3310
THE NEW ZEALAND GAZETTE
No. 132

SCHEDULE—continued

Full Name Address for Service Occupation Number of Units in Partnership Amount Contributed to Common Stock of Partnership
Warwick Wills 28 Pineridge Terrace, Takapuna, Auckland Clerk 2 1,000
George Alex Winch 14 Hampton Court, 615-7 Remuera Road, Remuera Investor 6 3,000
Beatrice Bertha Marion Wing 122 Princes Street West, Pukekohe Married woman 6 3,000
Norman Barclay Wing 122 Princes Street West, Pukekohe Retired 1 500
Patricia Edna Worth 29 Pah Road, Howick, Auckland Married woman 2 1,000
Aileen Ida May Wright Coopers Beach, R.D. 3, Kaitaia Married woman 6 3,000
Edwin Richard Wright 14 Hadfield Terrace, Wellington 5 Professional engineer 22 11,000
Jean Isabel Wright 77A Landscape Road, Mount Eden, Auckland 4 Married woman 7 3,500
Muriel Mia Wright 14 Hadfield Terrace, Wellington 5 Retired 6 3,000
Wilfred Wright 14 Hadfield Terrace, Wellington 5 Retired 12 6,000
John Leonard Wyatt P.O. Box 1, Leigh Farmer and sawmiller 4 2,000
Kelvyn George Wyatt P.O. Box 1, Leigh Farmer and sawmiller 4 2,000
3693

BANK OF NEW ZEALAND SAVINGS BANK LIMITED
DEPOSITS GUARANTEED BY BANK OF NEW ZEALAND
BALANCE SHEET AS AT 31 MARCH 1980

Liabilities 1980 1979
($000) ($000)
Depositors’ balances, including interest
Ordinary accounts 214,045 219,961
Thrift accounts 92 1,299
Home lay-by accounts — 143
Investment accounts 141,606 104,429
356,820 325,832
Provision for taxation—current
Owing to parent company 8,625 6,842
Other—including interest accrued 8,541 6,670
17,166 13,512
Provision for taxation—deferred 2,160 1,489
Shareholders’ Funds
Authorised and issued capital—
1,000,000 ordinary shares of $2 each 2,000 2,009
Paid-up capital—$2 per share 2,000 1,000
Reserves 8,198 6,763
10,198 8,772
$386,883 $348,712

Assets 1980 1979
($000) ($000)
Deposits at Bank of New Zealand 15,144 8,802
Investments—
New Zealand Government Stock—
3.75% special 62,490 93,190
Other 108,848 73,032
Local authority securities 12,454 12,206
183,792 178,428
Mortgages and other loans 180,140 155,984
Australian Government securities 1,052 512
Other Australian investments 1,995 1,467
Income accrued on investments 4,760 3,390
Provisional tax overpaid — 129
187,947 160,582
$386,883 $348,712

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31 MARCH 1980

Trading Income— 1980 1979
($000) ($000)
Income from New Zealand Government stock and local authority securities 13,115 10,044
Income from other investments 18,101 12,591
Other income 67 119
31,283 22,754
Less Operating Expenses—
Interest to depositors 18,316 12,867
Management and operating expenses 8,761 6,973
27,077 19,840
Net profit before taxation 4,206 2,914
Less provision for taxation 1,976 1,366
2,230 1,548

This Income was distributed as follows:
Dividend paid 800 200
Transfer to Reserve 1,430 1,348
$2,230 $1,548

On behalf of the Board:
L. N. ROSS, Director.
G. A. CHAPMAN, Director.
W. J. SHAW, 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 1980, 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, 12 May 1980.

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

NOTE 1—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 to 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.

NOTE 2—NEW ZEALAND GOVERNMENT AND LOCAL BODY SECURITIES

The redemption value of the New Zealand Government stock and local authority securities appearing in the balance sheet is $189,916,000 and the market value $169,083,000.

Securities purchased at a discount or at a premium are adjusted annually so as to attain their redemption value by maturity date.
3260

NEW ZEALAND TRADE UNIONS ACT 1908
ADVERTISEMENT OF CANCELLING

Notice is hereby given that the Registrar of Friendly Societies has, pursuant to section 20 of the Trade Unions Act 1908, by writing under his hand dated this 18th day of September 1980, cancelled the registry of the Taranaki District Boilermakers Structural Metal Fabricators and Assemblers Metal Ship and Bridge Builders’ Union of Workers, at the request of the trustees of the trade union.

K. M. PRISK, Registrar of Friendly Societies.
3769