New Zealand Gazette – 1960 – No. 27

Page 550

✨ Financial and Pricing Notices



550
THE NEW ZEALAND GAZETTE
No. 27

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, 20 APRIL 1960

Liabilities

  1. General Reserve Fund
  2. Bank notes
  3. Demand liabilities—
    (a) State—
    (i) Government marketing accounts
    (ii) Other
    (b) Banks
    (c) Other—
    (i) Marketing organisations
    (ii) Other demand liabilities
  4. Time deposits
  5. Liabilities in currencies other than New Zealand currency
  6. Other liabilities

£ s. d.
1,500,000 0 0
80,768,401 10 0
201,994 10 11
7,543,932 4 8
74,500,490 18 6
478,562 13 11
1,722,371 16 0
——
58,492 13 10
10,200,338 17 8

£176,974,585 5 6

Assets

  1. Reserve—
    (a) Gold
    (b) Sterling exchange
    (c) Gold exchange
    (d) Other exchange
  2. Subsidiary coin
  3. Discounts—
    (a) Commercial and agricultural bills
    (b) Treasury and local body bills
  4. Advances—
    (a) To the State or State undertakings—
    (i) Government marketing accounts
    (ii) For other purposes
    (b) To other public authorities
    (c) Other—
    (i) Marketing organisations
    (ii) Other advances
  5. Investments—
    (a) Sterling
    (b) Other
  6. Bank buildings
  7. Other assets—
    (a) Gold
    (b) Other

£ s. d.
315,240 9 6
62,049,459 5 9
——
553,606 6 6
600,812 4 7
——
——
——
897,256 0 7
——
22,532,172 1 8
——
11,724,497 7 4
71,308,147 0 6
——
5,848,080 10 11
1,145,313 18 2

£176,974,585 5 6

R. M. SMITH, Chief Accountant.

Reserve Bank of New Zealand

PURSUANT to section 45 of the Reserve Bank of New Zealand Act 1933 (as amended by section 23 of the Reserve Bank of New Zealand Amendment Act 1936), the Governor of the Reserve Bank, acting with the authority of the Minister of Finance, hereby gives notice that, as from 29 April 1960, the balance to be maintained in the Reserve Bank by each other bank for the time being carrying on business in New Zealand in accordance with the said section 45 shall be such that, when added to that bank’s holding of Reserve Bank notes, it shall be equal to not less than 29 per cent of its demand liabilities in New Zealand, plus 10 per cent of its time liabilities in New Zealand, as shown in the last preceding monthly return furnished by that bank in accordance with section 46 of the Reserve Bank of New Zealand Act 1933.

Provided that the minimum balance to be maintained at the Reserve Bank shall not be less than 7 per cent of its demand liabilities in New Zealand, plus 3 per cent of its time liabilities in New Zealand.

For the purpose of this calculation a bank’s holding of Reserve Bank notes shall be as shown in the latest available weekly return provided under the Statistics Act 1955.

E. C. FUSSELL, Governor of the Reserve Bank.
Reserve Bank of New Zealand, Wellington, 26 April 1960.

Price Order No. 1804 (Amendment No. 2 of Price Order No. 1800) (Meat Retail)

PURSUANT to the Control of Prices Act 1947, the Price Tribunal hereby makes the following amending price order.

  1. This order may be cited as Price Order No. 1804 and shall be read together with and deemed part of Price Order No. 1800* (hereinafter referred to as the principal order).

  2. This order shall come into force on the 2nd day of May 1960.

  3. The principal order is hereby amended by revoking the Third Schedule thereto, and substituting the following Schedule.

“THIRD SCHEDULE

MAXIMUM RETAIL PRICES OF MEAT TO WHICH THIS ORDER APPLIES

THE maximum retail prices of meat of the kinds, grades, and descriptions specified in the Second Schedule, shall for each meat pricing district, be the basic retail prices for those kinds, grades, and descriptions plus or minus per pound the amounts specified hereunder:

Name of Meat Pricing District Veal, First and Second Grades Beef, First Grade Beef, Second and Third Grades Pork, First and Second Grades Lamb, First and Second Grades Hogget† Mutton, First Grade† Mutton, Second and Third Grades†
North Auckland d. — 2 d. — 1 d. — 3 d. Nil d. + 2 d. + 1 d. Nil d. + 3
Auckland — 1 Nil — 2 + 1 + 1 + 1 Nil + 2
South Auckland — 2 — 3 — 3 + 2 Nil — 1 + 1 + 2
Gisborne and Hawke’s Bay + 1 — 2 — 3 + 1 + 2 Nil + 1 — 1
Taranaki — 1 — 3 — 2 + 1 — 1 — 1 — 2 — 1
Wanganui Nil — 2 — 3 + 1 + 2 Nil + 1 — 1
Manawatu + 1 — 1 — 2 + 1 + 1 Nil + 1 — 1
Wairarapa + 1 — 2 — 4 — 1 + 2 — 1 — 1 — 1
Wellington + 2 — 1 — 3 + 2 + 1 Nil + 1 Nil
Marlborough, Nelson, and Westland — 5 — 2 — 5 + 4 Nil + 1 + 1 Nil
Canterbury — 3 — 1 — 4 + 4 — 1 Nil Nil — 1
Otago — 5 — 3 — 5 + 5 — 3 — 2 — 4 Nil
Southland — 4 — 3 — 4 + 5 — 3 — 2 — 4 Nil”

†Except flap chops and whole flaps which shall not exceed basic retail prices.

Dated at Wellington this 27th day of April 1960.

The seal of the Price Tribunal was affixed hereto in the presence of—

[L.S.]

(I. & C.)

S. T. BARNETT, President.
R. D. CHRISTIE, Member.
F. F. SIMMONS, Member.

*Gazette, 3 March 1960, No. 15, p. 295



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✨ LLM interpretation of page content

💰 Reserve Bank of New Zealand Statement of Assets and Liabilities

💰 Finance & Revenue
20 April 1960
Reserve Bank, Assets, Liabilities, Gold, Sterling exchange, Bank notes, Demand liabilities, Time deposits, Investments
  • R. M. Smith, Chief Accountant

💰 Reserve Bank of New Zealand Notice on Bank Balance Requirements

💰 Finance & Revenue
26 April 1960
Reserve Bank, Bank balance, Demand liabilities, Time liabilities, Reserve Bank Act 1933, Statistics Act 1955
  • E. C. Fussell, Governor of the Reserve Bank

🏭 Price Order Amendment for Meat Retail

🏭 Trade, Customs & Industry
27 April 1960
Price Order, Meat Retail, Price Tribunal, Control of Prices Act 1947, Maximum retail prices, Meat pricing districts
  • S. T. Barnett, President
  • R. D. Christie, Member
  • F. F. Simmons, Member