Northland Regional Council Community Trust Financial Statements Public notice is hereby given, pursuant to section 225 (1) of the Local Government Act 1974, that the trustees have prepared financial statements setting out the financial affairs of the trust for the year ended 30 June 1997. The Northland Regional Council Community Trust is a recoverable community trust established on 25 March 1996, pursuant to section 225d of the Local Government Act. The principal activity of the trust is promoting investment in the development of the Northland region. The Northland Regional Council transferred the balance of the capital funds of $12.1 million to the Northland Regional Council Community Trust on the 1st day of December 1996. During the period ended 30 June 1997, interest income of $739,787 was received and grants totalling $56,250 were made. The sum of $54,000 was invested in business grow activities throughout Northland. At 30 June 1997, the trust equity totalled $12,284,536, represented by current assets of $1,767,790, including bank and call deposits of $1,460,330. Total investments including current assets at balance date amounted to $12.3 million. Current liabilities amounted to $62,383. The Northland Regional Council Community Trust received an unqualified audit opinion for the year ended 30 June 1997, from Audit New Zealand on behalf of the Controller and Auditor-General. Copies of the audited financial statements are available for public inspection on application to the undersigned, at The Northland Regional Council Office, 2 Quayside, Whangarei. C. WHITTON, Executive Officer. ``Supporting Sustainable Business in Northland.''