2 SEPTEMBER 2897
THE NEW ZEALAND GAZETTE

privately sold wool from and including the 27th day of
August 1982 until midnight on the day before the next auction
sale to be held.

Dated this 30th day of August 1982.

A. J. N. ARTHUR, Levies Administration Manager.

9545

NEW ZEALAND WOOL BOARD

PURSUANT to regulation 15 of the Wool Industry Regulations
1978, notice is hereby given that the Adjusted Weighted
Average Sale Price for the sale held on 26 August 1982 at
Timaru was 255.15 cents per kilogram (greasy basis).

As this price is below the Government's supplementary
minimum wool price of 320 cents per kilogram (greasy basis),
the specified percentage for supplementation will be 25.4
percent for all wool sold at auction and nationally for
privately sold wool from and including the 26th day of
August 1982 until midnight on the day before the next auction
sale to be held.

Dated this 30th day of August 1982.

A. J. N. ARTHUR, Levies Administration Manager.

9546

THE BUILDING SOCIETIES ACT 1965

NOTICE OF ADJOURNED MEETING

THE Registrar of Building Societies has directed that the
hearing of the application by the Northern United Building
Society to have a union with the Canterbury Building Society
confirmed under the provisions of section 34 (3) of the
Building Societies Act 1965 be adjourned from the 3rd day
of September 1982 to the 13th day of September 1982 when
it will be held in the Boardroom of the Government Life
Insurance Office Building, 50–64 Customhouse Quay, Wellington.

K. M. DOODY, Deputy Registrar.

9548

THE BUILDING SOCIETIES ACT 1965

NOTICE OF ADJOURNED MEETING

THE Registrar of Building Societies has directed that the
hearing of the application by the Canterbury Building Society
to have a union with the Northern United Building Society
confirmed under the provisions of section 34 (3) of the
Building Societies Act 1965 be adjourned from the 3rd day
of September 1982 to the 13th day of September 1982 when
it will be held in the Boardroom of the Government Life
Insurance Office Building, 50–64 Customhouse Quay, Wellington.

K. M. DOODY, Deputy Registrar.

0549

OTAGO SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1982

Depositors’ accounts—
Ordinary accounts .. 52,290,477
Thrift accounts .. 631,368
Special purpose accounts .. 9,346,663
Home lay-by accounts .. 8,449
Home and farm ownership accounts 5,506,304
67,783,261
Investment accounts, term deposits
and housing bonds .. 95,482,250

Total liability to depositors 163,265,511

National savings accounts—
Add interest suspense accounts 1,185
50,277

Other liabilities—
Interest accrued on investment
accounts and term deposits .. 4,816,325
Sundry creditors .. 516,225

Total other liabilities .. 5,332,550
Provision for donations .. 100,000
Provision for deferred taxation 1,499,762
Provision for current taxation 17,967
Reserve fund .. 5,253,308

                             $175,519,375

Current assets—
Cash on hand and at bank .. 1,735,876
Fixed deposits .. 6,413,000
Interest accrued on investments 3,781,456
Sundry debtors .. 203,518
Personal advances .. 1,022,076

Total current assets .. 13,155,926

Investments—
N.Z. Government stock .. 57,438,286
Local authority securities .. 7,125,379
Mortgages .. 87,000,277
Personal loans (less interest yet to
mature) .. 6,465,704
Shares in Allied Computer Processors Limited at cost 13,750

                             158,043,396

National Savings securities—
N.Z. Government stock at cost .. 49,092
Cash on hand and at bank .. 1,185

Total National Savings Securities 50,277
Fixed assets .. 4,269,776

                             $175,519,375

P. E. SHAND, President.
A. L. FLEURY, General Manager.

AUDITORS’ REPORT TO THE TRUSTEES OF THE OTAGO SAVINGS BANK

We have obtained all the information and explanations that we
have required. In our opinion proper accounting records have
been kept by the Bank so far as appears from our examination
of those records.

In our opinion, the financial statements give, using the historical
cost method, a true and fair view of the financial position of the
Bank at 31 March 1982, and the results of its operations and the
source and application of funds for the year ending on that date.

HUTCHISON HULL and Co.
GILFILLAN MORRIS and Co.
Chartered Accountants.

Dunedin, 10 May 1982.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1982

Interest on investments—
From New Zealand Government stock .. 5,123,874
From local authorities stock .. 1,213,383
From mortgages .. 11,064,724
From other sources .. 2,082,200
Income from other sources .. 618,699

                             $20,102,880

Interest to depositors—
On open accounts .. 1,620,041
Closed accounts, matured investment accounts and
term deposits .. 5,973,020
Accrued on investment accounts and term deposits 4,816,326

                             12,409,387

Administrative expenses .. 5,954,119
Trustees’ fees .. 28,750
Depreciation .. 219,576
Realised loss on sale of investments .. 100,373
Provision for taxation .. 616,115
Net profit carried down .. 774,560

                             $20,102,880

PROFIT AND LOSS APPROPRIATION ACCOUNT

Net profit brought down .. .. .. 774,560
$774,560
Provision for donations .. .. .. 100,000
Transfer to reserve .. .. .. 674,560
$774,560