21 SEPTEMBER
THE NEW ZEALAND GAZETTE
2797

SCHEDULE

ALL those pieces of land situated in the City of Christchurch, containing a total of 11 square metres or thereabouts, being parts of Rural Section 239, and being parts of the land described in certificate of title, Volume 18, folio 265 (Canterbury Registry), as the same is shown marked “A” and “B” on Survey Office Plan 14912.

The above description refers to a triangular shaped piece of land measuring 0.7 metre wide at the south end tapering to 0.00 metre at the north end in a distance of 31.42 metres, and is situated on the east side of Strickland Street adjoining 206 Strickland Street.

A copy of the plan depicting the area may be inspected at the Housing and Property Division of the Department of City Administration, 194 Manchester Street, Christchurch, during normal business hours.

J. H. GRAY, General Manager and Town Clerk.

5121

CARTER TRUST AMENDMENT BILL 1979

NOTICE is hereby given that The Carter Society Incorporated, of Carterton, intends to apply for leave to bring into the House of Representatives at the forthcoming session a private bill entitled “An Act to Amend the Carter Trust Act 1961”.

The objects of the said Bill are to amend the Carter Trust Act 1961 so as to enable the Public Trustee to include in any leases of Carter Trust lands hereafter granted or renewed, a provision for the review of the yearly rental payable thereunder, at periodic intervals during the term or any renewed term of such lease in accordance with the provisions of the Public Bodies Leases Act 1969.

The promoter of the Bill is the Carter Society Incorporated, of Carterton, whose address is care of Major, Gooding and Wollerman, Solicitors, Broadway, Carterton, to which address all communications and notices may be sent and at which address a copy of the Bill may be inspected.

Dated this 2nd day of May 1979.

MAJOR, GOODING AND WOLLERMAN,
Solicitors for the Promoters.

1447

BANK OF NEW ZEALAND SAVINGS BANK LIMITED
DEPOSITS GUARANTEED BY BANK OF NEW ZEALAND
BALANCE SHEET AS AT 31 MARCH 1979
($000)

Liabilities

Depositors’ balances, including interest credited—

Ordinary accounts .. .. 219,961
Thrift accounts .. .. 1,299
Home lay-by accounts .. .. 143
Investment accounts .. .. 104,429

Provision for taxation—current .. .. 111
Other liabilities—
Owing to parent company .. .. 6,842
Other—including interest accrued .. .. 6,670

Provision for taxation—Deferred .. .. 1,489
Shareholders’ Funds
Authorised and issued capital—
1 000 000 Ordinary Shares of $2 dollars each .. .. 2,000
Paid-up capital—$1 dollar per share .. .. 1,000
Reserves .. .. 6,768

Assets

Deposits at Bank of New Zealand .. .. 8,802
Investments—
New Zealand Government stock—
3.75% special .. .. 93,190
Other .. .. 73,032
Local authority securities .. .. 12,206
Mortgages and other loans .. .. 155,984
Australian Government securities .. .. 512
Other Australian investments .. .. 1,467
Income accrued on investments .. .. 3,390
Provisional tax overpaid .. .. 129

The redemption value of the New Zealand Government stock and local authority securities appearing in the balance sheet is $181,589,000 and the market value $170,203,000.

The book values of securities purchased at a discount or at a premium are adjusted annually so as to attain their redemption value by maturity date.

$348,712 $277,939

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31 MARCH 1979
($000)

Trading Income—
Income from New Zealand Government Stock and local authority securities .. .. 10,044
Income from other investments .. .. 12,591
Other income .. .. 119

Less operating expenses—
Interest to depositors .. .. 12,867
Management and operating expenses .. .. 6,973

Net profit before taxation .. .. 2,914
Less provision for taxation .. .. 1,366

Net profit after taxation .. .. 1,548

This income was distributed as follows:
Dividend paid .. .. 200
Transfer to reserve .. .. 1,348

On behalf of the board:

L. N. ROSS, Director.
H. H. PARATA, Director.
B. H. SMITH, General Manager.

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 1979, 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 AND CO., Chartered Accountants.
Wellington, 11 May 1979.