322
THE NEW ZEALAND GAZETTE
No. 12

Reserve Bank of New Zealand

PURSUANT to section 33 of the Reserve Bank of New Zealand Act 1964, the Reserve Bank, acting with the approval of the Minister of Finance, hereby gives notice that as at the close of business on 5 March 1965, and until further notice, balances to be maintained in the Reserve Bank by each trading bank shall be equal to an amount which, when added to that bank’s holdings of Reserve Bank notes as disclosed in that bank’s latest available weekly return of Banking Statistics under the Statistics Act 1955, will be not less than the aggregate of: 7 per cent of that bank’s demand deposits in New Zealand plus 3 per cent of that bank’s time deposits in New Zealand (excluding wool retention deposits) as shown in the last preceding monthly return furnished by that bank in accordance with section 31 of the Reserve Bank of New Zealand Act 1964.

The balances to be maintained as aforesaid shall be exclusive of any balance held by a trading bank in its wool retention or special fund account at the Reserve Bank.

A. R. LOW, Deputy Governor.

3 March 1965.

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, 3 MARCH 1965

Liabilities

2. General Reserve Fund … … £1,500,000 0 0
3. Bank notes … … 81,363,334 10 0
4. Demand liabilities—
   (a) State—
   (i) Government marketing
   accounts … … 566,595 15 4
   (ii) Other … … 13,665,991 0 8
   (b) Banks … … 92,609,978 8 8
   (c) Other—
   (i) Marketing organisations … 406,258 8 4
   (ii) Other demand liabilities … 1,478,456 12 2
5. Time deposits … … —
6. Liabilities in currencies other than New
   Zealand currency … … 78,503 5 0
7. Other liabilities … … 9,191,527 12 2

£200,860,645 12 4

Assets

8. Reserve—
   (a) Gold … … £243,626 16 4
   (b) Sterling exchange … … 17,159,557 15 7
   (c) Gold exchange … … —
   (d) Other exchange … … 512,997 6 10
9. Subsidiary coin … … 1,060,205 19 3
10. Discounts—
    (a) Commercial and agricultural bills … —
    (b) Treasury and local body bills … —
11. Advances—
    (a) To the State or State under-
    takings—
    (i) Government marketing
    accounts … … —
    (ii) For other purposes … 52,093,337 14 5
    (b) To other public authorities … —
    (c) Other—
    (i) Marketing organisations … 42,411,661 12 10
    (ii) Other advances … 250,937 10 0
12. Investments—
    (a) Sterling … … 24,672,313 17 4
    (b) Other … … 60,029,051 6 0
13. Bank buildings … … —
14. Other assets … … 2,426,955 13 9

£200,860,645 12 4

R. M. SMITH, Chief Accountant.

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

Name of Works

Civil Engineering—
S.H.8: Irishman Creek to Dover Pass section: Flush coat seal … British Pavements (Canterbury) Ltd. … £15,453 6 8
S.H.1: Cambridge Road: Cement treated basecourse and first coat seal … Bitumix Ltd. … 17,307 15 0
S.H.1: Gore Northern Outlet: Supply and delivery of basecourse metal … Southland Gravel Screening Co. … 10,768 6 8
Mangere Block 3: Storm water, sanitary sewers, roading, and water reticulation … W. Stevenson and Sons Ltd. … 145,529 16 5

Building—
Tongariro Power Development: Turangi single men’s camp: Fabrication and erection of 100 living huts … T. C. Andrew … 18,436 5 0
Supply, deliver, and install fire sprinkler system at Trentham Camp … Wormald Bros (N.Z.) Ltd. … 15,532 0 0
Papanui High School: New classroom block, boiler house, and circulating pump room … Paynter and Hamilton Ltd. … 61,463 0 0
National Library Service Building: MacLaggan Street, Dunedin … W. M. Camp (Builders) Ltd. … 20,252 0 0
Auckland International Airport: Surveillance Radar Building … Fletcher Construction Co. Ltd. … 18,652 0 0
HMNZS Philomel: Wardroom Block: Additional accommodation … Wiles and Jones … 18,641 0 0

Housing—
Contract No. 17/265: Four multi units at Hastings … M. O’Sullivan Ltd. … 10,330 0 0
Contract No. 17/266: Four multi units at Hastings … R. A. Griffiths … 10,040 16 0
Contract No. 17/267: Four multi units at Napier … L. J. Harris … 10,233 0 0
Contract No. 21/238: Four single units at Gisborne … S. J. Porter.. … 13,901 10 0
Contract No. 36/299: Four multi units at Napier … J. M. O’Dwyer … 10,248 7 6
Contract No. 54/56: Four multi units at Morrinsville … G. and S. Bradley … 12,068 9 3
Contract No. 191/38: Three single units at Stoke … G. W. Jack and Sons … 11,083 6 1
Contract No. 202/11/23: Four single units at Mangere … Underwood and Sons Ltd. … 14,614 0 0
Contract No. 202/11/28: Six single units at Mangere … N. J. Ranum … 21,224 0 0
Contract No. 202/11/29: Four single units at Mangere … Broadway Milling Co. Ltd. … 13,468 13 0
Contract No. 202/11/31: Four single units at Mangere … Bronston Construction Co. Ltd. … 13,471 11 4
Contract No. 208/468: Four single units at Porirua … O. V. Smith Ltd. … 15,704 0 0
Contract No. 208/474: Four multi units at Porirua … H. L. Parker Ltd. … 16,596 0 0
Contract No. 208/485: Eight single units at Porirua … Voss Construction Ltd. … 34,393 0 0

J. T. GILKISON, Commissioner of Works.