21 SEPTEMBER
THE NEW ZEALAND GAZETTE
2641

NEW ZEALAND WOOL BOARD

The Adjusted Weighted Average Sale Price for the auction sale of wool held on 8 September 1978, at Dunedin, was 204.34 cents per kilogram.

The Government supplementary minimum floor price percentage produced by this A.W.A.S.P. is less than one half of one percent, and there is therefore no supplement payable until further notice.

New Zealand Wool Board, Stabilisation Department.

4207

In the matter of the Companies Act 1955, and in the matter of A. M. BISLEY AND CO. LTD.:

NOTICE is hereby given that the order of the Supreme Court, dated the 5th day of September 1978, confirming that the action of the company resolved in the special resolution passed by the company on the 25th day of August 1978, whereby the company is permitted to reduce its capital from $5,000,000 to $4,550,000 subject to the following terms and conditions:

(i) That the company may not vary or revoke part only of paragraph (iii) of such special resolution without the prior approval of the Court; and

(ii) That so long as any part of the sum of $301,084 standing to the credit of the share premium account of the company remains undistributed, the accounts of the company shall be noted to show:

(a) The existence of the said special resolution and what part of the said sum remains undistributed but still subject to the said special resolution as at the dates to which those accounts are made up;

was registered by the Registrar of Companies on 12 September 1978.

Dated at Hamilton this 15th day of September 1978.

H. J. PATON, Assistant Registrar of Companies.

4231

EASTERN AND CENTRAL SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1978

Depositors’ balances—

Add—accrued interest on Investment Accounts and Housing Bonds

| | 584,929 | 470,290 |

| | 59,427,528 | 51,172,305 |

Less—items in transit

| | 1,779,754 | 994,327 |

| Total liability to depositors | 57,647,774 | 50,177,978 |

Other liabilities—

| Owing to other Trustee Banks | | 75,509 |
| Housing Corporation—supplementary loan | 4,450 | 1,000 |
| Accounts payable | 95,399 | 64,352 |
| Mortgages | 262,000 | 325,600 |
| Commissioner of Inland Revenue | 61,174 | 33,156 |

| Total other liabilities | 423,023 | 499,617 |

Provision for deferred taxation (see note 1 c) | 274,222 | 212,236 |

Provision for donations | 30,000 | 20,000 |

General reserve fund | 1,088,582 | 808,470 |

Special reserve—personal loans | 2,066 | 1,406 |

| | 59,465,667 | 51,719,707 |

Current assets—

| Total current assets | 5,696,361 | 2,838,845 |

Investments (see notes 1e and 2)—

| New Zealand Government stock | 22,292,433 | 22,983,135 |
| Local authority securities | 239,299 | 190,851 |
| Mortgages | 29,347,873 | 24,018,846 |
| Personal loans | 704,499 | 518,055 |
| Less interest (unearned) | 83,735 | 620,764 |
| | | -46,347 |

| Total Investments | 52,500,369 | 47,664,540 |

Fixed assets at cost less depreciation (see notes 1, 3, and 4)—

| Land and buildings | 799,222 | 728,378 |
| Leasehold improvements | 56,171 | 55,201 |
| Furniture and fittings | 61,462 | 61,392 |
| Office machinery | 216,032 | 196,281 |
| Data capturing equipment—landing charges | 24,211 | 27,821 |
| Security equipment | 29,638 | 30,942 |
| Motor vehicles | 29,407 | 23,977 |
| Medal and coin collection | 6,340 | 6,330 |

| | 1,222,483 | 1,130,322 |

Prepayment—data capturing equipment | 46,454 | 86,000 |

| | 59,465,667 | 51,719,707 |

EASTERN AND CENTRAL SAVINGS BANK

REVENUE ACCOUNT YEAR ENDED 31 MARCH 1978

Interest to depositors—

| | 2,082,535 | 1,721,900 |

Administration Expenses

| | 1,839,252 | 1,588,691 |

Trustees’ Honoraria

| | 5,172 | 5,296 |

Depreciation

| | 78,956 | 69,885 |

Provision for Taxation

| | 243,544 | 131,229 |

Tax paid profit (carried down)

| | 310,017 | 180,060 |

| | 4,559,476 | 3,697,061 |

Interest on investments—

| | 4,393,469 | 3,555,248 |

Income from other sources

| | 166,007 | 141,813 |

| | 4,559,476 | 3,697,061 |