748
THE NEW ZEALAND GAZETTE
[No. 37

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,
20TH MAY, 1946

Liabilities
£ s. d.

1. General Reserve Fund .. .. .. 1,500,000 0 0
2. Bank-notes .. .. .. 44,482,858 10 0
3. Demand liabilities—
   (a) State .. .. .. 18,720,136 13 2
   (b) Banks .. .. .. 59,698,358 18 6
   (c) Other .. .. .. 545,755 11 6
4. Time deposits .. .. .. ..
5. Liabilities in currencies other than New
   Zealand currency .. .. .. 13,986 19 1
6. Other liabilities .. .. .. 3,516,071 14 4

£(N.Z.)128,477,168 6 7

Assets
£ s. d.
7. Reserve—
(a) Gold .. .. .. 2,801,877 10 0
(b) Sterling exchange* .. .. 79,601,502 17 10
(c) Gold exchange .. .. ..
8. Subsidiary coin .. .. .. 74,853 18 10
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 .. 941,319 14 7
(2) For other purposes .. 40,000,000 0 0
(b) To other public authorities .. ..
(c) Other .. .. .. ..
11. Investments .. .. .. 4,045,324 19 8
12. Bank buildings .. .. .. ..
13. Other assets .. .. .. 1,012,289 5 8

£(N.Z.)128,477,168 6 7

• Expressed in New Zealand currency.

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 66·740 per cent.

W. R. EGGERS, Chief Accountant.

Price Order No. 551 (Milk) (Cambridge)

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:—

PRELIMINARY

1. This Order may be cited as Price Order No. 551, and shall
   come into force on the 16th day of May, 1946.

2. In this Order—
   “Cambridge Milk District” means the district within a radius
   of ten miles from the post-office at Cambridge:
   “Commercial user” means a person who buys milk for
   sale for consumption on his premises (whether in the
   form in which it is received by him or otherwise and
   whether separately or in combination with any other
   substance or substances):
   “Consumer” means a person who buys milk for purposes
   other than resale:
   “Shop dairy” means a shop where milk is sold for con-
   sumption or use off the premises and not otherwise and
   where the milk so sold is sold in the form in which it
   was received into the shop dairy.

APPLICATION OF THIS ORDER

3. (1) Nothing in this Order shall apply with respect to milk
   sold to a Hospital Board for use in any institution under the control
   of that Board or to milk sold for use in any separate institution
   within the meaning of the Hospitals and Charitable Institutions
   Act, 1926.

(2) Except as provided in the last preceding subclause, this
Order applies with respect to all milk wherever produced that is
sold—
(a) To the occupier of any shop dairy within the Cambridge
Milk District; or
(b) By the occupier of a shop dairy or by any other person
to a commercial user or to a consumer within the
Cambridge Milk District.

FIXING PRICES OF MILK TO WHICH THIS ORDER APPLIES

4. (1) Subject to the following provisions of this clause, the
   maximum price that may be charged or received for any milk to
   which this Order applies shall be the appropriate price set out in
   the Schedule hereto.

(2) The prices fixed by this Order are fixed as for delivery as
follows:—
(a) In respect of milk sold by the occupier of a shop dairy:
As for delivery to the purchaser at the shop dairy:
(b) In respect of milk sold otherwise than at a shop dairy:
As for delivery at the premises of the purchaser.

(3) Where an account is rendered to any purchaser for milk
supplied to him during a period comprising more than one day,
the price that may be charged for the milk to which the account
relates shall be computed as follows:—
(a) For all milk supplied during the period in measurements of
half-pint or less, the price shall be computed separately
for each lot supplied at a rate not exceeding the appro-
priate rate fixed by this Order:
(b) For all milk supplied during the period in measurements
of more than half-pint but less than two pints (exclusive
of milk so supplied on any one day of a total quantity
of one gallon or more), the price shall be computed
separately for each lot supplied at a rate not exceeding
the appropriate rate fixed by this Order:
(c) For all milk supplied during the period in measurements
of two pints or more (exclusive of milk so supplied on
any one day of a total quantity of one gallon or more),
the price shall be computed at a rate not exceeding
the appropriate rate fixed in the Schedule hereto for
two pints:
(d) Where the quantity of milk supplied to any one purchaser
in any one day (exclusive of quantities supplied in
measurements of half-pint or less) is not less than one
gallon, the maximum price that may be charged shall be
computed by reference to the total quantity of milk
so supplied to the purchaser during that day.

(4) Where any milk to which this Order applies is sold otherwise
than in one of the quantities specified in the Schedule hereto, or
otherwise than in a multiple of any specified quantity, the price
shall be computed as follows:—
(a) Where the quantity supplied is less than the smallest
specified quantity, the price shall be a proportionate
part of the price of the smallest specified quantity:
(b) Where the quantity supplied exceeds a specified quantity
but is less than twice the specified quantity, the price
of any surplus over that specified quantity shall be a
proportionate part of the price of that specified quantity:
(c) Where the quantity supplied exceeds twice the amount of
the nearest lower specified quantity but is not an exact
multiple of that specified quantity, the price of any
surplus over the nearest multiple of the specified quantity
shall be a proportionate part of that specified quantity.

(5) In in respect of any milk the price charged in accordance
with the foregoing provisions of this clause is not an exact number
of pence or half-pence, the maximum price shall be computed to
the nearest upward halfpenny.

SCHEDULE

MAXIMUM PRICES OF MILK SOLD IN THE CAMBRIDGE MILK DISTRICT
TO SHOP DAIRIES, COMMERCIAL USERS, OR CONSUMERS

Milk

Dated at Wellington, this 16th day of May, 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.