29 JULY
THE NEW ZEALAND GAZETTE
1781

(a) A uniform consolidated special (No. 1) rate of one decimal seven eight five (1.785) cents in the dollar ($1) upon the annual rateable value of all rateable property within the borough of One Tree Hill is hereby made an annually recurring rate for the purpose of paying the annual charges plus 10 percent (10%) thereof, payable in respect of the loans secured by the special rates set out in the First Schedule.

(b) A uniform consolidated special (No. 2) rate of decimal six five (0.65) cents in the dollar ($1) upon the annual rateable value of all rateable property within the No. 3 Special Rating Area (Penrose) constituted for the said special rating area as more particularly defined in the authenticated special rating list for that area, is hereby made an annually recurring rate for the purpose of paying the annual charges plus 10 percent (10%) thereof, payable in respect of the loans secured by those special rates set out in the Second Schedule.

And the One Tree Hill Borough Council hereby further resolves that the consolidated special rates, set out above, shall be payable in one sum on the first day of April in each year at the Council Office, 272 Manukau Road, Epsom, to Brian William Archer, or at such other place or to such other person for the time being authorised by Council.

FIRST SCHEDULE

Loan
Amount of Special Rate in £ (in pence)

Great South Road Widening Loan 1952, $22,000
Great South Road Loan $116,000 (tram track removal)
Second Issue $28,000; Third Issue $24,000; Fourth Issue $20,000 (Manukau Road)

2.12d

Ellerslie and One Tree Hill Stormwater Drainage Loan $550,000

Amount of Special Rate in $ (in cents)

0.5505

Joint Special Loan (One Tree Hill share $306,000)
Stormwater Drainage Loan 1970, $860,000
Stormwater Drainage Loan 1973, $640,000
Ellerslie and One Tree Hill Stormwater Redemption Loan No. 1, 1976, $38,930
Ellerslie and One Tree Hill Stormwater Redemption Loan, No. 2, 1976, $12,600

1.61427
0.928
0.024
0.009

SECOND SCHEDULE

Loan
Amount of Special Rate in £ (in pence)
Amount of Special Rate in $ (in cents)

Sanitary Sewer Reticulation Loan 1961, $780,000

20.25d

Sanitary Sewer Reticulation Redemption Loans

No. 1, 1971, $24,400
No. 2, 1971, $16,000
No. 3, 1971, $27,000
No. 4, 1971, $16,000
No. 5, 1972, $8,000
No. 6, 1974, $16,000
No. 7, 1974, $16,000
No. 8, 1975, $16,000
No. 9, 1976, $15,500

0.08908
0.0595
0.1001
0.0595
0.0275
0.0477
0.0477
0.026
0.026

Confirming Resolution Passed at Meeting Held on Tuesday, 27 July 1976:

That the special order, passed and adopted at a meeting of the Council held on Tuesday, 29 June 1976, and providing that, instead of levying the various separate special interest rates as specified in the First and Second Schedules thereto, Council make the uniform consolidated special rates set out in paragraphs (a) and (b) thereto, be, and is hereby confirmed and that the common seal of the corporation be affixed to the special order in the presence of His Worship the Mayor, Councillors B. F. K. Preddle, S. M. Weight, and the Town Clerk.

The Common Seal of the Mayor, Councillors, and Citizens of the Borough of One Tree Hill was hereunto affixed in the presence of:

J. M. DICKEY, Mayor.
B. F. K. PREDDLE, Councillor.
S. M. WEIGHT, Councillor.
B. W. ARCHER, Town Clerk.

[L.S.]
1953

In the matter of the Companies Act 1955, and in the matter of MAIR & COMPANY LTD., a duly incorporated company having its registered office at Christchurch:

Notice is hereby given that the order of the Supreme Court, dated the 9th day of July 1976, confirming the reduction of capital of the above-named company, by distribution of the share premium reserve account, was registered with the Registrar of Companies on the 21st day of July 1976.

Dated this 21st day of July 1976.

K. G. L. NOLAN, Solicitor for the Company.

WANGANUI SAVINGS BANK
REVENUE ACCOUNT FOR YEAR ENDED 31 MARCH 1976

Income—
New Zealand Government
stock .. .. 493,738 .. 461,744
Local authority stock .. 50,673 .. 46,460
Mortgages .. .. 611,808 .. 514,946
Personal loans .. .. 20,297 .. 17,652
Fixed and call deposits .. 96,721 .. 87,136
Total Investment Income .. 1,273,237 .. 1,127,938
Other Income—
Sundry Income .. .. 54,147 .. 27,376
Total Income .. .. 1,327,384 .. 1,155,314

Less Expenditure—
Interest on depositors’ accounts—
Savings—paid and credited .. 378,108 .. 347,336
Investment—paid and accrued .. 263,854 .. 213,705
Total Interest .. .. 641,962 .. 561,041
Other expenses—
Audit fees .. .. 3,600 .. 3,360
Depreciation .. .. 22,151 .. 22,921
Management and staff expenses .. 396,944 .. 351,160
General operating expenses .. 109,214 .. 91,715
Office equipment expenses .. 51,560 .. 51,660
Promotional expenses .. .. 19,256 .. 14,704
Property expenses .. .. 23,297 .. 8,852
Trustees fees .. .. 3,965 .. 3,169
Total other expenses .. .. 629,987 .. 547,521
Total expenditure .. .. 1,271,949 .. 1,108,562
Net profit before taxation .. 55,435 .. 46,752
Income taxation .. .. 13,614 .. 9,403
Net profit after taxation .. 41,821 .. 37,349

APPROPRIATION ACCOUNT

1976
$ 1975
$

Net profit from revenue account .. 41,821 37,318
Under provision for taxation 1973/74 .. 31
Provision for donations .. 12,100 12,100
Provision for loss on sale of statutory investments .. 21,762 27,477
Balance to reserve fund .. .. 7,959 (2,259)

BALANCE SHEET AS AT 31 MARCH 1976

Depositors’ accounts—
$ 1976
$ 1975
$

Savings .. .. 14,051,481 .. 12,898,623
Personal cheque .. .. 364,537 .. 160,234
Investment accounts .. 5,527,519 .. 4,366,664
Accrued interest .. .. 76,783 .. 59,169
Total liability to depositors .. 20,020,320 17,684,690

Current liabilities—
Owing to other trustee savings banks .. 8,304 .. 24,952
Sundry creditors .. .. 29,543 .. 38,106
Provision for donations .. 11,800 .. 12,100
Provision for taxation .. 14,119 .. —
Mortgages .. .. 3,100 .. 3,100
Total current liabilities .. 66,866 .. 78,258

Other liabilities—
Mortgages .. .. 115,225 .. 118,325
Provision for future taxation .. 74,166 .. 75,140
Total other liabilities .. 189,391 .. 193,465

Reserve fund—
Balance at 31 March 1975 .. 183,737 .. 187,954
Add balance of appropriation account .. 7,959 .. (2,259)

191,696 .. 185,695

Less loss on realisation of assets .. — .. 1,957

191,696 .. 183,738

Add unexpired Government stock .. 9,253 .. 10,085

Balance at 31 March 1976 .. 200,949 .. 193,823
Property revaluation .. 133,934 .. 133,934

334,883 .. 327,757
20,611,460 18,284,170