and Drug Act: Notices ………………………3016

Forests Act: Notices ………………………3010, 3020

Government Railways Act: Notice ………………………2996

Land Act: Notice …………………………3009

Local Authorities Loans Act: Notice ……………………3019

Maori Affairs Act: Notices ………………………3018

Motor Launch Regulations: Notice ……………………3020

National Roads Act: Notice ………………………3019

Post Office Act: Notice ………………………3016

Public Works Act: Notices ………………………3001

Queen Elizabeth II Arts Council of New Zealand Act: Notices ……………………3020

Reserves and Domains Act: Notices ……………………3008, 3009, 3018

Reserve Bank: Statements ………………………3026, 3029

Sale of Liquor Act: Notice ………………………3019

Schedule of Contracts: Notice ………………………3021

Standards Act: Notices ………………………3021

Transport Act: Notices ………………………3010

PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS …………2995