2720

THE NEW ZEALAND GAZETTE
[No. 71

RESERVE BANK OF NEW ZEALAND
STATEMENT OF ASSETS AND LIABILITIES OF THE RESERVE BANK OF NEW ZEALAND AS AT THE CLOSE OF BUSINESS ON WEDNESDAY, 9TH NOVEMBER, 1949
Liabilities
| | £ s. d. |
| --- | --- |
| 1. General Reserve Fund | 1,500,000 0 0 |
| 2. Bank-notes | 52,617,335 0 0 |
| 3. Demand liabilities— | |
| (a) State | 6,689,042 3 1 |
| (b) Banks | 76,278,728 5 1 |
| (c) Other | 113,260 17 7 |
| 4. Time deposits | |
| 5. Liabilities in currencies other than New Zealand currency | 30,804 13 7 |
| 6. Other liabilities | 3,893,651 19 4 |
| £(N.Z.)141,122,822 18 8 | |

Assets
| | £ s. d. |
| --- | --- |
| 7. Reserve— | |
| (a) Gold | 3,645,628 11 10 |
| (b) Sterling exchange* | 41,318,692 5 7 |
| (c) Gold exchange | |
| 8. Subsidiary coin | 185,169 6 1 |
| 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 | 2,420,510 1 3 |
| (2) For other purposes | 39,808,986 11 2 |
| (b) To other public authorities | |
| (c) Other | 5,084,510 8 5 |
| 11. Investments | 48,094,279 16 7 |
| 12. Bank buildings | |
| 13. Other assets | 565,045 17 9 |
| £(N.Z.)141,122,822 18 8 | |

• Expressed in New Zealand currency.
  Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 33·112 per cent.
  W. R. EGGERS, Chief Accountant.

RESERVE BANK OF NEW ZEALAND
STATEMENT OF ASSETS AND LIABILITIES OF THE RESERVE BANK OF NEW ZEALAND AS AT THE CLOSE OF BUSINESS ON WEDNESDAY, 16TH NOVEMBER, 1949
Liabilities
| | £ s. d. |
| --- | --- |
| 1. General Reserve Fund | 1,500,000 0 0 |
| 2. Bank-notes | 52,857,042 10 0 |
| 3. Demand liabilities— | |
| (a) State | 10,008,068 2 11 |
| (b) Banks | 73,935,914 10 0 |
| (c) Other | 336,271 15 1 |
| 4. Time deposits | |
| 5. Liabilities in currencies other than New Zealand currency | 29,230 1 1 |
| 6. Other liabilities | 3,962,554 7 11 |
| £(N.Z.)142,629,081 7 0 | |

Assets
| | £ s. d. |
| --- | --- |
| 7. Reserve— | |
| (a) Gold | 3,729,612 9 6 |
| (b) Sterling exchange* | 40,563,133 1 3 |
| (c) Gold exchange | |
| 8. Subsidiary coin | 156,989 6 1 |
| 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 | 2,257,324 4 11 |
| (2) For other purposes | 42,000,000 0 0 |
| (b) To other public authorities | |
| (c) Other | 5,084,510 8 5 |
| 11. Investments | 48,094,279 16 7 |
| 12. Bank buildings | |
| 13. Other assets | 743,232 0 3 |
| £(N.Z.)142,629,081 7 0 | |

• Expressed in New Zealand currency.
  Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 32·276 per cent.
  W. R. EGGERS, Chief Accountant.

Result of Poll for Proposed Loan
Wellington, 22nd November, 1949.
THE following notice, received by the Right Hon. the Minister of Finance from the Mayor of the City of Invercargill, is published in accordance with the provisions of the Local Bodies' Loans Act, 1926.
B. C. ASHWIN, Secretary to the Treasury.
INVERCARGILL CITY COUNCIL
PURSUANT to section 13 of the Local Bodies' Loans Act, 1926, I hereby give notice that a poll of the ratepayers of the City of Invercargill was taken on the 16th day of November, 1949, on six separate proposals of the Invercargill City Council to borrow the sums shown hereunder for the respective purposes indicated. The votes recorded for and against each proposal, are shown.
(1) Transport Loan of £140,000, for the purpose of instituting a new transport system in Invercargill including tram track removals and alterations to buildings and taking over the existing services from private owners.
Votes.
For the proposal .. 1,814
Against the proposal .. 917
Informal .. 60
(2) Amalgamated Area Street Works and Services Loan of £87,000, for the purpose of undertaking street works and providing services in areas amalgamated with the city.
Votes.
For the proposal .. 2,161
Against the proposal .. 566
Informal .. 61
(3) Street Works and Services Loan £80,000, for the purpose of undertaking street works and providing services in the city including the provision of a motor-vehicle testing station.
Votes.
For the proposal .. 2,113
Against the proposal .. 643
Informal .. 52
(4) Waterworks Loan of £68,000, for enlarging and extending watermains and providing improved waterworks plant.
Votes.
For the proposal .. 2,305
Against the proposal .. 457
Informal .. 44
(5) Water Supply Loan of £100,000, for the purpose of providing a water-supply from Branxholm.
Votes.
For the proposal .. 2,289
Against the proposal .. 474
Informal .. 47
(6) Drainage Loan £85,000, for the purpose of improving and extending the sewerage system in the city.
Votes.
For the proposal .. 2,246
Against the proposal .. 515
Informal .. 48
I therefore declare that all six proposals were carried.
Dated this 18th day of November, 1949.
ABRAHAM WAGNER, Mayor.