Company Winding Up Notices and Financial Statement




6 AUGUST
THE NEW ZEALAND GAZETTE
2229

In the High Court of New Zealand
Wellington Registry

IN THE MATTER OF THE COMPANIES ACT 1955, AND IN THE MATTER
OF JOHN LEGGE’S DRAPERY LIMITED, a duly incorporated
company having its registered office at Wellington:

NOTICE is hereby given that a petition for the winding up of
the above-named company by the High Court was, on the
10th day of July 1981, presented to the said Court by R. W.
SAUNDERS LIMITED, a duly incorporated company having its
registered office at 145 Lichfield Street, Christchurch, and
carrying on business as clothing manufacturers; and that the
said petition is directed to be heard before the Court sitting
at Wellington on the 19th day of August 1981, at 10 o’clock
in the forenoon; and any creditor or contributory of the
said company desirous to support or oppose the making of
an order on the said petition may appear at the time of
hearing in person or by his counsel for that purpose; and a
copy of the petition will be furnished by the undersigned to
any creditor or contributory of the said company requiring
a copy on payment of the regulated charge for the same.

B. J. STONE, Solicitor for the Petitioner.

Address for Service: At the office of Venning, Brown and
Co., care of Messrs Bell, Gully and Co., P.O. Box 1291,
Wellington.

NOTE—Any person who intends to appear on the hearing of
the said petition must serve on, or send by post to, the above-
named, notice in writing of his intention so to do. The notice
must state the name, address, and description of the person,
or, if a firm, the name, address, and description of the firm,
and an address for service within 3 miles of the office of the
High Court at Wellington, and must be signed by the person
or firm, or his or their solicitor (if any), and must be served,
or, if posted, must be sent by post in sufficient time to reach
the above-named petitioner’s address for service not later
than 4 o’clock in the afternoon of the 18th day of August 1981.
3093

M. No. 270/81

In the High Court of New Zealand
Christchurch Registry

IN THE MATTER OF THE COMPANIES ACT 1955, AND IN THE MATTER
OF AIRAG INTERNATIONAL LIMITED:

EX PARTE—THE DISTRICT COMMISSIONER OF INLAND
REVENUE:

NOTICE is hereby given that a petition for the winding up of
the above-named company by the High Court was, on the
16th day of June 1981, presented to the said Court by the
DISTRICT COMMISSIONER OF INLAND REVENUE; and the said
petition is directed to be heard before the Court sitting at
Christchurch on the 26th day of August 1981, at 10 o’clock
in the forenoon; and any creditor or contributory of the
said company desirous to support or oppose the making of
an order on the said petition may appear at the time of
hearing in person or by his counsel for that purpose; and a
copy of the petition will be furnished by the undersigned
to any creditor or contributory of the said company requiring
a copy on payment of the regulated charge for the same.

N. W. WILLIAMSON, Solicitor for the Petitioner.

The address for service of the above-named petitioner is
at the office of the Crown Solicitor, Amuri Courts, 293 Dur-
ham Street, Christchurch.

NOTE—Any person who intends to appear on the hearing of
the said petition must serve, or send by post to, the above-
named, notice in writing of his intention so to do. The notice
must state the name, address, and description of the person,
or, if a firm, the name, address, and description of the firm,
and an address for service within 3 miles of the office of the
High Court at Christchurch, and must be signed by the person
or firm, or his or their solicitor (if any), and must be served,
or, if posted, must be sent by post in sufficient time to reach
the above-named petitioner’s address for service not later
than 4 o’clock in the afternoon of the 25th day of August 1981.
3091

WAİKATO SAVINGS BANK
FUNDS STATEMENT FOR THE YEAR ENDED 31 MARCH 1981

Source of Funds— 1981 1980
Deposit Increases $27,594 $14,873
Loan Repayments—
Mortgages 9,625 7,356
Personal loans 2,673 1,643
Local authority securities 437 497
Sales—
Local authority securities 1,018 852
N.Z. Government stock 2,494
Fixed assets 57
Net profit before tax 923 725
Non cash adjustments depreciation etc. 622 (123)
$45,443 $25,823

Investment of Funds—

| Mortgage advances | 15,045 | 16,690 |
| N.Z. Government stock | 11,197 | 4,865 |
| Local authority securities | 564 | 500 |
| Personal loans, overdrafts and visa advances | 6,057 | 2,281 |
| Fixed assets | 1,031 | 361 |
| Short term finance | 11,549 | 1,126 |
| | $45,443 | $25,823 |

PROFIT STATEMENT FOR YEAR ENDED 31 MARCH 1981

1981 1980
Total Income— $14,388 $10,383
Less Expenses 13,432 9,667
Operating profit 956 716
Loss on trading securities (55) (33)
Associated company share of profits 55
Less taxation applicable 33 42
Net profit before tax 923 725
Taxation over-provided prior year 15 314
Taxation provided current year (322)
Donations provided (70) (50)
Reserve fund changes 96 (350)
Reserve fund opening balance 2,060 1,743
Reserve fund balance $3,024 $2,060

BALANCE SHEET AS AT 31 MARCH 1981

Source of Funds— 1981 1980
Deposits in cheque accounts, savings accounts, payment service accounts, term investment, home and farm ownership accounts, etc. 141,258 113,665
Creditors 728 584
Provisions 428 407
Reserves 3,024 2,060
$145,438 $116,716

Investment of Funds—

| Cash in hand and on deposit | 19,437 | 8,003 |
| Debtors | 1,121 | 549 |
| New Zealand Government securities | 50,440 | 41,375 |
| Local authority securities | 1,225 | 2,087 |
| Mortgages | 64,297 | 58,876 |
| Personal loans, overdrafts and visa advances | 4,673 | 2,198 |
| Associated company | 202 | 188 |
| Fixed assets. | 4,043 | 3,440 |
| | $145,438 | $116,716 |

N. J. CLARKE, President.
S. R. MCROBIE, General Manager.

  1. Statement of Accounting Policies—The general accounting
    principles as recommended by the New Zealand Society of Ac-
    countants for the measurement and reporting of profit and financial
    position on an historical cost basis have been followed by the Bank.

The following particular accounting principles which materially
affect the measurement and reporting of profit and financial
position have been applied.



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✨ LLM interpretation of page content

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Winding up petition, Airag International Limited, Christchurch, District Commissioner of Inland Revenue
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