Customs Decisions and Reserve Bank Statement




May 14.] THE NEW ZEALAND GAZETTE. 1409

Minister’s Decisions under Customs Acts.

Customs Department, Wellington, 8th May, 1942.

IT is hereby notified for public information that the Hon. the Minister of Customs has decided to interpret the Customs Acts in relation to the undermentioned articles as follows:—

NOTES.—(a) “Not elsewhere included” appears as n.e.i.; “other kinds” as o.k.; “articles and materials suited for, and to be used solely in, the fabrication or repair of goods within New Zealand” as a. and m.s. (b) Articles marked thus † are revised decisions. (c) The rates of duty payable on goods set out hereunder have not been shown except in the case of goods classed under Tariff items 416, 448, and 449 (2), and of goods admitted (under the provisions of section 11 of the Customs Amendment Act, 1927) at a rate of duty lower than that provided for in the First Schedule to the Customs Acts Amendment Act, 1934. Where goods are admitted under the provisions of section 11 aforesaid, the reduced rate is marked with an asterisk. (d) Steam-engines, gas-engines, oil-engines, and electric or other motors are not, unless otherwise indicated, to be regarded as parts of the machines with which they are imported. (e) Surtax as provided for in section 5 of the Customs Acts Amendment Act, 1930, or primage duty as provided for in section 4 of the Customs Acts Amendment Act, 1931, as the case may be, is payable in addition to the duties set out hereunder.

Record Goods. Classified under Tariff Item No. Rate of Duty.
British Preferential Tariff.
69-4/287/72 Animal glands or tissues, preparations made from viz.:—
“DOCA” (Organon Laboratories, Ltd., Eng.) 120 (1) .. ..
69-4/153/62 Antiseptics, viz.:—
“Zephirin” (Bayer Pharma, Ltd., Sydney) 100 .. ..
69-4/38/46 A. and m.s., viz.:—

Chemicals, &c., used in manufactures, viz.,—
Ricinoleic acid, for use in the preparation of sulphonated oils
Weaving, dyeing, and cleaning of textiles, preparations used in connection with, viz.,—
Degreasing, scouring, and “wetting-out” preparations, &c., viz.,— | 448 | Free | Free. |
| 69-7/146/25 | “Aerosol OT—100 per cent. pure”..
“Aerosol OT Paste 85 per cent.”
“Aerosol OT Aqueous 10 per cent.”
“Aerosol OT Aqueous 25 per cent.”
“Aerosol OT Clear 70 per cent.”
“Aerosol OT Clear 25 per cent.”
“Aerosol OT Clear 10 per cent.”
“Aerosol OT—C”
“Aerosol MA”
“Aerosol AV”
“Aerosol IB”
“Aerosol OS”
“Aerosol AS” | 448 | Free | Free. |
| †69-30/122/6 | Textile piece-goods, viz.,—
Union textiles n.e.i., in the piece, tubular woven, the invoice price of which does not exceed the equivalent of 1s. 11d. per square yard of the material if opened out, when cut up and made into underclothing in accordance with conditions applicable to union textiles under T.I. 187
(NOTE.—Revises decision in M.O. 57.) | 448 | Free | 10 per cent. |
| †69-30/122/6 | Union textiles n.e.i., in the piece, 50 in. to 56 in. wide, the invoice price of which does not exceed 3s. per yard, when cut up and made into shirts, pyjamas, or underclothing in accordance with conditions applicable to union textiles under T.I. 187
(NOTE.—Revises decision in M.O. 57.) | 448 | Free | 10 per cent. |
| 69-4/427/6 | Vitamins, vitamin concentrates, &c., viz.:—
“Abidon Capsules with Vitamin C” (Parke, Davis, and Co., Sydney) | 120 (3) | .. | .. |

69-30/122/6. NOTE.—The current domestic value of union textiles for the purposes of Tariff item 187 is increased from 1s. 3d. to 1s. 6d. per yard, and the note to item 187 of the Customs Tariff of New Zealand is revised accordingly.

Minister’s Order No. 69.] E. D. GOOD, Comptroller of Customs.

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, 4TH MAY, 1942.

Liabilities. Assets.
£ s. d. £ s. d.

  1. General Reserve Fund .. .. 1,500,000 0 0 7. Reserve—
  2. Bank-notes .. .. 24,288,987 10 0 (a) Gold .. .. 2,801,877 10 0
  3. Demand liabilities— (b) Sterling exchange*.. .. 21,833,685 9 9
    (a) State .. .. 11,575,336 13 9 (c) Gold exchange .. .. ..
    (b) Banks .. .. 21,228,153 11 2 8. Subsidiary coin .. .. 53,907 19 10
    (c) Other .. .. 280,761 9 6 9. Discounts—
  4. Time deposits .. .. .. (a) Commercial and agricultural
  5. Liabilities in currencies other than bills .. .. ..
    New Zealand currency .. .. 18,794 18 6 (b) Treasury and local-body bills .. ..
  6. Other liabilities .. .. 1,414,237 12 8 10. Advances—
    (a) To the State or State undertakings—
    (1) Marketing Department 8,465,775 12 1
    (2) For other purposes 22,200,000 0 0
    (b) To other public authorities .. ..
    (c) Other .. ..
  7. Investments .. .. 4,146,228 5 4
  8. Bank buildings .. .. ..
  9. Other assets .. .. 804,816 18 7
    £(N.Z.)60,306,291 15 7 £(N.Z.)60,306,291 15 7

*Expressed in New Zealand currency.

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 42·906 per cent.

W. R. EGGERS, Chief Accountant.



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✨ LLM interpretation of page content

🏭 Minister’s Decisions under Customs Acts

🏭 Trade, Customs & Industry
8 May 1942
Customs, Tariff, Duty, Goods, Classification
  • E. D. Good, Comptroller of Customs

💰 Statement of Assets and Liabilities of the Reserve Bank of New Zealand

💰 Finance & Revenue
4 May 1942
Reserve Bank, Assets, Liabilities, Financial Statement
  • W. R. Eggers, Chief Accountant