New Zealand Gazette – 1950 – No. 24

Page 501

✨ Financial and Tax Notices



APRIL 27] THE NEW ZEALAND GAZETTE 501

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,
5TH APRIL, 1950

Liabilities £ s. d. Assets £ s. d.

  1. General Reserve Fund .. .. .. .. 1,500,000 0 0 7. Reserve—
  2. Bank-notes .. .. .. .. 53,707,783 10 0 (a) Gold .. .. .. .. 4,036,609 19 3
  3. Demand liabilities— (b) Sterling exchange* .. .. .. 47,131,191 17 8
    (a) State .. .. .. .. 30,591,947 8 10 (c) Gold exchange .. .. .. .. ..
    (b) Banks .. .. .. .. 70,007,315 17 9 8. Subsidiary coin .. .. .. .. 127,569 15 9
    (c) Other .. .. .. .. 581,741 0 0 9. Discounts—
  4. Time deposits .. .. .. .. .. (a) Commercial and agricultural bills .. ..
  5. Liabilities in currencies other than New (b) Treasury and local-body bills .. ..
    Zealand currency .. .. .. .. 14,281 11 8 10. Advances—
  6. Other liabilities .. .. .. .. 5,096,822 11 0 (a) To the State or State undertakings—
    (1) Marketing organizations .. .. 6,902,903 9 10
    (2) For other purposes .. .. .. 53,000,000 0 0
    (b) To other public authorities .. .. ..
    (c) Other .. .. .. .. .. .. 5,202,666 19 10
  7. Investments .. .. .. .. .. .. 43,658,142 3 8
  8. Bank buildings .. .. .. .. .. .. ..
  9. Other assets .. .. .. .. .. .. 1,440,807 13 3

£(N.Z.)161,499,891 19 3 £(N.Z.)161,499,891 19 3

*Expressed in New Zealand currency.

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 33·025 per cent.

W. R. EGGERS, Chief Accountant.

Decisions Under the Sales Tax Act, 1932–33

Customs Department, Wellington, 20th April, 1950.

THE following decisions in interpretation of the Sales Tax Act, 1932–33, are published for public information :—

Record No. Exemption. No. of Decision. Goods Regarded as Included Under the Exemption.
(s) 5/9 Apparel 100 Badges, of any material, for wear as part of a school uniform.
(s) 5/9 „ 100 Furs wholly or partly made up into apparel.
(s) 6/48 Celluloid and similar materials, plain, &c. 100 Jam jar covers, being circles of cellophane. (Rubber bands packed therewith will be regarded as taxable.)
(s) 4/56 Cements and solutions for the manufacture and repair of boots and shoes 100 Rubber solutions and cements, all kinds.
(s) 3/174 Coin, metal 100 Milk tokens, metal.
(s) 21/16 Educational apparatus 100 Pencil cases, school.
Goods manufactured in New Zealand and imported goods sold from New Zealand stocks, of a class or kind which, if imported, would be admissible under tariff item 416 on declaration, &c., when purchased for use solely for educational purposes in a school, college, or university—
(s) 20/10/2 „ 100 Crayons, all kinds.
(s) 8/27 Floor-coverings 100 Door mats, all kinds.
(s) 9/8 Horse and cattle covers 100 Cover strapping when sold in sets.
(s) 20/35 Iron, sheet, plate, &c. 100 Hoop iron, galvanized.
(s) 14/2 Lamps, miners’ safety 100 Batteries, spare or replacement, peculiar to use in miners’ safety lamps.
(s) 3/3 Machinery, &c., of a kind which, if they had been approved by the Minister under item 352 of the Customs Tariff, would have been admitted there-under 100 Refrigerating cabinets, demountable, for motor delivery vans.
(s) 7/9/2 Paints 100 Albi-R fire retardant.
(s) 7/9/2 „ 100 Faspos fire proofing compounds.
(s) 20/32/2 Toilet pans 100 Bends, flush, of aluminium, not exceeding 2 in. in internal diameter.
(s) 2/32 Vacuum cleaners 100 Brushes, mops, and filter bags, being identifiable as attachments for vacuum cleaners.
(s) 3/60/2 Welding and brazing rods 100 Flux covered welding and brazing wires, rods and electrodes.

The following decisions are cancelled :—

M.D. 46 : Calcimite. M.D. 50 : Borakil.
M.D. 46 : Covers, jam jar, being cellophane circles, &c. M.D. 76 : Galvanized hoop iron for spouting, up to 1¼ in wide.
M.D. 50 : Boracure. M.D. 76 : Furs wholly made up into apparel.

The following decisions are revised as shown :—

Decision. Revised Decision (Column 3).
M.D. 39 .. Bolts, nuts, rivets, washers, screws, springs, piston rings, Springs, piston rings, and sparking plugs.
.. and sparking plugs
M.D. 39 .. Metal ingots or pigs produced from scrap metal .. Metal ingots or pigs, other than of lead, tin, or iron,
.. produced from scrap metal.
M.D. 46 .. Electric motors incorporated in electric clocks or vacuum Electric motors incorporated in electric clocks.
.. cleaners

D. G. SAVERS, Comptroller of Customs.

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✨ LLM interpretation of page content

💰 Reserve Bank of New Zealand Statement of Assets and Liabilities

💰 Finance & Revenue
5 April 1950
Banking, Assets, Liabilities, Reserve Bank, Financial Statement
  • W. R. Eggers, Chief Accountant

🏭 Decisions Under the Sales Tax Act, 1932–33

🏭 Trade, Customs & Industry
20 April 1950
Sales Tax, Exemptions, Customs, Tax Decisions
  • D. G. Savers, Comptroller of Customs