annual value of all rateable property of the Borough of
Balclutha and that the special rate shall be an annual re-
curring rate during the currency of the loan and be payable
half yearly on the 1st day of September and the 1st day of
April in each and every year during the currency of the loan
being a period of 30 years or until the loan is fully paid off.
R. J. FARQUHAR, Town Clerk.

TUAKAU BOROUGH COUNCIL
RESOLUTION MAKING SPECIAL RATE
Property Purchase Loan 1975—$15,000
PURSUANT to the Local Authorities Loans Act 1956, the
Tuakau Borough Council hereby resolves as follows:
“That for the purpose of providing the annual charges on a
loan of $15,000 authorised to be raised by the Tuakau
Borough Council under the above-mentioned Act for the
purpose of purchasing land for the extension of West Street
and such other land as is required for municipal purposes, the
said Tuakau Borough Council hereby appropriates and pledges
as security for the said loan a special rate of point nought
eight six (0.086) cents in the dollar ($) upon the rateable
value (on the basis of land value) of all rateable property
in the Borough of Tuakau; and that such rate shall be an
annual-recurring rate during the currency of the loan, being
a period of 30 years, or until the loan is fully paid off.”
I hereby certify that the above resolution was duly passed
at a meeting of the Tuakau Borough Council held on the
2nd July 1975.
W. H. NELSON, Town Clerk.

WAIMATE BOROUGH COUNCIL
SWIMMING CENTRE LOAN 1974—$95,000
NOTICE is hereby given that at a meeting of the Waimate
Borough Council held on Tuesday the 28th day of January
1975, the Waimate Borough Council appropriated and pledged
as security for the above loan a special rate of 0.656 cents
in the dollar on the rateable value (based on land value)
of all rateable property in the Borough of Waimate and
that the resolution was confirmed at a subsequent meeting
of the said Council held on the 25th day of February 1975.
A. F. McLAY, Mayor.

TARANAKI SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1975
To Interest to depositors—
On open accounts
Closed accounts and matured investment accounts
Accrued on investment accounts
Home lay-by, home loan: suspensory free deposits
Administrative expenses
Trustees’ honoraria
Depreciation
Payroll tax
Provision for taxation
Net profit
By Interest on investments—
New Zealand Government stock
Local body debentures
Mortgages
Personal loans
Other sources
Income from other sources

1975
$733,358
$206,000
$258,662
$2,245

1974
$674,904
$205,876
$241,861
$1,615

$688,936
$4,674
$33,518

$568,821
$3,748
$39,463

$3,651
$155,000
$205,666

$2,288,059 $2,083,295

$1,003,719
$6,490
$1,068,127
$7,153
$157,129

$958,929
$5,094
$964,379
$1,285
$109,384

$2,242,618 $2,039,071
$45,441 $44,224
$2,288,059 $2,083,295

APPRIORIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1975
To Provision for donations
Loss on disposal of securities
Reserve account

1975
$50,000
$157
$172,968

1974
$50,000

$223,125 $194,112

By Donation reserve balance
Profit on disposal of securities
Profit on disposal of property
Net profit

1975
$4,457
$13,002
$205,666

1974
$4,680
$1,076
$188,356
$223,125 $194,112

DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 MARCH 1975
To Interest to depositors—
On open accounts
Closed accounts and matured investment accounts
Accrued on investment accounts
Home lay-by and home loan suspensory free deposits

1975
$733,357.75
$205,999.97
$258,661.78
$2,245.25

1974
$674,904.26
$205,876.25
$241,860.95
$1,614.96

1,200,264.55 1,124,256.42
Administrative expenses—
Salaries and wages
Trustees' honoraria
Advertising, printing and stationery
Rates and insurance premiums
Share of earthquake premiums of properties mortgaged to the bank
Staff provident fund contributions
Rent branch premises
Lighting and heating
General office expenses
Expenses maintaining bank premises
Depreciation
Payroll tax
Provision for taxation
Net Profit

1975
$439,798.44
$4,674.00
$65,295.01
$15,301.26
$464.36
$23,729.75
$4,679.88
$4,131.29
$130,467.87
$5,067.47
$33,518.36
$3,650.73
$155,000.00
$205,666.33

1974
$378,958.71
$3,748.00
$45,899.36
$12,567.87
$381.60
$21,510.26
$4,523.88
$5,117.08
$97,844.01
$2,017.24
$39,463.38
$188,356.05

$2,288,058.57 $2,083,294.59

By Interest accrued and received
from—
New Zealand Government stock
Local authorities stock
Mortgages
Personal loans
Other sources
Commissions, fees and sundry receipts

1975
$1,003,718.48
$6,490.47
$1,068,126.71
$7,152.74
$157,129.24
$2,242,617.64
$45,440.93

1974
$958,928.82
$5,094.35
$964,378.41
$1,285.32
$109,384.03
$2,039,070.93
$44,223.66

$2,288,058.57 $2,083,294.59

BALANCE SHEET AS AT 31 MARCH 1975
Depositors’
accounts—
Ordinary
accounts
Thrift clubs
Home loan,
home ownership and farm ownership
Christmas clubs

1975
$26,584,113
$1,310,696
$661,646
$86,417

1974
$24,787,411
$1,287,266
$629,497
$87,844

28,642,872
Personal cheque accounts
Investment accounts
Total liability to depositors

$160,050
$9,234,646
$38,037,568

$26,792,018
$9,104,034
$35,896,052