906
THE NEW ZEALAND GAZETTE
[No. 48

RESERVE BANK OF NEW ZEALAND

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1945

Dr.
General charges, including salaries, rent, cost of
note issue, and other expenses .. .. 244,446 11 2
Staff Superannuation and Provident Fund .. 11,000 0 0
Balance, being profit for year .. .. 549,686 6 4
£805,132 17 6

Cr.
Balance of profit after making provision for rebate
on Treasury bills not yet due, and for sundry
liabilities and contingencies .. .. 805,132 17 6
£805,132 17 6

PROFIT AND LOSS APPROPRIATION ACCOUNT

Dr.
Payments to New Zealand Government in terms of
section 36 of Reserve Bank of New Zealand
Act, 1933 .. .. .. .. 476,473 6 10
Balance .. .. .. .. 549,686 6 4
£1,026,159 13 2

Cr.
Balance as at 1st April, 1944 .. .. 476,473 6 10
Balance from Profit and Loss Account .. 549,686 6 4
£1,026,159 13 2

BALANCE-SHEET AS AT 31ST MARCH, 1945

Liabilities
General Reserve Fund .. .. .. 1,500,000 0 0
Bank notes .. .. .. 40,201,306 0 0
Demand liabilities—
(a) State .. .. .. 15,586,028 8 3
(b) Banks .. .. .. 32,709,447 0 3
(c) Other .. .. .. 1,202,102 9 9
Liabilities in currencies other than New Zealand
currency .. .. .. 13,349 9 6
Other accounts .. .. .. 1,999,004 4 0
Profit and Loss Appropriation Account .. 549,686 6 4
£93,760,923 18 1

Assets
Gold (at face value) .. .. .. 2,801,877 10 0
Sterling exchange .. .. .. 48,124,989 7 0
Subsidiary coin .. .. .. 32,751 2 3
Advances to the State or State undertakings—
(1) Marketing Department .. .. 1,216,076 7 11
(2) For other purposes .. .. 27,000,000 0 0
Investments .. .. .. 12,967,898 1 3
Other assets .. .. .. 1,617,331 9 8
N.B.—Holdings of sterling have been converted
into New Zealand currency at the rate of
£100 sterling equals £124(N.Z.).
£93,760,923 18 1

W. F. L. WARD, 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, 1945, 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, 1945, 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, 29th June, 1945.

—

New Zealand Emergency Standard Specification amended

NOTICE is given of the issue of Amendment No. 1 (dated June, 1945) to the New Zealand Emergency Standard Specification entitled “Simplified Practice for the Manufacture of Corsetry,” which is cited in the Corsetry Manufacture Control Notice 1942.*
Copies of the specification as amended may be obtained from the Secretary, New Zealand Standards Institute, Lambton Quay, Wellington C.1, price 6d. per copy, post free. Each person who has already purchased a copy of the specification is entitled to a copy of the amendment free of charge.

L. J. McDONALD,
Secretary, New Zealand Standards Institute.
† Gazette, 23rd December, 1942, Vol. III, page 3178.

—

The Mutual Fire Insurance Act, 1908

IN pursuance of section 58 of the Mutual Fire Insurance Act, 1908, a synopsis of the business of the undermentioned Insurance Associations, as at 31st March, 1945, based on statements deposited by those Associations in the office of the Public Trustee, is hereby published :—

OTAGO FARMERS’ UNION MUTUAL FIRE INSURANCE ASSOCIATION
Assets—
Cash in hand and in bank .. .. 96 13 11
Loans and investments .. .. 46,727 8 11
Outstanding premium notes .. .. 164,042 4 9
Other assets .. .. 8,700 15 1
Liabilities—
Policies in force .. .. 7,048,227 10 0
Existing claims .. .. 16,684 1 3
Unpresented cheques .. .. ..
Income—
Premium income .. .. 26,612 2 7
Interest .. .. 1,400 6 1
Other income .. .. 168 5 0
Expenditure—
Losses .. .. 8,569 17 3
Expenses .. .. 15,651 12 3
Reinsurance .. .. 1,808 9 5
Other payments and expenditure.. 1,512 14 3

TARANAKI FARMERS’ MUTUAL FIRE INSURANCE ASSOCIATION
Assets—
Cash in hand and in bank .. .. 5,087 10 5
Loans and investments .. .. 22,640 2 6
Outstanding premium notes .. .. 42,726 11 5
Other assets .. .. 777 10 0
Liabilities—
Policies in force .. .. 1,023,481 0 0
Existing claims .. .. 123 11 7
Unpresented cheques .. .. 696 11 9
Income—
Premium income .. .. 6,141 13 6
Interest .. .. 742 13 8
Other income .. .. 464 15 1
Expenditure—
Losses .. .. 1,424 18 11
Expenses .. .. 2,914 6 11
Reinsurance .. .. 618 8 6
Other payments and expenditure.. 674 7 0

WELLINGTON FARMERS’ UNION MUTUAL FIRE INSURANCE ASSOCIATION
Assets—
Cash in hand and in bank .. .. 510 16 6
Loans and investments .. .. 21,711 11 11
Outstanding premium notes .. .. 85,178 0 0
Other assets .. .. 380 16 6
Liabilities—
Policies in force .. .. 2,094,290 0 0
Existing claims .. .. 3,153 18 0
Unpresented cheques .. .. ..
Income—
Premium income .. .. 8,136 9 3
Interest .. .. 1,124 11 11
Other income .. .. ..
Expenditure—
Losses .. .. 4,544 13 3
Expenses .. .. 534 1 8
Reinsurance .. .. 493 19 7
Other payments and expenditure.. 3,025 5 5

W. G. BAIRD, Public Trustee.