Financial Statement and Customs Decisions




SEPT. 6] THE NEW ZEALAND GAZETTE 1353

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, 29TH AUGUST, 1951

Liabilities
2. General Reserve Fund: £1,500,000 0 s. 0 d.
3. Bank-notes: £60,373,593 0 s. 0 d.
4. Demand liabilities—
(a) State: £14,182,852 10 s. 10 d.
(b) Banks: £81,660,476 15 s. 8 d.
(c) Other: £5,467,423 1 s. 9 d.
5. Time deposits: —
6. Liabilities in currencies other than New Zealand currency: £89,957 9 s. 10 d.
7. Other liabilities: £5,048,297 7 s. 10 d.
Total: £(N.Z.)168,322,600 5 s. 11 d.

Assets
8. Reserve—
(a) Gold: £5,306,481 13 s. 8 d.
(b) Sterling exchange*: £79,163,789 15 s. 2 d.
(c) Gold exchange: —
(d) Other exchange: £523,751 1 s. 6 d.
9. Subsidiary coin: £604,751 14 s. 2 d.
10. Discounts—
(a) Commercial and agricultural bills: —
(b) Treasury and local-body bills: —
11. Advances—
(a) To the State or State undertakings—
(1) Marketing organizations: £1,299,618 18 s. 2 d.
(2) For other purposes: £50,145,645 12 s. 4 d.
(b) To other public authorities: —
(c) Other: £6,018,613 13 s. 8 d.
12. Investments: £22,674,945 19 s. 9 d.
13. Bank buildings: —
14. Other assets: £2,585,001 17 s. 6 d.
Total: £(N.Z.)168,322,600 5 s. 11 d.

  • Expressed in New Zealand currency.
    W. R. EGGERS, Chief Accountant.

Decisions Under Customs Acts

Customs Department, Wellington, 4th September, 1951.

IT is hereby notified for public information that it has been decided to interpret the Customs Acts in relation to the undermentioned 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: British Preferential Tariff Rate of Duty: General Tariff
A. and m.s.—
Chemicals—
Weaving, dyeing, &c., of textiles—
Mordants—
150-4/38/20 Eriochromal mordant T.P. 448 (3) 3 per cent. 3 per cent.
Gramophones, &c.—
150-13/26/6 Recorders, sound, (not being recorders specially suited for office use) the recording medium of which is metal wire, metal coated paper, or metal coated plastic tape. (See also Tariff item 248 (3)) 248 (1) .. ..
The decision in T.O. 130 reading "Recorders, sound, the recording medium of which is metal wire, &c." is cancelled.
Machinery, &c.—
Manufacturing, &c.—
Bootmaking—
150-2/34/78 Moulds, electrically heated, used in vulcanizing rubber soles and insoles to shoe uppers 352 (a) .. ..
150-2/456/4 Skinning and sealing machines, fish 352 (b) .. ..
Pipes, tubes, and tubing—
Fittings for—
"Flush pipe connections, not composed of brass, &c." (decision on page 374 of the Tariff Index).
The following is to be added to the above decision—
150- Even if imported with the sanitary earthenware with which they are to be used 362 (6) .. ..
Tractors—
150-2/107/8 Allis-Chalmers crawler tractors, models HD. 9, HD. 15, HD. 20 .. 348 Free Free*.
* Under section 11 of the Customs Amendment Act, 1927.
Voice recording appliances specially suited for office use—
150-13/26/6 Recorders, sound, which use as a recording medium, wire or metal-coated paper or plastic tape, and which are equipped with— 248 (3) .. ..
(a) Dead stop and start capstan drive.
(b) Headphones.
(c) Foot operated stop and start control.
(d) A means of registering played time so that any portion of the wire or tape may be selected for playing at will. (See also Tariff item 248 (1)).

(T.O. 150)
D. G. SAWERS, Comptroller of Customs.



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✨ LLM interpretation of page content

💰 Reserve Bank of New Zealand Statement of Assets and Liabilities (continued from previous page)

💰 Finance & Revenue
29 August 1951
Reserve Bank, Assets, Liabilities, Financial Statement
  • W. R. Eggers, Chief Accountant

🏭 Decisions Under Customs Acts

🏭 Trade, Customs & Industry
4 September 1951
Customs, Tariff, Duty Rates, Classification
  • D. G. Sawers, Comptroller of Customs