24 JULY
THE NEW ZEALAND GAZETTE
3121

SCHEDULE

General Partner—

Name and Address Capital Contribution $

BEREA INVESTMENTS LIMITED, a duly incorporated company having its registered office at Auckland Nil
The Common Seal of BEREA INVESTMENTS LIMITED was hereunto affixed in the presence of:
J. C. McEWEN, and P. W. TURNER, Directors.
Acknowledged before me:
N. S. MASON, Justice of the Peace.

Initial Special Partners—

John Charles McEwen, managing director, Rangiruru Road, Mahina Bay, Wellington 1.00 5451

Paul Wilkes Turner, financial controller, 81 Glen Road, Kelburn, Wellington 1.00
Signed by the said John Charles McEwen and Paul Wilkes Turner in the presence of:
R. M. COOK, Solicitor.

CLYPEX RESOURCES LIMITED, a duly incorporated company having its registered office at Huddart Parker Building, Post Office Square, Wellington 750,000
The Common Seal of CLYPEX RESOURCES LIMITED was hereunto affixed in the presence of:
A. L. HARRISON, Director.
Acknowledged before me:
N. S. MASON, Justice of the Peace.

TRUSTEEBANK WAIKATO
STATEMENT OF PROFIT AND RESERVES FOR THE YEAR ENDED 31 MARCH 1986

Note 1986 1985
$000 $000
Interest income 2 56,115 37,171
Interest expense 38,758 23,170
Net interest income 17,357 14,001
Other income 1,361 815
Total operating income 18,718 14,816
Operating expenses 13,802 10,010
Operating profit 4,916 4,806
Losses on trading securities 4 (1,987) (520)
Income from associated company 10 96 34
Net profit before taxation 3,025 4,320
Taxation payable 5 (1,452) (1,445)
Net profit after taxation but prior to abnormal items 1,573 2,875
Deferred taxation adjustment 5 1,704 0
Net profit after taxation and abnormal items 3,277 2,875
Reserves opening balance 12,692 10,269
Changes to reserves 430 (202)
Grants (200) (250)
Total reserves $16,199 $12,692

BALANCE SHEET AS AT 31 MARCH 1986

Note 1986 1985
$000 $000
Deposits in cheque accounts, hit accounts, term investments, home ownership accounts, etc. 322,785 278,058
Registered housing bonds 4,050 4,050
326,835 282,108

Current Liabilities—
Interest accrued to depositors 9,713 4,638
Creditors 1,745 1,138
Provision for grants 200 250
Public sector (current portion) 225 225
Commitments to repurchase securities 0 2,000
Deposits from other Trusteebanks 0 1,500
11,883 9,751

Term Liabilities—
Provision for deferred taxation 5 2,842 3,699
Public sector 1,439 1,632
4,281 5,331

Reserves 7 16,199 12,692
$359,198 $309,882

Current Assets—
Deposits with financial intermediaries 67,070 38,870
Notes and coins 809 1,883
Interest accrued on investments 6,613 5,800
Debtors 829 493
Taxation refund due 191 796
Government securities trading stock 5 20,067 0
95,579 47,842