1750 THE NEW ZEALAND GAZETTE No. 56

PETROLEUM PIPELINE REGULATION 1964

Notice is hereby given that, pursuant to the provisions of the Petroleum Act 1937, the undersigned has applied to the Minister of Energy for a pipeline authorisation to convey Natural Gas by pipeline from an existing Metering Station to a new Metering Station in Cutfield Street, Inglewood.

Dated at New Plymouth this 16th day of June 1978.

J. I. BARRELL, Distribution Engineer, for Natural Gas Corporation of New Zealand Ltd., Applicant.
4000

WELLINGTON SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1978

Interest to depositors— $
On open accounts 655,463
Closed accounts and matured investment accounts 383,068
Accrued on investment accounts 349,813
Home lay-by accounts—suspensory free deposits.. 959
Sub-total 1,389,303
Administrative expenses 1,517,526
Trustees' honoraria 4,200
Depreciation 70,970
Provision for taxation 86,020
Net profit—carried down 83,617
$3,151,636

Interest on investments—
From New Zealand Government stock .. 1,031,311
From local authorities stock .. 18,422
From mortgages .. 1,594,135
From other sources .. 316,833
Sub-total 2,960,701
Income from other sources 190,935
$3,151,636

APPROPRIATION ACCOUNT

Provision for donations 500
Provision for deferred taxation 20,000
Transfer to reserve 63,552
$84,052

Net profit, brought down .. 83,617
Provision for donations 1977 reversal 435
$84,052

BALANCE SHEET AS AT 31 MARCH 1978

                            $       $

Depositors' accounts—
Ordinary accounts 29,002,081
Special accounts (detail) .. ..
Sub-total 29,002,081
Investment accounts 10,789,521
Total liability to depositors 39,791,602
National savings accounts ..
Add interest suspense account ..
Sub-total ..
Other liabilities—
Interest accrued on investment ac-
counts 349,813
Mortgages 130,440
Owing to other trustee banks ..
Remittances in transit ..
Staff provident fund ..
Sundry creditors 95,051
Other (detail) term loan 235,000
Total other liabilities 810,304
Provision for donations 500
Provision for taxation 202,670
Special appropriations of reserves—
Reserve fund 260,936
$41,066,012

Current assets—
Cash on hand and at bank 343,229
Fixed deposits 2,728,888
Interest accrued on investments 235,761
Owing by other trustee savings banks ..
Prepayment ..
Remittances in transit ..
Sundry debtors 66,806
Total current assets 3,374,684
Investments—
N.Z. Government stock .. 16,244,353
Local authority securities .. 154,649
Mortgages 20,473,359
Personal loans 331,606
Total ordinary investments 37,203,967
National Savings Securities—
New Zealand Government stock ..
Cash on hand and at bank ..
Total national savings securities ..
Fixed assets—
Cost Depn. Book
Price to Date Value
Land and buildings 240,396 20,887 219,509
Vehicles, equipment,
furniture, etc. 390,385 165,633 244,752
Improvements to lease-
hold premises 95,089 51,989 43,100
Total fixed assets 487,361
$41,066,012

LEONARD A. HADLEY, K.P., J.P. President.
J. W. BROWN, General Manager.

We report that we have audited the books and accounts of the Wellington Savings Bank for the year ended 31 March 1978, and have received all the information and explanations we have required.

In our opinion, the accompanying balance sheet and statement of profit and loss presents fairly the financial position of the bank at 31 March 1978 and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.

HUTCHISON HULL & CO., Chartered Accountants.
1866

WANGANUI SAVINGS BANK

PROFIT AND LOSS ACCOUNT

Interest to depositors— $
On open accounts 410,177
Closed accounts and matured investment accounts 392,516
Accrued on investment accounts 161,205
Home lay-by accounts ..
Sub-total 963,898
Administrative expenses 890,524
Trustees honoraria 6,633
Depreciation 25,429
Provision for taxation 44,920
Nett profit, carried down 79,755
$2,011,159

Interest on investments—
From New Zealand Government stock .. 592,044
From local authorities stock .. 19,990
From mortgages .. 1,054,680
From other sources .. 220,724
Sub-total 1,887,438
Income from other sources— 123,721
$2,011,159

APPROPRIATION ACCOUNT

1976–77 taxation under-provided 334
Provision for donations 16,000
Provision for loss on sale of statutory investment 21,762
Transfer to reserve 41,659
$79,755

Net profit, brought down .. 79,755
$79,755