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New Zealand Gazette – 1942 – No. 76

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✨ Financial and Tax Notices

Aug. 13.] THE NEW ZEALAND GAZETTE. 2059

Minister’s Decisions under Sales Tax Act, 1932–33.

Customs Department, Wellington, 7th August, 1942.

IT is hereby notified for public information that the Minister of Customs has decided to interpret the Sales Tax Act, 1932–33 (hereinafter referred to as “the Act”), as under:—

It should be understood that the decisions contained herein may be revised from time to time in the light of further information which may be obtained by the Minister.

Record No.	Decision of Minister.
	The following goods are to be regarded as (a) included or (b) not included under the items subject to sales tax at the rate of 10 per cent. only (under the provisions of subsection (1) of section 10 of the Customs Acts Amendment Act, 1942) set out in Column No. 1 (below):—

	Item. Column No. 1.
C (s) 21/213	Apparel, clothing, and hosiery, not including hats and other headwear except miners’ and firemen’s helmets
C (s) 21/53	..
C (s) 10/17/2	..
C (s) 21/71	..
C (s) 5/2	..
C (s) 10/17/2	..
C (s) 8/9/2	Blankets of wool or containing wool
C (s) 8/10	..
C (s) 21/108	Boots, shoes, sandals, slippers, and other footwear
C (s) 3/12	..
C (s) 21/108/2	..









C (s) 21/71	Foodstuffs—viz., baking-powder
C (s) 10/17/2	Coffee, roasted ..


C (s) 21/108/2	Sole leather ..
C (s) 8/9	Textile piece-goods of wool or containing wool

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, 3RD AUGUST, 1942.

Liabilities.	£	s.	d.	Assets.	£	s.	d.
1. General Reserve Fund	..	1,500,000	0	0	7. Reserve—
2. Bank-notes	..	26,131,693	10	0	(a) Gold	..	2,801,877
3. Demand liabilities—					(b) Sterling exchange*	..	25,248,871
(a) State	..	14,348,836	16	1	(c) Gold exchange	..	..
(b) Banks	..	20,739,808	2	3	8. Subsidiary coin	..	26,262
(c) Other	..	1,823,311	7	6	9. Discounts—
4. Time deposits	..	..	..	..	(a) Commercial and agricultural bills	..	..
5. Liabilities in currencies other than New Zealand currency	..	24,281	5	11	(b) Treasury and local-body bills	..	..
6. Other liabilities	..	1,191,541	1	11	10. Advances—
					(a) To the State or State undertakings—
					(1) Marketing Department	9,764,331	9
					(2) For other purposes	22,300,000	0
					(b) To other public authorities	..	..
					(c) Other	..	..
					11. Investments	..	4,146,340
					12. Bank buildings	..	1,471,789
					13. Other assets	..	..
£(N.Z.)65,759,472	3	8		£(N.Z.)65,759,472	3	8

*Expressed in New Zealand currency.

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 44·456 per cent.

R. W. COX, Deputy Chief Accountant.

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VUW Te Waharoa — NZ Gazette 1942, No 76

NZLII — NZ Gazette 1942, No 76

The Old Government Buildings (depicted) were completed in 1876 and initially housed the entire Wellington-based civil service as well as the entire New Zealand Cabinet. The Executive Council met there until 1948.

✨ LLM interpretation of page content

💰 Minister’s Decisions under Sales Tax Act, 1932–33

Domain💰 Finance & Revenue
Dated7 August 1942
KeywordsSales Tax, Customs, Ministerial Decisions, Taxable Goods, Exemptions
👩‍💼 Officials

Minister of Customs

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

Domain💰 Finance & Revenue
Dated3 August 1942
KeywordsReserve Bank, Assets, Liabilities, Financial Statement, Banking
👩‍💼 Officials

R. W. Cox, Deputy Chief Accountant

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