1 JULY
THE NEW ZEALAND GAZETTE
1071

Tariff Notice No. 1965/58—Applications for Variation of Approval

NOTICE is hereby given that applications have been made for variation of current approvals of the Minister of Customs as follows:

Any person wishing to lodge an objection to the granting of these applications should do so in writing on or before 22 July 1965. Submissions should include a reference to the application number, Tariff item, and description of goods concerned, be addressed to the Comptroller of Customs, Private Bag, Wellington, and supported by information as to:

(a) The range of equivalent goods manufactured locally;
(b) The proportions of New Zealand and imported materials used in manufacture;
(c) Present and potential output; and
(d) Details of factory cost in terms of materials, labour, overhead, etc.

Dated at Wellington this 1st day of July 1965.

J. F. CUMMINGS, Comptroller of Customs.

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 Friday, 25 June 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: 21 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.

G. WILSON, Governor.

Wellington, 23 June 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, 16 JUNE 1965

Liabilities

Notes in circulation .. .. .. .. £ 81,274,224
Demand deposits—
(a) State .. .. .. .. 16,693,088
(b) Banks .. .. .. .. 38,672,916
(c) Marketing accounts .. .. .. 869,262
(d) Other .. .. .. .. 11,383,368
Time deposits .. .. .. .. ..
Liabilities in currencies other than New Zealand currency .. .. .. .. 80,321
Other liabilities .. .. .. .. 4,317,577
Capital accounts £
(a) General Reserve Fund .. .. 1,500,000
(b) Other reserves .. .. 6,665,275
.. .. .. .. 8,165,275

£161,456,031

Assets

Gold .. .. .. .. .. .. £ 243,622
Overseas assets—
(a) Current accounts and short-term bills .. .. .. £ 37,571,669
(b) Investments .. .. .. 24,546,396
.. .. .. .. 62,118,065
New Zealand coin .. .. .. .. 1,275,301
Discounts .. .. .. .. ..
Advances—
(a) To the State (including Treasury bills) .. .. .. 11,318,056
(b) To marketing accounts .. .. 45,154,263
(c) Other advances .. .. .. 5,370,938
.. .. .. .. 61,843,257
Investments in New Zealand—
(a) N.Z. Government securities .. 33,522,058
(b) Other .. .. .. .. 75,000
Other assets .. .. .. .. .. 2,378,728

£161,456,031

R. M. SMITH, Chief Accountant.