New Zealand Gazette – 1953 – No. 1

Page 46

✨ Financial Statements



46
THE NEW ZEALAND GAZETTE
[No. 1

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,
31 DECEMBER 1952

Liabilities
£ s. d.
2. General Reserve Fund .. .. .. 1,500,000 0 0
3. Bank-notes .. .. .. 69,247,134 10 0
4. Demand liabilities—
(a) State .. .. .. 7,680,624 9 2
(b) Banks .. .. .. 71,992,483 3 9
(c) Other .. .. .. 175,599 11 2
5. Time deposits .. .. .. ..
6. Liabilities in currencies other than New Zealand currency .. .. .. 10,558 5 8
7. Other liabilities .. .. .. 6,133,061 14 11

£(N.Z.)156,739,461 14 8

Assets
£ s. d.
8. Reserve—
(a) Gold .. .. .. 6,012,895 5 10
(b) Sterling exchange* .. .. 30,466,725 1 11
(c) Gold exchange .. .. ..
(d) Other exchange .. .. 652,017 5 6
9. Subsidiary coin .. .. 633,003 13 9
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 .. 3,006,709 13 5
(2) For other purposes .. 51,214,364 6 7
(b) To other public authorities .. ..
(c) Other .. .. .. 6,018,613 13 8
12. Investments† .. .. .. 58,131,885 13 1
13. Bank buildings .. .. ..
14. Other assets .. .. .. 603,247 0 11

£(N.Z.)156,739,461 14 8

  • Expressed in New Zealand currency.
    † Included in this item are sterling investments of £(N.Z.)22,090,079 12s. 4d.

H. M. IBELL, Deputy Chief Accountant.

RESERVE BANK OF NEW ZEALAND

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF ASSETS AND LIABILITIES AS AT CLOSE OF BUSINESS ON WEDNESDAY,
26 NOVEMBER 1952

(In accordance with section 46 of the Reserve Bank of New Zealand Act 1933)

(All Amounts in New Zealand Currency)

LIABILITIES

Bank of New Zealand. Australia and New Zealand Bank, Limited. Bank of New South Wales. National Bank of New Zealand, Limited. Commercial Bank of Australia, Limited. Totals.
(a) Demand liabilities in New Zealand £ 71,763,876 £ 40,479,205 £ 24,629,005 £ 33,476,963 £ 13,098,656 £ 183,447,705
(b) Time liabilities in New Zealand 21,325,126 18,050,550 10,382,933 12,123,502 2,909,658 64,791,769
(c) Demand liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 962,475 400,509 84,065 2,698,602 193,993 4,339,644
(d) Time liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 89,409 307,003 370,489 182,947 756 950,604
(j) Notes of own issue in circulation payable in New Zealand .. .. .. .. .. ..
(m) New Zealand business excess of assets over liabilities 9,505,776 1,141,863 .. 3,213,865 .. 13,861,504
Totals 103,646,662 60,379,130 35,466,492 51,695,879 16,203,063 267,391,226

ASSETS

Bank of New Zealand. Australia and New Zealand Bank, Limited. Bank of New South Wales. National Bank of New Zealand, Limited. Commercial Bank of Australia, Limited. Totals.
(e) Reserve balances held in the Reserve Bank of New Zealand £ 21,534,915 £ 18,106,937 £ 13,325,141 £ 10,308,602 £ 5,068,338 £ 68,343,933
(f) Overseas assets in respect of New Zealand business—
(1) In London 5,716,860 1,909,282 904,914 3,796,446 161,118 12,488,620
(2) Elsewhere than in London 2,378,496 909,120 249,001 979,306 2,629 4,518,552
(g) (1) Gold and gold bullion held in New Zealand .. .. .. .. .. ..
(2) Subsidiary coin held in New Zealand 614,973 234,439 150,547 445,273 109,687 1,554,919
(h) Aggregate advances in New Zealand *56,998,445 34,869,771 17,663,155 31,354,964 7,998,385 148,884,720
(h) Aggregate discounts in New Zealand 190,684 937,233 243,649 350,105 276,758 1,998,429
(i) Reserve Bank of New Zealand notes 6,897,417 1,044,918 709,372 1,658,588 264,848 10,575,143
(k) Securities held in New Zealand—
(1) Government 6,866,382 1,549,911 207,670 2,098,917 964,546 11,687,426
(2) Other than Government 816,205 401,125 .. .. 37,896 1,255,226
(l) Value of land, buildings, furniture, fittings, and equipment held in New Zealand 1,632,285 416,394 507,077 703,678 508,277 3,767,711
(m) New Zealand business excess of liabilities over assets .. .. 1,505,966 .. 810,581 2,316,547
Totals 103,646,662 60,379,130 35,466,492 51,695,879 16,203,063 267,391,226
  • Includes transfers to Long-term Mortgage Department, £204,278.
    (h h) Aggregate unexercised overdraft authorities, £76,859,210.

Wellington, N.Z., 18 December 1952.
T. P. HANNA, Chief Cashier.



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✨ LLM interpretation of page content

💰 Statement of Assets and Liabilities of the Reserve Bank of New Zealand as at 31 December 1952 (continued from previous page)

💰 Finance & Revenue
Assets, Liabilities, Reserve Bank, Financial Statement
  • H. M. Ibell, Deputy Chief Accountant

💰 Summary of Trading Banks’ Monthly Returns of Assets and Liabilities as at 26 November 1952

💰 Finance & Revenue
18 December 1952
Assets, Liabilities, Trading Banks, Financial Returns
  • T. P. Hanna, Chief Cashier