New Zealand Gazette – 1951 – No. 53

Page 990

✨ Customs Decisions and Reserve Bank Statement



990

THE NEW ZEALAND GAZETTE

[No. 53

Decisions Under Customs Acts

Customs Department, Wellington, 12th July, 1951.

T is hereby notified for public information that it has been decided to interpret the Customs Acts in relation to the under-
mentioned articles as follows :-

NOTES.--(a) “Not elsewhere included” appears as n.e.i.; “other kinds” as o.k.; “articles and materials suited for, and to be used solely in, the fabrication or repair of goods within New Zealand” as a. and m.s. (b) Articles marked thus † are revised decisions. (c) The rates of duty payable on goods set out hereunder have not been shown except in the case of goods classed under Tariff items 416, 448, and 449, and of goods admitted (under the provisions of section 11 of the Customs Amendment Act, 1927) at a rate of duty lower than that provided for in the First Schedule to the Customs Acts Amendment Act, 1934. Where goods are admitted under the provisions of section 11 aforesaid, the reduced rate is marked with an asterisk. (d) Steam-engines, gas-engines, oil-engines, and electric or other motors are not, unless otherwise indicated, to be regarded as parts of the machines with which they are imported. (e) Surtax as provided for in section 5 of the Customs Acts Amendment Act, 1930, or primage duty as provided for in section 4 of the Customs Acts Amendment Act, 1931, as the case may be, is payable in addition to the duties set out hereunder.

Record. Goods. Classified Under Tariff Item No. Rate of Duty.
A. and m.s.— Chemicals, &c.— Tanners’, curriers’, &c., materials— Tanners’ extracts, &c.— Merp'n WS extra 40 .. .. 448 (3) British Preferential Tariff.
Machinery, &c., and appliances— Manufacturing, industrial— Sheaves, metal (other than galvanized iron) having U-shaped grooves and having an extreme diameter of 3 in. or more but less than 7 in. The decision on page 295 of the Tariff Index reading “Sheaves, grooved metal, suitable for use with pulley blocks, &c.” is cancelled. N.e.i., other kinds— Blocks, pulley, other than those classed under Tariff item 352 or Tariff item 369 The note appearing on page 416 of the Tariff Index and reading “Single sheave blocks in which the extreme diameter of the sheave is less than 25 in. are to be classed under Tariff item 356 (1)” is cancelled. 352 (b) .. General Tariff.
Sheaves, metal— (a) Other than galvanized, having U-shaped grooves, and being less than 3 in. in extreme diameter (b) Galvanized, having U-shaped grooves, and being less than 25 in. in extreme diameter (c) Having other than U-shaped grooves .. Trolleys designed to run on overhead rails or runways, when not forming structural parts of hoists or pulley blocks The decision appearing on page 335 of the Tariff Index and reading “Trolleys for overhead runways, &c.” is cancelled. 353 (8) (c) 353 (8) (c) 353 (8) (c) 353 (8) (c) .. ..
Medals, &c.— Badges imported by the undermentioned societies for distribution to members only and not for sale to the public New Zealand Christian Endeavour Union. The Scripture Union. .. 263 ..
Metal, manufactured articles of, &c.— Louvre frames, metal, fixed or variable-pitch, for fitting into window frames to support slats of glass or other material 356 (1) (c) .. ..
Records for gramophones, &c.— Tape, paper or plastic, impregnated or coated with magnetic oxide of iron, specially suited for use on sound recording machines 249 .. ..
Shipchandlery n.e.i.— Sheaves, galvanized iron, having U-shaped grooves and being 25 in. extreme diameter or over The decision on page 470 of the Tariff Index reading “Robertshaw thermostatic valve, &c.” is cancelled. 369 .. ..

(T.O. 142)

D. G. SAWERS, Comptroller of Customs.

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, 4th JULY, 1951

Liabilities £ s. d. Assets £ s. d.
2. General Reserve Fund .. 1,500,000 0 0 8. Reserve— (a) Gold .. 5,170,356 1 3
3. Bank-notes .. 59,491,993 0 0 (b) Sterling exchange* .. 75,482,864 9 11
4. Demand liabilities— (c) Gold exchange .. ..
(a) State .. 8,386,411 13 10 (d) Other exchange .. 411,212 17 0
(b) Banks .. 71,908,111 5 5 9. Subsidiary coin .. 560,276 16 7
(c) Other .. 5,755,374 3 1 10. Discounts— (a) Commercial and agricultural bills .. 284,242 2 9
5. Time deposits .. .. (b) Treasury and local-body bills .. ..
6. Liabilities in currencies other than New Zealand currency .. 83,931 16 7 11. Advances— (a) To the State or State undertakings— (1) Marketing organizations .. 2,612,891 15 1
7. Other liabilities .. 4,910,579 3 2 (2) For other purposes .. 50,000,000 0 0
(b) To other public authorities .. ..
(c) Other .. .. 6,037,326 15 11
12. Investments .. .. .. 7,974,228 3 7
13. Bank buildings .. .. .. 3,503,002 0 0
14. Other assets .. .. ..

£(N.Z.)152,036,401 2 1

  • Expressed in New Zealand currency.

W. R. EGGERS, Chief Accountant.



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✨ LLM interpretation of page content

🏭 Customs Decisions on Tariff Classifications

🏭 Trade, Customs & Industry
12 July 1951
Customs Acts, Tariff classifications, Import duties, Goods classification
  • D. G. Sawers, Comptroller of Customs

💰 Reserve Bank of New Zealand Statement of Assets and Liabilities

💰 Finance & Revenue
4 July 1951
Reserve Bank, Assets, Liabilities, Financial statement
  • W. R. Eggers, Chief Accountant