706
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, 25 APRIL, 1962

Liabilities
£ s. d.
2. General Reserve Fund --- --- 1,500,000 0 0
3. Bank notes --- --- 83,381,102 0 0
4. Demand liabilities—
(a) State—
(i) Government marketing accounts --- --- 1,205,421 8 5
(ii) Other --- --- 23,338,491 12 4
(b) Banks --- --- 60,870,596 5 0
(c) Other
(i) Marketing organisations --- --- 2,145,404 11 11
(ii) Other demand liabilities --- --- 2,521,532 13 11
5. Time deposits --- --- ---
6. Liabilities in currencies other than New Zealand currency --- --- 16,246 9 3
7. Other liabilities --- --- 11,087,447 12 7

£186,066,242 13 5

Assets
£ s. d.
8. Reserve—
(a) Gold --- --- 242,331 19 4
(b) Sterling exchange --- --- 27,289,590 17 11
(c) Gold exchange --- --- ---
(d) Other exchange --- --- 776,329 12 10
9. Subsidiary coin --- --- 273,063 8 11
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 --- --- 9,932,834 7 3
(ii) For other purposes ---
(b) To other public authorities ---
(c) Other—
(i) Marketing organisations --- --- 49,004,972 9 8
(ii) Other advances --- --- 8,935,000 0 0
12. Investments—
(a) Sterling --- --- 16,441,612 14 10
(b) Other --- --- 71,157,855 16 2
13. Bank buildings --- --- ---
14. Other assets --- --- 2,012,651 6 6

£186,066,242 13 5

R. M. SMITH, Chief Accountant.

RESERVE BANK OF NEW ZEALAND

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF ASSETS AND LIABILITIES AS AT CLOSE OF BUSINESS ON WEDNESDAY, 28 MARCH 1962

(In accordance with section 46 of the Reserve Bank of New Zealand Act 1933)

(All Amounts in New Zealand Currency)

LIABILITIES
(a) Demand liabilities in New Zealand .. .. £ 55,138,580 £ 34,457,572 £ 109,475,780 £ 18,706,109 £ 47,268,946 £ 265,046,987
(b) Time liabilities in New Zealand .. .. .. 18,605,660 10,801,157 21,173,748 3,526,986 13,879,094 67,986,645
(c) Demand liabilities elsewhere than in New Zealand incurred in respect of New Zealand business .. 780,502 1,991,625 1,460,140 175,510 6,058,533 10,466,310
(d) Time liabilities elsewhere than in New Zealand incurred in respect of New Zealand business .. 333,290 84,491 49,939 28,210 344,634 840,564
(j) Notes of own issue in circulation payable in New Zealand .. .. .. .. .. 2,207,232
(m) New Zealand business excess of assets over liabilities .. .. .. .. .. 2,207,232
Totals .. .. .. 74,858,032 47,334,845 134,366,839 22,436,815 67,551,207 346,547,738

ASSETS
(e) Reserve balances held in the Reserve Bank of New Zealand .. .. .. £ 10,444,455 £ 7,324,479 £ 14,148,815 £ 3,514,508 £ 8,838,654 £ 44,270,911
(f) Overseas assets in respect of New Zealand business—
(1) In London .. .. .. 9,062,553 3,440,510 4,094,465 1,206,672 5,526,859 23,331,059
(2) Elsewhere than in London .. .. .. 1,043,982 43,546 3,320,281 15,212 703,456 5,126,477
(g) 1. Gold and gold bullion held in New Zealand .. .. .. 356,539 172,862 776,127 111,838 333,145 1,750,511
2. Subsidiary coin held in New Zealand .. .. .. --- --- --- --- --- ---
(h) 1. Aggregate advances in New Zealand .. .. .. 41,976,570 31,974,781 *82,675,180 14,314,723 41,153,208 212,094,462
2. Aggregate discounts in New Zealand .. .. .. 1,641,363 738,236 1,255,004 675,807 798,374 5,108,784
(i) Reserve Bank of New Zealand notes .. .. .. 2,179,963 1,078,050 10,395,383 538,486 2,216,535 16,408,417
(k) Securities held in New Zealand—
(1) Government .. .. .. 1,549,133 321,492 6,932,405 562,962 2,130,977 11,496,969
(2) Other than Government .. .. .. 2,944,574 178,000 5,924,183 398,814 2,285,000 11,730,571
(l) Value of land, buildings, furniture, fittings, and equipment held in New Zealand .. .. .. 1,295,614 1,108,289 4,844,996 905,136 2,088,675 10,242,710
(m) New Zealand business excess of liabilities over assets .. .. .. 2,363,286 954,600 .. 192,657 1,476,324 4,986,867
Totals .. .. .. 74,858,032 47,334,845 134,366,839 22,436,815 67,551,207 346,547,738

*Includes transfers to Long-term Mortgage Department, £125,527.
(h h) Aggregate unexercised overdraft authorities: £117,160,159.

Wellington, New Zealand, 10 April 1962.

H. N. AVERY, Chief Cashier.

BANK RETURNS SUPPLEMENTARY

STATEMENT OF THE AMOUNT OF LIABILITIES AND ASSETS OF THE LONG-TERM MORTGAGE DEPARTMENT OF THE BANK OF NEW ZEALAND AS AT 28 MARCH 1962

Liabilities £
Capital .. .. .. 703,125
Debentures and debenture stock .. .. .. 750,000
Transfers from Bank .. .. .. 125,527
Other liabilities .. .. .. ---
£1,578,652

Assets £
Loans .. .. .. 1,578,652
Transfers to Bank .. .. .. ---
Other assets .. .. .. ---
£1,578,652

H. N. AVERY, Chief Cashier.

10 April 1962.