984
THE NEW ZEALAND GAZETTE
No. 40

RESERVE BANK OF NEW ZEALAND

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH 1962

£ s. d.
General charges including salaries, rent, cost of
note issue and other expenses .. .. 786,485 8 0
Balance being profit for year .. .. 4,147,057 3 5
£4,933,542 11 5

Balance of profit after making provision for
rebate on Treasury bills not yet due and for
sundry liabilities and contingencies .. 4,933,542 11 5
£4,933,542 11 5

PROFIT AND LOSS APPROPRIATION ACCOUNT

£ s. d.
Payment to New Zealand Government in terms
of section 36 of Reserve Bank of New
Zealand Act 1933 .. .. .. 4,586,654 6 0
Balance .. .. .. 4,147,057 3 5
£8,733,711 9 5

Balance as at 1 April 1961 .. .. 4,586,654 6 0
Balance from Profit and Loss Account .. 4,147,057 3 5
£8,733,711 9 5

BALANCE SHEET AS AT 31 MARCH 1962

Liabilities £ s. d.
General Reserve Fund .. .. .. 1,500,000 0 0
Bank notes .. .. .. 81,426,594 0 0
Demand liabilities—
(a) State—
(i) Government marketing accounts 1,192,939 18 7
(ii) Other .. .. .. 35,049,140 11 2
(b) Banks .. .. .. 35,304,090 5 10
(c) Other—
(i) Marketing organisation .. 2,036,554 9 6
(ii) Other demand liabilities .. 1,980,721 10 3
Liabilities in currencies other than New Zealand
currency .. .. .. 159,641 19 9
Other accounts .. .. .. 7,413,337 10 0
Profit and Loss Appropriation Account .. 4,147,057 3 5

£170,210,077 8 6

Assets £ s. d.
Gold .. .. .. 242,331 19 4
Sterling exchange .. .. .. 21,029,237 1 8
Other exchange .. .. .. 493,673 6 10
Subsidiary coin .. .. .. 257,949 6 3
Advances—
(a) To State or State undertakings—
(i) Government marketing accounts .. .. .. 118,928 2 9
(b) Other—
(i) Marketing organisations .. 48,348,920 9 8
(ii) Other .. .. 8,330,000 0 0
Investments—
(a) Sterling .. .. .. 16,441,612 14 10
(b) Other .. .. .. 71,176,428 9 9
Other assets .. .. .. 3,770,995 17 5
N.B.—Holdings of sterling have been converted
into New Zealand currency at the rate of
£100 sterling equals £100 New Zealand.

£170,210,077 8 6

Contingent Liabilities

(1) In respect of a loan of $5,600,000 to Tasman Pulp and Paper Co. Ltd., a guarantee has been executed.
(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.

E. C. FUSSELL, Governor.
G. WILSON, Deputy Governor.
R. M. SMITH, Chief Accountant.

AUDITORS’ CERTIFICATE AND REPORT

We have audited the balance sheet as at 31 March 1962, 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 the 31 March 1962, 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.

Wellington, 13 June 1962.

Releasing Land from the Provisions of Part XXIV of the
Maori Affairs Act 1953 (Waikato Development Scheme)

PURSUANT to section 332 of the Maori Affairs Act 1953, the
Board of Maori Affairs hereby declares that on the date of
the publication of this notice in the Gazette the land described
in the Schedule hereto shall cease to be subject to the pro-
visions of Part XXIV of the Maori Affairs Act 1953, the said
land being so subject by virtue of a notice dated 18 July 1944
and published in the Gazette, 20 July 1944, Volume II, page
906.

SCHEDULE
SOUTH AUCKLAND LAND DISTRICT

Land Block and
Survey District Area
A. R. P.
Parish of Tamahere Lot 130A IV, Hamilton 0 1 37·9

Dated at Wellington this 12th day of June 1962.

For and on behalf of the Board of Maori Affairs—

B. E. SOUTER,
Assistant Secretary for Maori Affairs.

(M.A. 15/2/326, 62/23, 62/23A; D.O. 23/0/8, 11/18/1355).

Releasing Land from the Provisions of Part XXIV of the
Maori Affairs Act 1953 (Peka Development Scheme)

PURSUANT to section 332 of the Maori Affairs Act 1953, the
Board of Maori Affairs hereby declares that on the date of
the publication of this notice in the Gazette the land described
in the Schedule hereto shall cease to be subject to the pro-
visions of Part XXIV of the Maori Affairs Act 1953, the said
land being so subject by virtue of a notice dated 6 June 1931
and published in the Gazette, 11 June 1931, Volume II, page
1735.

SCHEDULE
SOUTH AUCKLAND LAND DISTRICT

Land Block and
Survey District Area
A. R. P.
Waitaruna 5B 1 V, Tarawera 0 1 0

Dated at Wellington this 12th day of June 1962.

For and on behalf of the Board of Maori Affairs—

B. E. SOUTER,
Assistant Secretary for Maori Affairs.

(M.A. 63/54/1, 63/54; D.O. M.A. 2130)