New Zealand Gazette – 1954 – No. 42

Page 1119

✨ Reserve Bank Financial Statements



8 JULY] THE NEW ZEALAND GAZETTE 1119

RESERVE BANK OF NEW ZEALAND

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1954

Dr £ s. d. Cr £ s. d.
General charges, including salaries, rent, cost of note issue, and other expenses 326,760 3 1 Balance of profit after making provision for rebate on Treasury bills not yet due and for sundry liabilities and contingencies 2,598,692 9 7
Balance being profit for year 2,071,932 6 6
£2,598,692 9 7 £2,598,692 9 7

PROFIT AND LOSS APPROPRIATION ACCOUNT

Dr £ s. d. Cr £ s. d.
Payment to New Zealand Government in terms of section 36 of Reserve Bank of New Zealand Act 1933 1,277,267 15 4 Balance as at 1 April 1953 1,277,267 15 4
Balance 2,071,932 6 6 Balance from Profit and Loss Account 2,071,932 6 6
£3,349,200 1 10 £3,349,200 1 10

BALANCE SHEET AS AT 31 MARCH 1954

Liabilities £ s. d. Assets £ s. d.
General Reserve Fund 1,500,000 0 0 Gold (at cost) 6,157,570 17 8
Bank notes 68,003,566 0 0 Sterling exchange 78,210,556 6 2
Demand Liabilities— Other exchange 554,982 5 4
(a) State— Subsidiary coin 612,245 17 2
(i) Government Marketing Accounts 898 8 6 Advances—
(ii) Other 32,591,939 8 11 To State or State undertakings—
(b) Banks 68,325,690 11 8 (a) Government Marketing Accounts 2,719,152 6 1
(c) Other— (b) For Other Purposes 50,014,340 0 6
(i) Marketing organizations 303,850 12 3 Other—
(ii) Other demand liabilities 4,957,356 0 2 (a) Marketing organizations 4,616,853 8 2
Liabilities in currencies other than New Zealand currency 51,271 19 1 (b) Other advances 6,018,613 13 8
Other accounts 6,058,053 9 6 Investments—
Profit and Loss Appropriation Account 2,071,932 6 6 (a) Sterling 23,715,974 9 3
(b) Other 10,186,011 2 2
£183,864,558 16 7 Other assets 1,058,258 10 5
N.B.—Holdings of sterling have been converted into New Zealand currency at the rate of £100 sterling equals £100 (N.Z.)
£183,864,558 16 7

E. C. FUSSELL, Governor.
A. ROSS, Deputy Governor.
W. R. EGGERS, Chief Accountant.

AUDITORS’ CERTIFICATE AND REPORT

We have audited the Balance Sheet as at 31 March 1954, above set forth, and we have obtained all the information and explanations we have required.

We have accepted the certificate of the Bank of England as to the assets held on account of the Reserve Bank of New Zealand.

In our opinion the Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of affairs of the Bank as at 31 March 1954, according to the best of our information and the explanations given us and as shown by the books of the Bank.

D. A. F. CROMBIE,
F. H. HARRIS,
} Public Accountants, Auditors.

Wellington, New Zealand, 25 June 1954.

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, 23 JUNE 1954

Liabilities £ s. d. Assets £ s. d.
2. General Reserve Fund 1,500,000 0 0 8. Reserve—
3. Bank notes 67,569,321 0 0 (a) Gold 6,169,226 14 0
4. Demand liabilities— (b) Sterling exchange* 90,795,708 19 4
(a) State— (c) Gold exchange
(i) Government Marketing Accounts 40,879 11 1 (d) Other exchange 503,038 16 10
(ii) Other 6,715,671 10 4 9. Subsidiary coin 606,885 8 1
(b) Banks 57,128,050 17 8 10. Discounts—
(c) Other— (a) Commercial and agricultural bills
(i) Marketing organizations 255,911 1 5 (b) Treasury and local-body bills
(ii) Other demand liabilities 2,383,091 11 3 11. Advances—
5. Time deposits (a) To the State or State undertakings—
6. Liabilities in currencies other than New Zealand currency 4,664 10 0 (i) Government Marketing Accounts 4,618,994 13 2
7. Other liabilities 8,406,426 1 4 (ii) To other public authorities 33,605,372 1 2
(c) Other—
(i) Marketing organizations 6,434,358 8 4
(ii) Other advances 6,368,613 13 8
12. Investments—
(a) Sterling* 23,715,974 9 3
(b) Other 283,529 8 2
13. Bank buildings
14. Other assets 952,313 11 1
£ (N.Z.) 174,004,016 3 1 £ (N.Z.) 174,004,016 3 1

*Expressed in New Zealand currency.

W. R. EGGERS, Chief Accountant.



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✨ LLM interpretation of page content

💰 Reserve Bank of New Zealand Profit and Loss Account

💰 Finance & Revenue
31 March 1954
Profit and Loss Account, Reserve Bank, Financial year, Expenses, Profit, Balance
  • E. C. Fussell, Governor
  • A. Ross, Deputy Governor
  • W. R. Eggers, Chief Accountant

💰 Reserve Bank of New Zealand Profit and Loss Appropriation Account

💰 Finance & Revenue
31 March 1954
Appropriation Account, Reserve Bank, New Zealand Government, Reserve Bank of New Zealand Act 1933, Balance
  • E. C. Fussell, Governor
  • A. Ross, Deputy Governor
  • W. R. Eggers, Chief Accountant

💰 Reserve Bank of New Zealand Balance Sheet

💰 Finance & Revenue
31 March 1954
Balance Sheet, Reserve Bank, Liabilities, Assets, General Reserve Fund, Bank notes, Sterling exchange
  • E. C. Fussell, Governor
  • A. Ross, Deputy Governor
  • W. R. Eggers, Chief Accountant
  • D. A. F. Crombie, Public Accountant, Auditor
  • F. H. Harris, Public Accountant, Auditor

💰 Reserve Bank of New Zealand Statement of Assets and Liabilities

💰 Finance & Revenue
23 June 1954
Statement of Assets and Liabilities, Reserve Bank, Gold, Sterling exchange, Demand liabilities, Advances, Investments
  • W. R. Eggers, Chief Accountant