44
THE NEW ZEALAND GAZETTE
No. 1

Current liabilities—
Depositors’ accounts:
69,084,488 Ordinary .. .. 74,932,034
155,709 Thrift .. .. 173,507
150,463 Home layby .. .. 143,616
17,940,398 Investment .. .. 24,447,092
87,331,058 99,696,249
1,234,163 Other, including interest accrued on
depositors’ balances .. .. 1,529,999
88,565,221 Total current liabilities 101,226,248
$90,659,135 Contingent liability (note 2) $103,387,147

Assets
1975 $ 1976 $
Investments—
Public securities (note 1 and 3):
41,312,000 33% special .. 45,477,000
15,195,229 Other .. .. 17,752,026
3,746,144 Local authority .. 4,405,211
60,253,373 Mortgages and other loans .. 67,634,237
25,162,309 Total investments .. 95,292,110
85,415,682 Current assets—
4,573,634 Deposits at Bank of New South Wales .. 7,401,339
592,502 Other, including interest accrued on investments .. 675,977
77,317 Provisional tax overpaid .. 17,721
5,243,453 Total current assets .. 8,095,037
$90,659,135 $103,387,147

On behalf of the Board:
T. J. N. FOLEY, Director.
W. G. KENT, Secretary.

AUDITORS’ REPORT
The Members, Bank of New South Wales Savings Bank (N.Z.) Limited:
We have obtained all the information and explanations that we 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 statement of profit and unappropriated profits, together with the notes thereto, are properly drawn up so as to give respectively a true and fair view of the state of the company’s affairs as at 30 September 1976 and of the results of its business for the year then ended.
According to such information and explanations the accounts, the balance sheet, and the statement of profit and unappropriated profits give the information required by the Companies Act 1955 in the manner so required.
WILKINSON WILBERFOSS, Chartered Accountants.
18 October 1976, Wellington, New Zealand.

BANK OF NEW SOUTH WALES SAVINGS BANK (N.Z.) LIMITED
STATEMENT OF PROFIT AND UNAPPROPRIATED PROFITS—YEAR ENDED 30 SEPTEMBER 1976

1975 $ 1976 $
Expenses—
2,586,184 Interest to depositors .. 3,053,367
1,412,498 Management and operating expenses .. 1,645,887
5,000 Auditors’ remuneration .. 6,500
154,308 Income tax provided .. 136,534
188,600 Net profit for year .. 166,874
$4,346,590 $5,009,162

Appropriations—
893,914 Dividend paid .. 100,000
Transfer to general reserve .. 150,000
Unappropriated profits at end of year .. 810,899
$893,914 $1,060,899

1975 $ 1976 $
Income—
Income from investments—
2,490,291 New Zealand Government stock .. 2,827,293
1,663,218 and local authority securities .. 1,961,448
193,081 Mortgages and other loans .. 220,421
$4,346,590 $5,009,162

705,314 Unappropriated profits at beginning of year .. 893,914
188,600 Net profit for year .. 166,874
Overprovision for prior year’s taxes .. 111
$893,914 $1,060,899

NOTES TO FINANCIAL STATEMENTS
NOTE 1: Accounting policies—The general accounting principles (1) to (10) of the New Zealand Society of Accountants Statement for measurement and reporting of profit have been adopted by the company. The following particular accounting policy has been applied.
Valuation of assets: Public securities at cost adjusted annually for the proportion of discount or premium on purchase so as to attain redemption value by maturity date.
NOTE 2: Contingent liability—At 30 September 1976 the company was contingently liable for subsidies to home lay-by account holders in the amount of $4,136 (1975 $5,763).
NOTE 3: Public securities—The redemption value of these securities at 30 September 1976 amounted to $67,599,472 (1975 $60,210,409).

PETROLEUM PIPELINE REGULATIONS 1964
NOTICE OF APPLICATION
Notice is hereby given that, pursuant to the provisions of the Petroleum Act 1937, the undersigned has applied to the Minister of Mines for a pipeline authorisation to convey natural gas by pipeline from the existing Kapuni-New Plymouth pipeline to a proposed new metering station at Eltham.
Dated at New Plymouth this 16th day of December 1976.
For Natural Gas Corporation of New Zealand (applicant):
J. I. BARRELL, Distribution Engineer.

NEW ZEALAND FRIENDLY SOCIETIES ACT 1909
ADVERTISEMENT OF CANCELLING
Notice is hereby given that the Registrar of Friendly Societies has, pursuant to section 70 of the Friendly Societies Act 1909, by writing under his hand dated this 23rd day of December 1976, cancelled the registry of the Elizabeth Rebekah Lodge No. 95, branch of the Independent Order of Odd Fellows New Zealand Friendly Society.
O. D. GOOD, Registrar.

THE AUCKLAND MANUFACTURERS’ ASSOCIATION INCORPORATED
Take notice that the Auckland Manufacturers’ Association is registered as an industrial society in terms of the Industrial Societies Act 1908 and continues its operations under that Act.
J. WHATNALL, Director.

The adjusted weighted average sale price for the auction sale of wool held on 17 December 1976 at Invercargill was 232.87 cents per kilogram. The specified percentage for the sale and nationally for private buying of wool was, therefore, 8.13 percent. This specified percentage applied from midnight on 16 December 1976 until midnight on 19 December 1976.

The adjusted weighted average sale price for the auction sale of wool held on 20 December 1976 at Napier was 235.11 cents per kilogram. The specified percentage for the sale and nationally for private buying of wool is, therefore, 8.35 percent. This specified percentage applies from midnight on 19 December 1976 until midnight on 11 January 1977.