New Zealand Gazette – 1961 – No. 28

Page 622

✨ Financial Statements and Price Orders



622

THE NEW ZEALAND GAZETTE

No. 28

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, 19 APRIL 1961

Liabilities

£ s. d.
2. General Reserve Fund £1,500,000 0 0
3. Bank notes 83,528,219 0 0
4. Demand liabilities—
(a) State—
(i) Government marketing accounts 1,318,521 16 6
(ii) Other 14,742,938 6 9
(b) Banks 47,955,777 11 8
(c) Other—
(i) Marketing organisations 220,508 2 8
(ii) Other demand liabilities 1,029,772 3 7
5. Time deposits 65,403 15 11
6. Liabilities in currencies other than New Zealand currency
7. Other liabilities 10,919,327 0 9

£161,280,467 17 10

Assets

£ s. d.
8. Reserve—
(a) Gold 315,292 13 6
(b) Sterling exchange 7,726,748 17 8
(c) Gold exchange
(d) Other exchange 655,911 13 0
9. Subsidiary coin 375,315 16 0
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
(ii) For other purposes 41,386 17 1
(b) To other public authorities
(c) Other—
(i) Marketing organisations 35,289,986 10 11
(ii) Other advances 6,477,000 0 0
12. Investments—
(a) Sterling 31,267,241 14 10
(b) Other 71,307,962 15 5
13. Bank buildings
14. Other assets—
(a) Gold 5,848,080 10 11
(b) Other 1,975,540 8 6

£161,280,467 17 10

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 28 April 1961, 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 25 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, 27 April 1961.

Price Order No. 1842 (Amendment No. 15 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. 1842 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 1st day of May 1961.

  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 Nil Nil - 1 + 5 Nil + 3 + 3 + 3
Auckland Nil - 1 + 2 Nil + 2 Nil + 3 + 3
South Auckland - 2 - 2 - 3 + 4 Nil + 2 Nil + 3
Gisborne and Hawke’s Bay - 2 - 2 - 4 + 2 Nil + 2 + 1 Nil
Taranaki - 1 - 2 - 3 + 2 Nil + 1 Nil Nil
Wanganui - 2 - 2 - 3 + 3 Nil + 2 + 1 Nil
Manawatu - 2 - 1 - 4 + 2 + 1 + 1 + 1 Nil
Wairarapa + 1 - 1 - 3 + 1 Nil + 3 + 2 Nil
Wellington + 2 - 1 - 4 + 3 Nil + 2 + 2 + 1
Marlborough, Nelson, and Westland + 3 - 2 - 4 + 6 + 2 + 5 + 3 + 3
Canterbury + 3 - 1 - 3 + 6 + 1 + 4 + 2 + 2
Otago - 2 - 3 - 4 + 8 Nil + 5 Nil + 3
Southland - 1 - 3 - 3 + 8 Nil + 5 Nil + 3

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

Dated at Wellington this 26th day of April 1961.

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

[L.s.]

(I. and C.)

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

  • Gazette, 3 March 1960, Vol. I, p. 295


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✨ LLM interpretation of page content

💰 Reserve Bank of New Zealand Statement of Assets and Liabilities

💰 Finance & Revenue
19 April 1961
Reserve Bank, Financial Statement, Assets, Liabilities, Banking
  • R. M. Smith, Chief Accountant

💰 Reserve Bank of New Zealand Notice on Minimum Balance Requirements

💰 Finance & Revenue
27 April 1961
Reserve Bank, Banking Regulations, Minimum Balance, Demand Liabilities, Time Liabilities
  • E. C. Fussell, Governor of the Reserve Bank

🏭 Price Order Amendment for Meat Retail

🏭 Trade, Customs & Industry
26 April 1961
Price Control, Meat Retail, Price Order, Maximum Prices, Pricing Districts
  • S. T. Barnett, President
  • R. D. Christie, Member
  • F. F. Simmons, Member