21 JUNE
THE NEW ZEALAND GAZETTE
835
Decisions Under the Sales Tax Act 1932–33
THE following decisions in interpretation of the Sales Tax Act 1932–33 are published for public information:
PART I—GOODS INCLUDED IN STATUTORY EXEMPTIONS FROM SALES TAX
| Decision | Record No. |
|---|---|
| AGRICULTURAL IMPLEMENTS, MACHINERY, AND APPLIANCES, AS MAY BE APPROVED BY THE MINISTER— Flower and plant pots, having a hole in the base, and reservoir dishes when sold therewith .. Hanging wire baskets for growing plants | 16-(s) 14/3/- 16-(s) 3/80/2 |
| BICYCLES, BEING CYCLES PROPELLED ONLY BY PEDALS AND HAVING WHEELS NOT LESS THAN 16 IN. IN DIAMETER, ETC.— Cycle touring, and pannier bags | 16-(s) 11/14/- |
| FLOWERS, CUT, IN THEIR NATURAL STATE, AND LEAVES, GRASSES, AND SIMILAR ARTICLES SUITABLE FOR USE THEREWITH, ALSO WREATHS, BOUQUETS, AND SIMILAR GOODS MADE WHOLLY OR CHIEFLY THEREFROM— Wire foundation frames for wreaths | 16-(s) 3/80/2 |
| GOODS, WHETHER MADE IN NEW ZEALAND OR IMPORTED, WHICH, IF IMPORT- ED, WOULD BE CLASSED UNDER THE FOLLOWING ITEM OF THE CUSTOMS TARIFF: | |
| Tariff Item | Decision | Record No. |
|---|---|---|
| 237 | (1) CLOCKS— Clock escapements and parts whether classed under Tariff item 237 or admitted under Tariff item 448 (3) | 16-(s) 3/118/46 |
PART II—DECISIONS WHICH ARE CANCELLED
| Statutory Exemption | Decision |
|---|---|
| Containers, being ordinary trade containers, etc. | Flower and plant pots of earthenware ... sold therewith. |
Dated at Wellington this 21st day of June 1956.
(S.T.D. 16)
J. P. D. JOHNSEN, 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, 6 JUNE 1956
Liabilities
| £ | s. | d. |
|---|---|---|
| 2. General Reserve Fund | 1,500,000 | 0 | 0 |
| 3. Bank notes | 69,686,401 | 10 | 0 |
| 4. Demand liabilities— | | |
| (a) State— | | |
| (i) Government Marketing Accounts | 1,883,871 | 3 | 6 |
| (ii) Other | 10,470,891 | 0 | 2 |
| (b) Banks | | |
| | 72,964,880 | 13 | 11 |
| (c) Other— | | |
| (i) Marketing organisations | 486,942 | 4 | 0 |
| (ii) Other demand liabilities | 1,560,497 | 9 | 0 |
| 5. Time deposits | | |
| 6. Liabilities in currencies other than New Zealand currency | 178,350 | 16 | 6 |
| 7. Other liabilities | 9,561,734 | 7 | 2 |
£(N.Z.) 168,293,569 4 3
Assets
| £ | s. | d. |
|---|---|---|
| 8. Reserve— | | |
| (a) Gold | 6,161,590 | 18 | 10 |
| (b) Sterling exchange | 55,915,520 | 6 | 10 |
| (c) Gold exchange | | |
| (d) Other exchange | 390,744 | 1 | 3 |
| 9. Subsidiary coin | 594,115 | 8 | 10 |
| 10. Discounts— | | |
| (a) Commercial and agricultural bills | | |
| (b) Treasury and local body bills | | |
| 11. Advances— | | |
| (a) To the State or State undertakings— | | |
| (i) Government Marketing Accounts | 430,583 | 0 | 4 |
| (ii) For other purposes | 29,310,917 | 8 | 0 |
| (b) To other public authorities | | |
| (c) Other— | | |
| (i) Marketing organisations | 19,277,174 | 4 | 7 |
| (ii) Other advances | 16,873,749 | 18 | 11 |
| 12. Investments— | | |
| (a) Sterling | 27,785,974 | 9 | 3 |
| (b) Other | 10,388,274 | 3 | 0 |
| 13. Bank buildings | | |
| 14. Other assets | 1,164,925 | 4 | 5 |
£(N.Z.) 168,293,569 4 3
*Expressed in New Zealand currency.
R. N. FLEMING, Chief Accountant.