2696
THE NEW ZEALAND GAZETTE
No. 82

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31 MARCH 1978
($000)

Trading income—
Income from New Zealand Govern-
ment stock and local authority
securities .. 8,151 7,341
Income from other investments .. 8,420 6,552
Other income .. 49 27
———— ————
16,620 13,920

Less operating expenses—
Interest to depositors .. 9,968 8,559
Management and operating expenses .. 4,484 3,743
———— ————
14,452 12,302

Net profit before taxation .. 2,168 1,618
Less provision for taxation .. 1,008 751
———— ————
Net profit after taxation .. 1,160 867

This income was distributed as follows:
Dividend paid .. 200 200
Transfer to reserve .. 960 667
———— ————
1,160 867

AUDITORS’ REPORT TO MEMBERS OF BANK OF NEW ZEALAND SAVINGS BANK LIMITED

We have obtained all the information and explanations that we have 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 profit and loss statement are properly drawn up so as to give respectively a true and fair view of the state of the company’s affairs as at 31 March 1978, and of the results of its business for the year ended on that date.

According to such information and explanations, the accounts, the balance sheet and the profit and loss statement give the information required by the Companies Act 1955, in the manner so required.

HUNT DUTHIE & Co., Chartered Accountants.
Wellington, 12 May 1978.

NOTES TO THE ACCOUNTS OF BANK OF NEW ZEALAND SAVINGS BANK LIMITED

Statement of Accounting Policies

General Accounting Principles—The reports of Bank of New Zealand Savings Bank Limited have been prepared on an historical cost basis.

Tax Allocation—The charge against income for taxation is the estimated liability in respect of the accounting profit reported for the year. The net effect of timing differences between net income recognised for accounting purposes and for taxation purposes has been allowed for in the provision for deferred taxation.

Conversion of Foreign Currencies—Figures in the accounts are expressed in New Zealand currency. Rates used in conversion are those current at balance date.

GENERAL PUBLICATIONS

A GUIDE TO ENVIRONMENTAL LAW IN NEW ZEALAND.

The 157-page book, “A Guide to Environmental Law in New Zealand”, is a quick and easy source of reference on statutes and other sources of environmental control, administering authorities and public rights. It is the first time legislation covering environmental matters has been gathered together.

Prepared by the Commission For The Environment.

Price $2.50.

Available now from your local GOVERNMENT BOOKSHOP AND LEADING BOOKSELLERS.

CONTENTS

ADVERTISEMENTS ................................... 2681
APPOINTMENTS .................................... 2649
BANKRUPTCY NOTICES ............................... 2679
LAND TRANSFER ACT: NOTICES ....................... 2679
MISCELLANEOUS—
Broadcasting Act: Notice ...................... 2660
Corrigendum ................................. 2645
Education Boards’ Administration Regulations: Notice ................................. 2663
Commerce Act: Notice .......................... 2664
Customs Tariff: Notices ...................... 2666
Forests Act: Notice .......................... 2656
Honey Marketing Authority: Notice ............ 2665
Hop Marketing Regulations: Notice ............ 2662
Local Authorities Loans Act: Notices .......... 2659
Local Government Act: Notice .................. 2636
Maori Land Court: Notice ..................... 2675
Marriage Act: Notices ....................... 2649, 2657
Meat Export Prices Act: Notice ............... 2665
National Roads Act: Notices .................. 2663
New Zealand - Australia Free Trade Agreement: Notice ................................. 2658
New Zealand Geographic Board Act: Notice ...... 2675
Pork Marketing Board Regulations: Notice ...... 2664
Post Office Act: Notice ...................... 2657
Public Works Act: Notices .................... 2650
Regulations Act: Notice ...................... 2665
Reserve Bank: Statements ..................... 2677
Social Security Act: Notice .................. 2657
Transport Act: Notice ........................ 2665

PROCLAMATION, ORDERS IN COUNCIL, AND WARRANTS .... 2645

THE NEW ZEALAND GAZETTE

The New Zealand Gazette is published on Thursday evening of each week, and notices for insertion must be received by the Government Printer before 12 o’clock of the day preceding publication.

Advertisements are charged at the rate of 20c per line.

All advertisements should be written on one side of the paper, and signatures, etc., should be written in a legible hand. The number of insertions required must be written across the face of the advertisement.

Price 70c
BY AUTHORITY: E. C. KEATING, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1978