JULY 16.] THE NEW ZEALAND GAZETTE. 1335

RESERVE BANK OF NEW ZEALAND.

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1936.

To General charges, including salaries, rent,
cost of note issue, and other expenses £ s. d. | By Balance of profit after making provision
Staff Superannuation and Provident Fund 76,210 11 10 | for rebate on Treasury Bills not yet due
Balance, being profit for year .. 9,000 0 0 | and for sundry liabilities and contin-
98,012 7 2 | gencies .. .. .. .. 183,222 19 0
£183,222 19 0 | £183,222 19 0

PROFIT AND LOSS APPROPRIATION ACCOUNT.

To Payments to Government in terms of
Section 11 of the Finance Act, 1934 .. £ s. d. | By Balance from Profit and Loss Account .. 98,012 7 2
Balance .. .. .. .. 70,000 0 0 |
28,012 7 2 |
£98,012 7 2 | £98,012 7 2

BALANCE-SHEET AS AT 31ST MARCH, 1936.

Liabilities. £ s. d. | Assets. £ s. d.
Paid-up capital .. .. .. .. .. .. 500,000 0 0 | Gold (at face value) .. .. .. 2,801,733 0 0
General Reserve Fund .. .. .. .. 1,000,000 0 0 | Sterling exchange .. .. .. 24,876,604 12 0
Bank-notes .. .. .. .. .. .. 10,187,304 10 0 | Subsidiary coin .. .. .. 201,126 9 8
Demand liabilities—
(a) State .. .. .. .. .. .. 8,794,967 11 7 | Investments .. .. .. .. 1,801,118 0 0
(b) Banks .. .. .. .. .. .. 9,049,392 16 1 | Other assets .. .. .. .. 22,005 16 6
(c) Other .. .. .. .. .. .. 79,919 9 6 | N.B.—Holdings of sterling have been
Other liabilities .. .. .. .. .. 62,991 3 10 | converted into New Zealand currency
Profit and Loss Appropriation Account .. 28,012 7 2 | at the rate of £100 sterling equals £124
£29,702,587 18 2 | N.Z. £29,702,587 18 2

L. LEFEAUX, Governor.
W. F. L. WARD, Deputy Governor.
W. R. EGGERS, Acting Chief Accountant.

AUDITORS’ CERTIFICATE AND REPORT.

We have audited the balance-sheet as at 31st March, 1936, above set forth and have obtained all the information and explanations we have required.
We have accepted the certificate of the Bank of England as to assets held on account of the Reserve Bank of New Zealand.
In our opinion the balance-sheet is properly drawn up so as to exhibit a true and correct view of the state of affairs of the bank as at 31st March, 1936, according to the best of our information and the explanations given to us and as shown by the books of the bank.

J. L. GRIFFIN,
D. G. JOHNSTON,
} Public Accountants, Auditors.

Wellington, New Zealand, 8th May, 1936.

RESERVE BANK OF NEW ZEALAND.

STATEMENT OF ASSETS AND LIABILITIES OF THE RESERVE BANK OF NEW ZEALAND AS AT THE CLOSE OF BUSINESS ON MONDAY, 13TH JULY, 1936.

Liabilities. £ s. d. | Assets. £ s. d.

1. General Reserve Fund .. .. .. .. 1,500,000 0 0 | 7. Reserve—

2. Bank-notes .. .. .. .. .. .. 10,116,071 0 0 | (a) Gold .. .. .. .. .. 2,801,733 0 0

3. Demand liabilities—
   (a) State .. .. .. .. .. .. 8,956,423 9 2 | (b) Sterling exchange .. .. 22,122,707 10 11
   (b) Banks .. .. .. .. .. .. 6,597,530 8 6 | (c) Gold exchange .. .. .. ..
   (c) Other .. .. .. .. .. .. 162,664 15 7 | 8. Subsidiary coin .. .. .. .. 199,001 15 6

4. Time deposits .. .. .. .. .. .. .. .. .. .. .. .. .. .. | 9. Discounts—

5. Liabilities in currencies other than
   New Zealand currency .. .. .. .. .. .. .. .. .. .. .. | (a) Commercial and agricultural

6. Other liabilities .. .. .. .. .. .. 89,305 0 4 | bills .. .. .. .. .. .. .. .. .. ..
   £27,421,994 13 7 | (b) Treasury and local-body bills .. ..

7. Advances—
   (a) To the State or State under-
   takings .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. |
   (b) To other public authorities .. .. .. .. .. .. .. .. .. |
   (c) Other .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. |

8. Investments .. .. .. .. .. .. .. .. .. .. 2,035,319 10 5 |

9. Bank buildings .. .. .. .. .. .. .. .. .. 263,232 16 9 |

10. Other assets .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. |
    £27,421,994 13 7 |

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 96·484 per cent.

W. R. EGGERS, Acting Chief Accountant.