1874

THE NEW ZEALAND GAZETTE

No. 71

as at 31 March 1977, and of the results of its business for the year ended on that date, in conformity with generally accepted accounting principles and applied on a basis consistent with that of the preceding year.

HENDERSON, ADAM & CO., Auditors.

W. T. ADAM, F.C.A.
P. D. ADAM, B.COM., A.C.A.

10 May 1977.

NOTES TO THE ACCOUNTS

Statement of Accounting Policies: The general accounting principles recommended by the New Zealand Society of Accountants for the measurement and reporting of results on an historical basis have been adopted in the preparation of the financial statements. The particular accounting principles which the Bank considers appropriate for the measurement of profit and financial position are detailed below.

1. Revenue:
   (a) Interest accrued on investments has been taken into account.
   (b) Personal Loans—The “Rule of 78” has been used in determining interest earned.

2. Depreciation: Calculation has been made on basis of Inland Revenue Department rates. First year depreciation and special depreciation have been claimed where applicable. Straight line basis for calculation of depreciation has not been adopted as it is considered the difference in the amount of depreciation would not be material.

3. New Zealand Government Stock: In accordance with established policy New Zealand Government stock has been shown at face value. Prior to 1 April 1975 certain parcels of New Zealand Government stock were purchased at a discount.

4. Taxation: No provision has been made for “deferred taxation”.

ATTACHMENT TO BALANCE SHEET

Government Stock Reconciliation

Cost price .. .. .. .. .. .. .. 28,566,802
Add capital gain on purchase .. .. 79,291

                          28,646,093

National Savings Securities

New Zealand Government stock purchased at par.

BULLETIN No. 104

A Statistical Study of Linen Flax Crop Records. By G. M. Wright. Price 25c.

BULLETIN No. 105

List of New Zealand Polychaetes. Based on the manuscript of the late Sir William Benham. By MARION L. FYFE. Price 50c.

BULLETIN No. 107

An Ecological Study of Tussock Grasslands, Hunter’s Hills, South Canterbury. By A. P. BARKER. Price 60c.

BULLETIN No. 108

Plant Virus Diseases in New Zealand. By E. E. CHAMBERLAIN. Price: Quarter-cloth, $1.50; full cloth, $2.

BULLETIN No. 109

A Catalogue of the Thynninae (Tiphiidae, Hynunaptera) of Australia and Adjacent Areas. By B. B. GIVEN. Price 60c.

BULLETIN No. 110

Evaluation of Exterior House Paints by Panel Tests. By G. CHAMBERLAIN. Price 65c.

BULLETIN No. 111

The Storage of Apples and Pears. By C. A. S. PADFIELD. Price $2.70.

BULLETIN No. 112

Dairy-farm Survey of Waipa County, 1940-41 to 1949-50. By J. B. HUTTON. Price 65c.

Price 90c

BY AUTHORITY: E. C. KEATING, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1977

BULLETIN No. 113

The Academic Record of Science Students in the University of New Zealand. By I. D. DICK, R. M. WILLIAMS, and DERMOT STRAKER. Price 65c.

BULLETIN No. 114

Diseases and Pests of Peas and Beans in New Zealand, and Their Control. By R. M. BRIEN, E. E. CHAMBERLAIN, and Others. Price 95c.

BULLETIN No. 116

A Manual of the Spores of New Zealand Pteridophyta. By W. F. HARRIS. Full bound. Price $2.30.

BULLETIN No. 117

Geothermal Steam for Power in New Zealand. Compiled by L. J. GRANGE, 102 pages, plus 4 maps. Illustrated. Price $1.50.

BULLETIN No. 118

Shipment of Chilled Beef 1952. By H. H. LAW and N. W. VERE-JONES. Price: Quarter-cloth, $1; paper cover, 75c.

BULLETIN No. 119

An investigation into the Manufacture of Fused Calcium-Magnesium Phosphate Fertiliser in New Zealand. By W. M. BILLINGHURST and W. S. NICHOLSON. Price 25c.

BULLETIN No. 122

General Account of the Chatham Islands 1954 Expedition. By G. A. KNOX. Price $1.25.

CONTENTS

ADVERTISEMENTS ................................................ 1857
APPOINTMENTS .................................................. 1809
BANKRUPTCY NOTICES ............................................ 1855
DEFENCE NOTICE ................................................ 1808
LAND TRANSFER ACT: NOTICES .................................... 1855
MISCELLANEOUS—
Animals Act: Notice ......................................... 1828
Broadcasting Act: Notice ...................................... 1847
Climatological Table: Notice .................................. 1807
Corrigendum: Notice ........................................... 1828
Counties Act: Notice .......................................... 1827
Customs Tariff: Notices ....................................... 1834
Dairy Board Act: Notice ....................................... 1817
Electricity Act: Notices ...................................... 1828
Electrical Wiring Regulations: Notice .......................... 1815
Forests Act: Notice ........................................... 1810
Food and Drug Act: Notice ..................................... 1818
Harbours Act: Notice .......................................... 1815
Import Control Regulations: Notices ........................... 1816, 1817
Land Act: Notice .............................................. 1815
Land and Income Tax Act: Notice ............................... 1851
Local Authorities Loans Act: Notice ........................... 1828
Maori Affairs Act: Notices ................................... 1826
Marriage Act: Notices ......................................... 1810, 1816
Motor Launch Regulations: Notice .............................. 1826
National Roads Board: Notice .................................. 1823
Plant Varieties Act: Notice ................................. 1816
Post Office Act: Notice ....................................... 1811
Public Bodies Leases Act: Notice .............................. 1816
Public Trust Office Act: Notices .............................. 1832
Regulations Act: Notice ....................................... 1814, 1815
Reserves and Domains Act: Notice .............................. 1827
Reserve Bank of New Zealand Act: Notice ....................... 1828
Royal Society of New Zealand Act: Notice ...................... 1818
Sale of Liquor Act: Notices ................................... 1833
Schedule of Contracts: Notices ............................... 1810
Social Welfare Act: Notice .................................... 1815
Transport Act: Notice ......................................... 1807

PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS ............... 1807