1844
THE NEW ZEALAND GAZETTE
No. 75

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, 22 NOVEMBER 1961

Liabilities
£ s. d.
2. General Reserve Fund ..... ..... 1,500,000 0 0
3. Bank notes ..... ..... 87,312,774 10 0
4. Demand liabilities—
(a) State—
(i) Government marketing accounts ..... ..... 675,648 12 7
(ii) Other ..... ..... 11,371,241 9 0
(b) Banks ..... ..... 63,507,623 4 6
(c) Other
(i) Marketing organisations ..... 2,101,757 3 10
(ii) Other demand liabilities ..... 1,882,363 3 0
5. Time deposits ..... ..... .....
6. Liabilities in currencies other than New Zealand currency ..... ..... 272,674 11 11
7. Other liabilities ..... ..... 8,254,140 3 7

£176,878,222 18 5

Assets
£ s. d.
8 Reserve—
(a) Gold ..... ..... 242,331 19 4
(b) Sterling exchange ..... ..... 20,298,762 1 0
(c) Gold exchange ..... ..... .....
(d) Other exchange ..... ..... 821,926 18 4
9. Subsidiary coin ..... ..... 392,608 2 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 ..... 7,266,547 5 5
(b) To other public authorities .....
(c) Other—
(i) Marketing organisations ..... 31,217,708 12 6
(ii) Other advances ..... 21,270,000 0 0
12. Investments—
(a) Sterling ..... ..... 16,441,612 14 10
(b) Other ..... ..... 77,605,488 17 9
13. Bank buildings ..... ..... .....
14. Other assets ..... ..... 1,321,236 7 3

£176,878,222 18 5

R. M. SMITH, Chief Accountant.

New Zealand Railways—Schedule of Civil Engineering Contracts of £10,000 or More in Value

Name of Work
Successful Tenderer
Amount of Tender Accepted £

Civil Engineering:
Construction of a new railway station at Hastings .. .. S. E. Morgan and Sons Ltd., Hastings .. .. 16,780

A. T. GANDELL, General Manager.

Ministry of Works—Schedule of Civil Engineering and Housing Contracts of £10,000 or More in Value

Name of Work
Successful Tenderer
Amount of Tender Accepted £ s. d.

Civil Engineering:
Pokeno-Wellington S.H. 2: Petone-Ngauranga Section: Bitumen reseal and plant-mix void filler McLoughlin Asphalts Ltd. .. .. 19,198 6 8

Housing:
Contract 22/331: Five units at Hamilton .. .. J. B. Ansell .. .. .. 12,185 0 0
Contract 23/167: Four units at Invercargill .. .. I. J. Smith .. .. .. 11,684 1 0
Contract 36/250: Six units at Napier .. .. G. H. Kersey .. .. .. 15,214 0 0
Contract 36/252: Five units at Napier .. .. D. O’Dwyer .. .. .. 10,200 0 0
Contract 74/40: Five units at Huntly.. .. .. R. L. Goodall Ltd. .. .. 13,318 9 8
Contract 208/296: Seven units at Porirua .. .. J. R. Dunlop Construction Co. Ltd. .. .. 21,600 0 0
Contract 208/297: Eight units at Porirua .. .. T. E. A. Williams Ltd. .. .. 23,263 0 0
Contract: 269/89: Six units at Otara .. .. R. A. Morris and Son Ltd. .. .. 16,390 9 6
Contract 269/90: Four units at Otara .. .. Fletcher and Goad Ltd. .. .. 12,235 0 0
Contract 269/91: Four units at Otara .. .. N. J. Ranum Ltd. .. .. 11,720 0 0

F. M. HANSON, Commissioner of Works.

Order No. 8 (1961) of the Trade Practices and Prices Commission

In the matter of the Trade Practices Act 1958 and in the matter of the inquiry into agreements between the distributors of electric lamps manufactured by the New Zealand Electric Lamp Manufacturers Limited and their respective principals to sell electric lamps only on the terms and conditions laid down in a scheme known as General Scheme No. 5.

WHEREAS the Trade Practices and Prices Commission has pursuant to section 18 of the Trade Practices Act 1958 conducted an inquiry into agreements between Allum Electrical Co. Ltd., Ashby Bergh and Co. Ltd., A. and T. Burt Ltd., British General Electric Co. Ltd., H. W. Clarke (N.Z.) Ltd., Claude Neon Lights of N.Z. Ltd., Cory-Wright and Salmon Ltd., Electric Construction Company of New Zealand Ltd., Farmers Cooperative Wholesale Federation (N.Z.) Ltd., National Electrical and Engineering Co. Ltd., J. J. Niven and Co. Ltd., Philips Electrical Industries of N.Z. Ltd., H. C. Urlwin Ltd., Associated Electrical Industries (N.Z.) Ltd., and Tolley and Son Ltd. (hereinafter referred to as “the distributors”) and their respective principals whereby the distributors agree with their respective principals (inter alia) to sell lamps manufactured by the New Zealand Electric Lamp Manufacturers Ltd. only on the terms and conditions laid down in a scheme known as “General Scheme No. 5”.

And whereas the Trade Practices and Prices Commission is of opinion that the agreements by each of the distributors to adhere to:

(a) The provisions contained in paragraphs 1, 2, and 8 of section “F” of the said General Scheme and
(b) Those provisions of section “C” of the said General Scheme for variable rates of discount for different buyers in the same category are trade practices the continuance of which would be contrary to the public interest.

Now therefore the Trade Practices and Prices Commission pursuant to sections 19 and 21 of the Trade Practices Act 1958 hereby orders and directs:

1. (a) The discontinuance of the practice of each and everyone of the distributors adhering to the provisions contained in paragraphs 1, 2, and 8 of section “F” of General