312
THE NEW ZEALAND GAZETTE
[No. 13

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,
25TH FEBRUARY, 1946

Liabilities
£ s. d.

1. General Reserve Fund .. .. .. 1,500,000 0 0
2. Bank-notes .. .. .. 43,516,364 0 0
3. Demand liabilities—
   (a) State .. .. .. 18,584,856 19 3
   (b) Banks .. .. .. 64,988,441 15 1
   (c) Other .. .. .. 580,553 12 5
4. Time deposits .. .. .. ..
5. Liabilities in currencies other than New Zealand currency .. .. .. 120,588 8 9
6. Other liabilities .. .. .. 3,330,977 8 2

£(N.Z.)132,621,782 3 8

Assets
£ s. d.
7. Reserve—
(a) Gold .. .. .. 2,801,877 10 0
(b) Sterling exchange* .. .. 73,703,143 16 11
(c) Gold exchange .. .. ..
8. Subsidiary coin .. .. .. 17,197 1 3
9. Discounts—
(a) Commercial and agricultural bills .. ..
(b) Treasury and local-body bills .. ..
10. Advances—
(a) To the State or State undertakings—
(1) Marketing organizations .. 1,631,823 7 10
(2) For other purposes .. 40,000,000 0 0
(b) To other public authorities .. ..
(c) Other .. .. .. ..
11. Investments .. .. .. 12,860,968 6 8
12. Bank buildings .. .. .. ..
13. Other assets .. .. .. 1,606,772 1 0

£(N.Z.)132,621,782 3 8

• Expressed in New Zealand currency.

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 59·829 per cent.

W. R. EGGERS, Chief Accountant.

Price Order No. 502 (Californian Lemons)

PURSUANT to the powers conferred on it by the Control of Prices Emergency Regulations 1939,* the Price Tribunal acting with the authority of the Minister of Industries and Commerce, doth hereby make the following Price Order:—

1. This Order may be cited as Price Order No. 502, and shall come into force on the 11th day of March, 1946.

2. (1) In this Order, unless the context otherwise requires,—
   “The said regulations” means the Control of Prices Emergency Regulations 1939*:
   “One and a half bushel case” means a Californian case of the type and specification used in the ordinary course of trade for packing the quantity of lemons recognized as one and a half bushels.

(2) References in this Order to metropolitan areas are references to the metropolitan areas described in the Schedule hereto.

(3) Terms and expressions defined in the said regulations, when used in this Order, have the meanings severally assigned thereto by those regulations.

3. The maximum prices fixed by this Order include the prices of the cases or other containers in which the lemons are delivered to the purchaser.

APPLICATION OF THIS ORDER

4. This Order applies with respect to lemons grown in California and sold in New Zealand.

5. The maximum prices fixed by this Order apply with respect to sales by auction, as well as to other sales.

6. (1) The provisions of this Order as to maximum wholesale prices shall apply notwithstanding that any lemons to which this Order applies are sold otherwise than in one and a half bushel cases, and the provisions of this Order as to maximum retail prices shall apply notwithstanding that any such lemons are sold otherwise than by weight.

(2) If any lot of lemons to which this Order applies is sold by a wholesaler otherwise than in one and a half bushel cases, the maximum price of the lot shall bear the same proportion to the maximum price of a one and a half bushel case lot as the net weight of the lot bears to the customary net weight of a one and a half bushel case lot.

MAXIMUM WHOLESALE PRICES

7. (1) Subject to the provisions of this clause, the maximum price that may be charged or received by any wholesaler for any lemons to which this Order applies shall be—
   (a) When sold to a retailer carrying on business in any of the metropolitan areas of Auckland, Wellington, Christchurch, or Dunedin, or in any of the cities or boroughs of Whangarei, Hamilton, Gisborne, New Plymouth, Stratford, Wanganui, Palmerston North, Napier, Hastings, Blenheim, Nelson, Greymouth, Timaru, Oamaru, Gore, or Invercargill—
   Per case .. .. .. s. d.
   .. .. .. 75 0
   (b) When sold to a retailer carrying on business elsewhere—
   Per case .. .. .. s. d.
   .. .. .. 72 0

(2) The wholesale prices fixed by this Order are fixed as for delivery at the wholesaler’s store or other premises occupied by the wholesaler.

(3) Where delivery is effected by a wholesaler elsewhere than at premises occupied by him, he may add to the appropriate price fixed by this Order the reasonable cost of delivery, not exceeding in any case the cost that would have been incurred by him if delivery had been effected by a common carrier at current freight rates.

MAXIMUM RETAIL PRICES

8. (1) Subject to the provisions of this clause the maximum retail price that may be charged or received by any retailer for any lemons to which this Order applies shall be computed at the rate of 1s. 4d. per pound.

(2) If in respect of any lot of such lemons sold by a retailer the maximum price calculated in accordance with the foregoing provisions of this clause is not an exact number of pence or halfpence, the maximum price of the lot shall be computed to the nearest upward halfpenny.

9. Every retailer who offers or exposes for sale in any shop any lemons to which this Order applies shall keep in a prominent position in such proximity to the lemons to which it relates as to be obviously descriptive thereof a ticket, placard, or label on which shall be stated in legible and prominent characters the following particulars:—
   (a) The retail price per pound of the lemons:
   (b) The word “Californian.”

10. Notwithstanding anything in the foregoing provisions of this Order, and subject to such conditions, if any, as it thinks fit, the Tribunal, on application by any wholesaler or retailer, may authorize special maximum wholesale or retail prices in respect of any lemons to which this Order applies where for any reason extraordinary charges (freight or otherwise) are incurred by the wholesaler or retailer. Any authority given by the Tribunal under this clause may apply with respect to a specified lot or consignment of lemons or may relate generally to all lemons to which this Order applies sold by the wholesaler or retailer while the approval remains in force.

SCHEDULE

DEFINITION OF METROPOLITAN AREAS

Dated at Wellington, this 6th day of March, 1946.

The Seal of the Price Tribunal was affixed hereto in the presence of—

[L.S.] W. J. HUNTER (Judge), President.
H. L. WISE, Member.

• Statutory Regulations 1939, Serial number 1939/275, page 1057.