962
THE NEW ZEALAND GAZETTE
[No. 64

RESERVE BANK OF NEW ZEALAND

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1943

Dr.
General charges, including salaries, rent, cost of
note issue, and other expenses .. .. .. 150,201 3 8
Balance, being profit for year .. .. .. 379,118 11 1
£529,319 14 9

Cr.
Balance of profit after making provision for rebate
on Treasury bills not yet due, and for sundry
liabilities and contingencies .. .. .. 529,319 14 9
£529,319 14 9

PROFIT AND LOSS APPROPRIATION ACCOUNT

Dr.
Payments to New Zealand Government in terms of
section 36 of Reserve Bank of New Zealand
Act, 1933 .. .. .. .. .. 350,241 19 9
Balance .. .. .. .. .. 379,118 11 1
£729,360 10 10

Cr.
Balance as at 1st April, 1942 .. .. .. 350,241 19 9
Balance from Profit and Loss Account .. .. 379,118 11 1
£729,360 10 10

BALANCE-SHEET AS AT 31ST MARCH, 1943

Liabilities
General Reserve Fund .. .. .. 1,500,000 0 0
Bank notes .. .. .. .. 30,390,753 10 0
Demand liabilities—
(a) State .. .. .. .. 15,564,794 15 4
(b) Banks .. .. .. .. 20,128,898 11 7
(c) Other .. .. .. .. 741,801 6 0
Liabilities in currencies other than New Zealand
currency .. .. .. .. 18,466 6 1
Other accounts .. .. .. .. 1,280,771 11 9
Profit and Loss Appropriation Account .. .. 379,118 11 1
£70,004,604 11 10

Assets
Gold (at face value) .. .. .. 2,801,877 10 0
Sterling exchange .. .. .. 19,021,776 5 5
Subsidiary coin .. .. .. 20,958 9 9
Advances to the State or State undertakings—
(1) Marketing Department .. .. 4,219,613 3 2
(2) For other purposes .. .. 31,135,000 0 0
Investments .. .. .. .. 10,294,835 10 6
Other assets .. .. .. .. 2,510,543 13 0
N.B.—Holdings of sterling have been converted
into New Zealand currency at the rate of
£100 sterling equals £124(N.Z.).
£70,004,604 11 10

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, 1943, 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, 1943, according to the best of our information and the explanations given to us and as shown by the books of the Bank.

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

Wellington, New Zealand, 30th June, 1943.

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, 26TH JULY, 1943

Liabilities

1. General Reserve Fund .. .. .. 1,500,000 0 0
2. Bank-notes .. .. .. .. 32,832,701 0 0
3. Demand liabilities—
   (a) State .. .. .. .. 14,362,561 14 2
   (b) Banks .. .. .. .. 25,337,896 19 2
   (c) Other .. .. .. .. 883,933 19 10
4. Time deposits .. .. .. .. ..
5. Liabilities in currencies other than New Zealand currency .. .. .. .. 94,556 15 3
6. Other liabilities .. .. .. .. 1,494,717 3 7
   £(N.Z.)76,506,367 12 0

Assets
7. Reserve—
(a) Gold .. .. .. .. 2,801,877 10 0
(b) Sterling exchange* .. .. 25,777,776 7 7
(c) Gold exchange .. .. ..
8. Subsidiary coin .. .. .. 54,380 10 7
9. Discounts—
(a) Commercial and agricultural bills .. ..
(b) Treasury and local-body bills .. ..
10. Advances—
(a) To the State or State undertakings—
(1) Marketing Department .. 7,194,034 17 9
(2) For other purposes .. 26,853,000 0 0
(b) To other public authorities .. ..
(c) Other .. .. .. .. ..
11. Investments .. .. .. .. 10,313,674 6 2
12. Bank buildings .. .. .. 3,511,623 19 11
13. Other assets .. .. .. .. ..
£(N.Z.)76,506,367 12 0

*Expressed in New Zealand currency.
Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 38·799 per cent.
W. R. EGGERS, Chief Accountant.

Mining Privilege struck off the Register

Mining Registrar’s Office, Greymouth, 30th July, 1943.

NOTICE is hereby given, in accordance with the provisions of section 188 (4) of the Mining Act, 1926, that the mining privilege specified in the Schedule hereto has been struck off the Register.

F. BIRD, Mining Registrar.

SCHEDULE

(Mines, N. 10/17/717.)