New Zealand Gazette – 1961 – No. 43

Page 961

✨ Regulations and Financial Statements



6 JULY

THE NEW ZEALAND GAZETTE

961

Notice Under the Regulations Act 1936

Pursuant to the Regulations Act 1936, notice is hereby given of the making of regulations as under:

Authority for Enactment Short Title or Subject-matter Serial Number Date of Enactment Price (Postage Free)
Licensing Act 1908 Licensing Regulations 1949, Amendment No. 4 1961/76 5/7/61 1s.

Copies can be purchased from the Government Publications Bookshops—corner of Rutland and Lorne Streets (P.O. Box 5344), Auckland; corner of Lambton Quay and Bunny Street (Private Bag), Wellington; 112 Gloucester Street (P.O. Box 1721), Christchurch. Prices for quantities supplied on application. Copies may be ordered by quoting serial number.

R. E. OWEN, Government Printer.

RESERVE BANK OF NEW ZEALAND

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1961

£ s. d. £ s. d.
General charges, including salaries, rent, cost of note issue, and other expenses 941,063 2 7 Balance of profit after making provision for rebate on Treasury bills not yet due and for sundry liabilities and contingencies 5,527,717 8 7
Balance, being profit for year 4,586,654 6 0
£5,527,717 8 7 £5,527,717 8 7

PROFIT AND LOSS APPROPRIATION ACCOUNT

£ s. d. £ s. d.
To payment to New Zealand Government in terms of section 36 of Reserve Bank of New Zealand Act 1933 3,497,382 7 9 Balance as at 1 April 1960 3,497,382 7 9
Balance 4,586,654 6 0 Balance from Profit and Loss Account 4,586,654 6 0
£8,084,036 13 9 £8,084,036 13 9

BALANCE SHEET AS AT 31 MARCH 1961

Liabilities £ s. d. Assets £ s. d.
General Reserve Fund 1,500,000 0 0 Gold (at cost) 315,288 6 6
Bank notes 83,678,382 0 0 Sterling exchange 9,639,626 13 2
Demand liabilities—State— 1,155,021 12 9 Other exchange 367,035 10 8
(i) Government marketing accounts 26,432,547 10 7 Subsidiary coin 379,195 6 11
(ii) Other 34,637,790 7 1 Advances—To State or State undertakings—Government marketing accounts 22,930 4 5
(b) Banks 167,938 18 4 (ii) For other purposes 37,936,612 17 10
(c) Other—Marketing organisations 2,291,267 9 11 (b) Other—Marketing organisations 555,000 0 0
(ii) Other demand liabilities 137,965 8 2 Investments—Sterling 33,297,241 14 10
Liabilities in currencies other than New Zealand currency 7,384,673 10 9 (b) Other 71,307,962 15 5
Other accounts 4,586,654 6 0 Other assets 8,151,347 13 10
Profit and Loss Appropriation Account N.B.—Holdings of sterling have been converted into New Zealand currency at the rate of £100 sterling equals £100(N.Z.).

Contingent Liabilities

(1) In respect of advances to the Government of New Zealand to a limit of $34,500,000, a quantity of gold bullion included under other assets has been pledged by the Bank.

(2) In respect of a loan of $9,000,000 to Tasman Empire Airways Ltd., a joint and several guarantee in conjunction with the Reserve Bank of Australia has been executed. The Government of New Zealand has indemnified the Bank in respect of both the above.

(3) In respect of an investment in 250,000 £1 shares in Commonwealth Development Finance Co. Ltd. of which 10s. per share is uncalled.

£161,972,241 3 7

£161,972,241 3 7

E. C. FUSSELL, Governor.

G. WILSON, Deputy Governor.

R. M. SMITH, Chief Accountant.

AUDITOR'S CERTIFICATE AND REPORT

We have audited the balance sheet as at 31 March 1961, 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 1961, according to the best of our information and the explanations given to us and as shown by the books of the Bank.

D. A. F. CROMBIE

F. H. HARRIS

} Public Accountants, Auditors,

15 June 1961.



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✨ LLM interpretation of page content

🏛️ Notice of Making of Regulations

🏛️ Governance & Central Administration
Regulations Act 1936, Licensing Regulations, Amendment
  • R. E. Owen, Government Printer.

💰 Reserve Bank of New Zealand Profit and Loss Account and Balance Sheet

💰 Finance & Revenue
15 June 1961
Reserve Bank of New Zealand, Profit and Loss Account, Balance Sheet, Financial Statements, 1961
  • E. C. Fussell, Governor.
  • G. Wilson, Deputy Governor.
  • R. M. Smith, Chief Accountant.
  • D. A. F. Crombie
  • F. H. Harris