3218 THE NEW ZEALAND GAZETTE No. 143

In the High Court of New Zealand
Christchurch Registry

IN THE MATTER OF the Companies Act 1955, and IN THE MATTER
of M. O’BRIEN & COMPANY LIMITED, a duly incorporated
company having its registered office at 535 Wairakei Road,
Christchurch:

NOTICE is hereby given that by order dated 10 August 1984, the
High Court of New Zealand at Christchurch has approved on certain
terms and conditions a reduction of share premium account by the
above-named company in accordance with a special resolution of
shareholders passed at an extraordinary general meeting on the 7th
day of August 1984, and that a sealed copy of such order was
registered in the companies office at Christchurch on the 13th day
of August 1984.

Dated at Christchurch this 13th day of August 1984.

R. P. Thompson, Solicitor to the Company.

0178

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 9th day of August 1984, at Christchurch
was 369.44 cents per kilogram (greasy basis).

As this price is above the Wool Board’s Substitute Payment
Scheme minimum wool price of 320 cents per kilogram (greasy
basis) no supplement is payable on wool until further notice.

There is likewise no grower retention levy payable in terms of
section 42 of the Wool Industry Act 1977, as the A.W.A.S.P. is less
than the ruling trigger price of 500 cents per kilogram (greasy basis).

Dated at Wellington this 13th day of August 1984.

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

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 10th day of August 1984, at Wellington
was 343.07 cents per kilogram (greasy basis).

As this price is above the Wool Board’s Substitute Payment
Scheme minimum wool price of 320 cents per kilogram (greasy
basis) no supplement is payable on wool until further notice.

There is likewise no grower retention levy payable in terms of
section 42 of the Wool Industry Act 1977, as the A.W.A.S.P. is less
than the ruling trigger price of 500 cents per kilogram (greasy basis).

Dated at Wellington this 13th day of August 1984.

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

NOTICE OF DISSOLUTION OF PARTNERSHIP

NOTICE is hereby given that the partnership subsisting between John
Richard Moon of Hastings and Terence James Petrowski of Napier,
carrying on business as carpet cleaners under the style Alert Carpet
Valet Services has been dissolved by mutual consent with the
retirement of John Richard Moon from the said firm.

0131

CANTERBURY SAVINGS BANK

PROFIT STATEMENT FOR THE YEAR ENDED 31 MARCH 1984

Income—
Note 1984 1983
$ $
Government securities 24,201,006 18,536,728
Local authority securities 1,036,050 809,530
Mortgages, personal loans
and term loans 42,835,173 40,527,918
Other investments 5,024,081 4,433,247
Rents, commissions, fees
etc. 1,508,505 1,199,862
74,604,815 65,507,285

Less expenditure
Interest to depositors 49,180,490 44,084,239
Audit fee 34,894 40,987
Leasing charges 789,144 411,067
Trustees honoraria 32,440 30,570
Administration expenses 17,004,032 14,473,362
Depreciation 2,034,028 1,347,210
69,075,028 60,387,435
Operating Profit 5,529,787 5,119,850
Less taxation 2,364,418 2,290,725
Net profit for year before
extraordinary items 3,165,369 2,829,125
Add extraordinary items 7 762,817 —
Net profit for year after
extraordinary items 3,928,186 2,829,125
Add retained earnings
brought forward 12,322,118 9,842,993
16,250,304 12,672,118
Less provision for grants 400,000 350,000
Retained Earnings 31
March 1984 $15,850,304 $12,322,118

BALANCE SHEET AS AT 31 MARCH 1984

              1984       1983
              $          $

Current Assets—
Cash resources 47,283,630 44,022,780
Interest accrued on
investments 5,566,456 4,593,147
Accounts receivable 468,603 346,582
53,318,689 48,962,509
Investments—
Government
securities 227,421,095 185,036,014
Local authority
securities 9,521,651 4,354,938
Mortgages and term
loans 284,475,226 260,280,548
Personal loans (less
unearned interest) 18,883,457 15,211,524
Other advances 5,866,395 4,779,241
546,167,824 469,662,265
Fixed Assets— 3
Land 3,941,488 2,805,903
Buildings 13,987,730 8,847,099
17,929,218 11,653,002
Office furniture,
plant, equipment
etc. 11,015,351 5,981,003
28,944,569 17,634,005
$628,431,082 $536,258,779

Depositors’
Balances—
Current accounts 21,512,157 16,674,312
Savings accounts 181,171,988 167,993,391
Term investment
accounts 384,474,846 319,214,806
587,158,991 503,882,509

Current Liabilities—
Interest accrued on
depositors’
accounts 15,979,057 14,759,050
Provision for grants 400,000 350,000
Accounts payable 2,240,898 1,862,513
Provision for
taxation 169,752 70,767
18,789,707 17,042,330
Deferred Taxation 1 3,652,454 3,011,822
Reserves 15,850,304 12,322,118
Property revaluation
reserve 4 2,979,626 —
18,829,930 12,322,118
$628,431,082 $536,258,779

C. J. McGREGOR, President.
F. DICKSON, General Manager.
Christchurch, New Zealand. 30 April 1984.

AUDITORS’ REPORT

We have examined the accompanying balance sheet, profit
statement and statement of changes in financial position of the
Canterbury Savings Bank and have obtained all the information
and explanations we have required.