18 AUGUST
THE NEW ZEALAND GAZETTE
2703

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.

D. L. WOOD.

This notice is filed by Denis Lumsden Wood, Crown solicitor at Dunedin whose address for service is at the offices of Messrs Tonkinson, Wood & Adams Bros., 19 Bond Street, Dunedin.

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 to do so. The notice must state the name, address, and description of the person, or if a firm, and an address for service within 3 miles of the office of the High Court at Dunedin, 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 23rd day of August, 1983.

3763

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 the 11th day of August 1983 at Christchurch was 301.47 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 6.2 percent for all wool sold at auction and nationally for privately sold wool from and including the 11th day of August 1983, until midnight on the day before the next auction sale to be held.

Dated this 16th day of August 1983.

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

3892

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 the 12th day of August 1983 at Napier was 295.70 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 8.2 percent for all wool sold at auction and nationally for privately sold wool from and including the 12th day of August 1983, until midnight on the day before the next auction sale to be held.

Dated this 16th day of August 1983.

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

3893

OTAGO SAVINGS BANK
BALANCE SHEET AS AT 31 MARCH 1983

Current assets—
Cash on hand and at bank 1,110,577
Fixed deposits 15,438,000
Interest accrued on investments 3,540,587
Sundry debtors 275,689
Personal advances 1,792,690
22,157,543

Investments—
New Zealand government stock 62,149,922
Local authority securities (note 2) 350,331
Mortgages 92,783,245
Personal loans (less interest yet to mature) 8,277,335
Shares in allied computer processors limited at cost 13,750
163,574,583

National savings securities—
New Zealand Government stock at cash 32,487
Cash on hand and at bank 567
Total national savings securities 33,054
$194,022,761

J. BARNES, President.
A. L. FLEURY, General Manager.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1983

PROFIT AND LOSS APPROPRIATION ACCOUNT

| Net profit brought down | 894,410 |
| Provision for donations | 100,000 |
| Transfer to reserve | 794,410 |
| | $894,410 |

NOTES TO THE ACCOUNTS

Note 1:
Accounting Policies

The accounting policies which the bank considers appropriate for the measurement of its results and financial position using the historical cost method, except for the revaluation of land and buildings, are as follows:

Recognition of income

Income shown in the profit and loss account is earned in the current year and includes the amortisation of premiums and discounts on the purchase of Government and local authority stock. In the case of personal loans, the policy is to add interest to the advance at the commencement of the loan, and to bring this interest into revenue during the appropriate financial years in accordance with the ‘Rule of 78’. Significant gains (or losses) on the sale of Government stock and local authority stock are reported separately in the profit statement.

Expenditure

Interest credited to depositors—Interest on savings and current accounts represents interest credited at 31 March and the interest paid on closed accounts during the year. Investment accounts which are credited with interest during the year have had an appropriate adjustment made for the interest accrued to 31 March.