15 SEPTEMBER THE NEW ZEALAND GAZETTE 3115

Dated the 5th day of September 1983.

J. I. BRENT, Solicitor for the Company.

4332

MOUNT EDEN BOROUGH COUNCIL

NOTICE OF RESULT OF POLL ON LOAN PROPOSAL

PURSUANT to section 38 of the Local Authorities Loans Act 1956, notice is hereby given that a poll of ratepayers of the Borough of Mount Eden taken on the 6th day of August 1983, on the proposal of the above-named local authority to raise a loan of $1,200,000 to be known as the Civic and Commercial Development Loan 1983 for the purpose of erecting a civic and commercial building resulted as follows:

The number of votes recorded for the proposal was 1509
The number of votes recorded against the proposal was 1554
The number of informal votes was 17

I therefore declare that the proposal was lost.

Dated this 18th day of August 1983.

W. N. BARTON, J.P., Mayor.

4075

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 9 September at Wellington was 293.90 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 8.9 percent for all wool sold at auction and nationally for privately sold wool from and including the 9th day of September 1983, until midnight on the day before the next auction sale to be held.

Dated this 12th day of September 1983.

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

4349

CHRISTCHURCH DRAINAGE BOARD

NOTICE OF INTENTION TO TAKE LAND UNDER PUBLIC WORKS ACT 1981

NOTICE is hereby given that under the provisions of the Public Works Act 1981, the Christchurch Drainage Board proposes to take the lands described in the Schedule hereto for the purpose of laying drains as part of its drainage work in the general area of the said land. The land was originally designed and is currently used as a drain and such a drain is essential in the area. The registered owner of the land has long since abandoned it and accordingly negotiations for further works proposed are impossible. It is consequently essential for the land to be taken.

Notice is hereby further given that all persons wishing to object to the taking of the above-mentioned land may do so by written notice of their objections sent to the Registrar, Planning Tribunal, Tribunals Division, Justice Department Private Bag, Postal Centre, Wellington, within 20 working days after the publication of this notice in the New Zealand Gazette.

SCHEDULE

ALL that parcel of land known as Dudley Creek and running from Crozier Street towards Pamir Street being part Rural Section 1048 and being the balance of land contained in Deeds Index 4C/S 834 (Canterbury Land Registry).

Dated this 12th day of September 1983.

Christchurch Drainage Board by its solicitors:

CHAMPION TAYLOR & CO.

4338 1c

BAY OF PLENTY SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1983

Current Assets— $ 1983 $ 1982
Cash resources 13,910,402 5,281,066
Income due and accrued
on investments 1,256,606 1,051,774
Accounts receivable 316,843 18,534
Current taxation 10,455 (73,541)
———————— ————————
15,494,306 6,277,833

Investments— $ 1983 $ 1982
New Zealand
Government stock (note 2) 49,179,984 42,738,213
Local authority
securities 432,789 968,044
Mortgages and term
loans 70,816,270 66,825,508
Personal loans (note 3) 3,582,953 3,249,434
Other Investments 4,499,450 2,752,416
Associate company (note B) 187,435 202,193
———————— ————————
128,698,881 116,735,808

Fixed assets—(note C)
Land 77,082 68,982
Buildings 480,836 417,668
Furniture, fittings,
vehicles, office
equipment, etc. 557,913 486,650
———————— ————————
1,355,257 1,073,366
———————— ————————
$145,548,444 $124,087,007

Depositors’ balances—
Current accounts 6,733,382 5,334,730
Ordinary accounts 46,725,344 45,127,135
Term investment
deposits (note E) 85,059,082 67,996,310
———————— ————————
138,517,808 118,458,175

Current liabilities—
Interest accrued to
depositors 2,737,466 2,202,000
Mortgages 57,600 57,600
Accounts payable 562,899 269,949
Provision for donations 85,000 70,000
———————— ————————
3,442,965 2,599,549

Term liabilities—
Mortgages and term
loans 106,000 314,000

Other liabilities—
Provision for deferred
taxation (note 4 (b)) 366,857 288,034
Reserve fund 3,114,814 2,427,249
———————— ————————
$145,548,444 $124,087,007

T: K. CULLEY, (President).

P. D. MUNN, (General Manager).

PROFIT STATEMENT FOR THE YEAR ENDED 31 MARCH 1983

Income— $ 1983 $ 1982
Interest—
Government securities 4,545,020 3,805,309
Local authority securities 51,914 70,955
Mortgages and term loans 9,480,045 7,841,168
Personal loans 679,367 505,955
Cash resources 1,257,373 806,865
Other investments 730,377 378,487
———————— ————————
16,744,096 13,417,939
Commissions, fees, etc. 790,638 678,957
———————— ————————
17,534,734 14,096,896

Less expenditure—
Interest to depositors 11,020,542 8,366,253
Administration expenses 4,922,144 4,252,776
Depreciation (note 1) 174,694 137,992
Audit fees 15,796 12,439
Trustees’ honoraria 25,375 17,129
Net loss on disposal of investment
securities — 121,776
———————— ————————
16,158,551 12,908,365
Operating profit 1,376,183 1,188,531
Less taxation (Note 4 (a)) 592,020 514,566
Net profit for year 784,163 673,965
(1) Share of profit (loss) associate
company (note B) 263 (51)
(2) Prior year adjustment associate
company (note B) (15,021) —
———————— ————————
Net profit for year including results of associate (14,758) (51)
company
Add back prior year taxation adjustment 769,405 673,914
Less provision for donations 85,000 70,000
Retained earnings brought forward 687,565 603,914
Reserve fund at 31 March 3,114,814 2,427,249
———————— ————————
$3,114,814 $2,427,249

The notes to the accounts form part of and are to be read in conjunction with this profit statement.