New Zealand Gazette – 1963 – No. 2

Page 49

✨ Forestry and Banking Notices



17 JANUARY
THE NEW ZEALAND GAZETTE
49

New Zealand Forest Service—Sale of Pulpwood

THE New Zealand Forest Service has available for disposal from exotic forests near Auckland an annual quantity of some 1,500,000 cubic feet of small diameter wood suitable for pulping or chipboard manufacture.

The material, which will be mainly between 4 in. and 8 in. diameter, small end under bark, will come from thinning young P. radiata plantations at Woodhill and Waiuku Forests, from top logs and logging waste in P. radiata clearfelling operations at Riverhead and Maramarua Forests, and from clearfelling P. muricata and P. nigra plantations at Waiuku, Riverhead, and Maramarua Forests.

Written proposals are invited for the purchase and utilisation of this material. The proposals should state clearly the nature of the industry envisaged and should specify the processes to be used and the products to be manufactured. Proposals should be submitted in the first instance to the Conservator of Forests, P.O. Box 5246, Auckland, who will supply further details on request.

The closing date for proposals is noon on 29 March 1963.

A. N. SEXTON,
Conservator of Forests, Auckland.

(F.S. 29/5/103/2; F.S. 15/4/6)

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 18 January 1963, 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 39 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.

G. WILSON, Governor of the Reserve Bank.
Reserve Bank of New Zealand, Wellington, 16 January 1963.

RESERVE BANK OF NEW ZEALAND

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF ASSETS AND LIABILITIES AS AT CLOSE OF BUSINESS ON WEDNESDAY, 19 DECEMBER 1962

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

(All Amounts in New Zealand Currency)

Australia and New Zealand Bank Limited Bank of New South Wales Bank of New Zealand Commercial Bank of Australia Limited National Bank of New Zealand Limited Totals
LIABILITIES £ £ £ £ £ £
(a) Demand liabilities in New Zealand 60,416,127 37,808,008 113,705,348 21,885,253 52,756,326 286,571,062
(b) Time liabilities in New Zealand 15,186,049 11,322,325 *18,584,768 3,440,498 8,411,449 56,945,089
(c) Demand liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 1,182,565 28,769 1,075,359 106,969 4,004,108 6,397,770
(d) Time liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 217,237 86,530 105,555 77,832 232,064 719,218
(j) Notes of own issue in circulation payable in New Zealand .. .. 1,785,377 .. .. 1,785,377
(m) New Zealand business excess of assets over liabilities .. .. .. .. .. ..
Totals 77,001,978 49,245,632 135,256,407 25,510,552 65,403,947 352,418,516

ASSETS

Australia and New Zealand Bank Limited Bank of New South Wales Bank of New Zealand Commercial Bank of Australia Limited National Bank of New Zealand Limited Totals
(e) Reserve balances held in the Reserve Bank of New Zealand £16,214,886 £14,925,381 £16,719,733 £8,916,535 £12,878,488 £69,655,023
(f) Overseas assets in respect of New Zealand business—
(1) In London 4,441,411 4,298,612 2,796,164 472,101 2,514,352 14,522,640
(2) Elsewhere than in London 801,739 37,066 3,078,412 32,368 580,779 4,530,364
(g) 1. Gold and gold bullion held in New Zealand .. .. .. .. .. ..
2. Subsidiary coin held in New Zealand 258,493 172,525 596,854 124,550 344,462 1,496,884
(h) 1. Aggregate advances in New Zealand 38,488,086 24,100,757 79,350,602 11,659,728 35,907,124 189,506,297
2. Aggregate discounts in New Zealand 2,009,398 689,070 1,483,124 523,911 901,841 5,607,344
(i) Reserve Bank of New Zealand notes 4,780,142 1,625,960 13,581,160 1,078,450 3,652,492 24,718,204
(k) Securities held in New Zealand—
(1) Government 1,551,445 323,056 6,940,012 562,961 2,132,783 11,510,257
(2) Other than Government 2,942,174 178,000 5,862,940 397,814 2,285,000 11,665,928
(l) Value of land, buildings, furniture, fittings, and equipment held in New Zealand 1,477,636 1,001,486 4,847,406 911,897 2,160,701 10,399,126
(m) New Zealand business excess of liabilities over assets 4,036,568 1,893,719 .. 830,237 2,045,925 8,806,449
Totals 77,001,978 49,245,632 135,256,407 25,510,552 65,403,947 352,418,516

*Includes transfer from Long-term Mortgage Department, £9,256.
(h h) Aggregate unexercised overdraft authorities: £138,837,639.

Wellington, N.Z., 10 January 1963.

R. N. FLEMING, 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 19 DECEMBER 1962

Liabilities £ Assets £
Capital 703,125 Loans 1,443,869
Debenture and debenture stock 750,000 Transfers to Bank 9,256
Transfers from Bank .. Other Assets ..
Other Liabilities ..
£1,453,125 £1,453,125

10 January 1963.

R. N. FLEMING, Chief Cashier.



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✨ LLM interpretation of page content

🌾 Sale of Pulpwood from Exotic Forests

🌾 Primary Industries & Resources
29 March 1963
Pulpwood, exotic forests, wood disposal, thinning, plantations, Auckland
  • A. N. Sexton, Conservator of Forests, Auckland

💰 Reserve Bank of New Zealand - Balance Requirements for Other Banks

💰 Finance & Revenue
16 January 1963
Reserve Bank, banking regulations, balance requirements, demand liabilities, time liabilities
  • G. Wilson, Governor of the Reserve Bank

💰 Summary of Trading Banks' Monthly Returns of Assets and Liabilities

💰 Finance & Revenue
10 January 1963
Trading banks, assets, liabilities, financial returns, Reserve Bank Act, New Zealand currency
  • R. N. Fleming, Chief Cashier

💰 Bank of New Zealand Long-Term Mortgage Department Statement of Assets and Liabilities

💰 Finance & Revenue
10 January 1963
Bank of New Zealand, Long-Term Mortgage Department, assets, liabilities, financial statement
  • R. N. Fleming, Chief Cashier