New Zealand Gazette – 1942 – No. 68

Page 1899

✨ Financial Statements



JULY 9.] THE NEW ZEALAND GAZETTE. 1899

RESERVE BANK OF NEW ZEALAND.

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1942.

£ s. d. £ s. d.
To General charges, including salaries, rent, cost of note issue, and other expenses 137,972 0 11 By Balance of profit after making provision for rebate on Treasury bills not yet due, and for sundry liabilities and contingencies 488,214 0 8
Balance, being profit for year 350,241 19 9
£488,214 0 8 £488,214 0 8

PROFIT AND LOSS APPROPRIATION ACCOUNT.

£ s. d. £ s. d.
To Payment to New Zealand Government in terms of section 36 of Reserve Bank of New Zealand Act, 1933 344,942 4 6 By Balance at 1st April, 1941 351,906 10 0
War Loan fees refunded to Government 6,964 5 6 Balance from Profit and Loss Account 350,241 19 9
Balance 350,241 19 9
£702,148 9 9 £702,148 9 9

BALANCE-SHEET AS AT 31ST MARCH, 1942.

Liabilities. £ s. d. Assets. £ s. d.
General Reserve Fund 1,500,000 0 0 Gold (at face value) 2,801,877 10 0
Bank-notes 24,145,054 0 0 Sterling exchange 18,536,506 3 7
Demand liabilities— Subsidiary coin 66,708 15 8
(a) State 12,455,283 8 8 Advances—
(b) Banks 16,346,247 16 11 To the State or State undertakings—
(c) Other 303,381 12 8 (1) Marketing Department 7,720,632 11 9
Liabilities in currencies other than New Zealand currency 17,725 11 1 (2) For other purposes 22,000,000 0 0
Other accounts 1,041,166 1 7 Investments 4,146,228 5 4
Profit and Loss Appropriation Account 350,241 19 9 Other assets 887,147 4 4
N.B.—Holdings of sterling have been converted into New Zealand currency at the rate of £100 sterling equals £124 New Zealand.
£56,159,100 10 8 £56,159,100 10 8

W. F. L. WARD, Acting Governor.
E. C. FUSSELL, Deputy Governor.
W. R. EGGERS, Chief Accountant.

AUDITORS' CERTIFICATE AND REPORT.

We have audited the balance-sheet as at 31st March, 1942, 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 the affairs of the bank as at 31st March, 1942, 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, Public Accountants, Auditors.
D. G. JOHNSTON,

Wellington, New Zealand, 25th June, 1942.

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, 29TH JUNE, 1942.

Liabilities. £ s. d. Assets. £ s. d.
1. General Reserve Fund 1,500,000 0 0 7. Reserve—
2. Bank-notes 25,528,846 10 0 (a) Gold 2,801,877 10 0
3. Demand liabilities— (b) Sterling exchange* 24,722,575 2 8
(a) State 17,544,332 15 2 (c) Gold exchange ..
(b) Banks 16,710,266 2 6 8. Subsidiary coin 36,415 2 11
(c) Other 4,699,060 12 0 9. Discounts—
4. Time deposits .. (a) Commercial and agricultural bills ..
5. Liabilities in currencies other than New Zealand currency 13,774 9 1 (b) Treasury and local-body bills ..
6. Other liabilities 1,138,517 18 0 10. Advances—
(a) To the State or State undertakings—
(1) Marketing Department 11,959,516 9 9
(2) For other purposes 22,300,000 0 0
(b) To other public authorities ..
(c) Other ..
11. Investments 4,147,350 18 5
12. Bank buildings ..
13. Other assets 1,167,063 3 0
£(N.Z.)67,134,798 6 9 £(N.Z.)67,134,798 6 9
  • Expressed in New Zealand currency.

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 42.664 per cent.

W. R. EGGERS, Chief Accountant.



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✨ LLM interpretation of page content

💰 Reserve Bank of New Zealand Profit and Loss Account for Year Ended 31st March, 1942

💰 Finance & Revenue
Profit and Loss, Financial Statements, Reserve Bank
  • W. F. L. Ward, Acting Governor
  • E. C. Fussell, Deputy Governor
  • W. R. Eggers, Chief Accountant

💰 Reserve Bank of New Zealand Profit and Loss Appropriation Account

💰 Finance & Revenue
Profit and Loss Appropriation, Financial Statements, Reserve Bank
  • W. F. L. Ward, Acting Governor
  • E. C. Fussell, Deputy Governor
  • W. R. Eggers, Chief Accountant

💰 Reserve Bank of New Zealand Balance-Sheet as at 31st March, 1942

💰 Finance & Revenue
Balance-Sheet, Financial Statements, Reserve Bank
  • W. F. L. Ward, Acting Governor
  • E. C. Fussell, Deputy Governor
  • W. R. Eggers, Chief Accountant

💰 Auditors' Certificate and Report for Reserve Bank of New Zealand

💰 Finance & Revenue
25 June 1942
Audit, Financial Statements, Reserve Bank
  • J. L. Griffin, Public Accountants, Auditors
  • D. G. Johnston

💰 Reserve Bank of New Zealand Statement of Assets and Liabilities as at 29th June, 1942

💰 Finance & Revenue
Assets and Liabilities, Financial Statements, Reserve Bank
  • W. R. Eggers, Chief Accountant