25 SEPTEMBER

being all the land in certificate of title, Volume 269, folio 163
(Wellington Registry), and known as 69 Campbell Street,
Palmerston North.

Dated at Palmerston North this 17th day of September
1975.

P. APTHORP, Town Clerk.

This notice was first published in the Manawatu Evening
Standard on 20 September 1975.

2465

HASTINGS CITY COUNCIL

PURSUANT to the Public Works Act 1928, the Hastings City
Council desires to change the purpose of the land described
in (i) in the Schedule hereto which is held for the purpose
described in (ii) to the purpose described in (iii).

SCHEDULE

HAWKE'S BAY LAND DISTRICT-HASTINGS CITY

(i) Description of land:

Lot 68, D.P. 9854, area, 1320 square metres, more or less,
pt. certificate of title G1/698. Being that portion of Windsor
Avenue between Maxville Drive and Grove Road.

(ii) The land is presently held for Sports Grounds.

(iii) The Council desires to set this piece of land apart
for road purposes.

Any persons affected by this proposed change of purpose
may object in writing to the Hastings City Council. Written
objections should be lodged with the Town Clerk within
forty (40) days of the first publication of this notice, namely,
30 October 1975.

Dated at Hastings this 20th day of September 1975.

A. E. BAKER, Town Clerk.

2464

WANGANUI COUNTY COUNCIL

WATER-SKI-ING SEASON—LAKE WIRITOA

PURSUANT to a resolution of the Wanganui County Council
passed at a meeting held on 12 September 1975, the Council
hereby declares that the water-ski-ing season defined in the
New Zealand Gazette on 14 November 1968, No. 74, p. 2104,
and amended on 28 May 1970, No. 31, is hereby renewed
for a further term of 5 years from 1 July 1975.

The definition provides for an annual season “...from the
lst day of July in one year to the 31st day of March or
Easter Monday, whichever is the later, in the following year.

Dated at Wanganui this 18th day of September 1975.

K. J. SAFEY, County Clerk.

2463

BANK OF NEW ZEALAND SAVINGS BANK LTD.

Deposits Guaranteed by Bank of New Zealand

BALANCE SHEET AS AT 31 MARCH 1975

1974
$000’s

Liabilities

Depositors’ balances, including
interest credited—

121,037 Ordinary accounts .. .. 139,441
1,282 Thrift accounts .. .. 1,284
376 Home lay-by accounts .. 349
39,194 Investment accounts .. .. 36,143

177,217

130 Provision for 1974 taxation
.. Provision for 1975 taxation
.. 76
893 Provision for future taxation on
profits accrued .. .. .. 927
1,620 Other liabilities, including interest
accrued .. .. .. 1,461

2,464

Shareholders’ funds—

Authorised and issued capital—

1,000,000 ordinary shares of
$2 each .. .. .. 2,000

1,000 Paid-up capital-$1 per share
2,526 Reserves .. .. .. 3,145

4,145

$168,058

2173

1974
$000’s

Assets

7,969 Deposits at Bank of New Zealand .. 5,073
Investments—

New Zealand Government stock—

73,700 34 percent special .. .. 84,300
38,966 Other .. .. .. 34,478
10,669 Local authority securities .. 10,246

129,024

33,870 Mortgages and other loans .. 46,645
681 Australian Government securities 952
608 Other investments .. .. .. 479
1,595 Income accrued on investments .. 1,653

178,753

The redemption value of the
New Zealand Government stock
and local authority securities
appearing in the balance sheet is
$129,420,000 and the market value
$127,211,000.

The book values of securities
purchased at a discount or at a
premium are adjusted annually so
as to attain their redemption values
by maturity date.

$168,058

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31 MARCH 1975

1974
$000’s

Trading income—

Income from New Zealand Government
stock and local authority securities .. 5,352
2,253 Income from other investments .. 3,567
18 Other income .. .. .. 18

8,937

7,845

Less operating expenses—

4,880 Interest to depositors .. .. 5,230
1,632 Management and operating expenses .. 2,273

7,503

1,333 Net profit before taxation
602 Less provision for taxation

$731

Net profit after taxation

This income was distributed as follows—

150 Dividend paid .. .. .. .. 150
581 Transfer to reserve .. .. .. 619

$731

On behalf of the board:

L. N. ROSS, Director.
G. A. BROWN, Director.
B. H. SMITH, General Manager.

AUDITORS' REPORT TO MEMBERS OF BANK OF NEW ZEALAND
SAVINGS BANK LTD.

We have obtained all the information and explanations that we
have required. In our opinion proper books of account have been
kept by the company so far as appears from our examination of
those books. In our opinion, according to the best of our information
and the explanations given to us and as shown by the said
books, the balance sheet and the profit and loss statement are properly
drawn up so as to give respectively a true and fair view of the
state of the company’s affairs as at 31 March 1975, and of the
results of its business for the year ended on that date.

According to such information and explanations, the accounts,
the balance sheet, and the profit and loss statement give the information
required by the Companies Act 1955, in the manner so required.

HUNT DUTHIE & CO., Chartered Accountants.

Wellington, 7 May 1975.

2258

FRIENDLY SOCIETY REGISTERED

PURSUANT to section 16 of the Friendly Societies Act 1909,
the Flexopac Auckland Employees Credit Union with
registered office at Auckland is registered as a specially
authorised society under the Friendly Societies Act 1909.

Dated at Wellington this 15th day of September 1975.

O. D. GOOD, Registrar of Friendly Societies.

2442