4 NOVEMBER
THE NEW ZEALAND GAZETTE
1899

Notice Under the Regulations Act 1936

PURSUANT to the Regulations Act 1936, notice is hereby given of the making of regulations as under:

Copies can be purchased from the Government Publications Bookshops—corner of Rutland and Lorne Streets (P.O. Box 5344), Auckland; Investment House, Alma Street (P.O. Box 857), Hamilton; 20 Molesworth Street (Private Bag), Wellington; 130 Oxford Terrace (P.O. Box 1721), Christchurch; corner of Water and Bond Streets (P.O. Box 1104), Dunedin. Prices for quantities supplied on application. Copies may be ordered by quoting serial number.

R. E. OWEN, Government Printer.

RESERVE BANK OF NEW ZEALAND

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1965

To general charges including salaries, rent,
cost of note issue, and other expenses .. .. £1,034,605 2 9
To balance being profit for year .. .. 3,625,290 6 11
£4,659,895 9 8

By balance of profit after making provision for
rebate on treasury bills not yet due and for
sundry liabilities and contingencies .. £4,659,895 9 8
£4,659,895 9 8

PROFIT AND LOSS APPROPRIATION ACCOUNT

To payment to New Zealand Government in
terms of section 36 of Reserve Bank of New
Zealand Act 1933 .. .. .. £3,431,525 14 9
To balance .. .. .. 3,625,290 6 11
£7,056,816 1 8

By balance as at 1 April 1964 .. .. £3,431,525 14 9
By balance from Profit and Loss Account .. 3,625,290 6 11
£7,056,816 1 8

BALANCE SHEET AS AT 31 MARCH 1965

Liabilities

General Reserve Fund .. .. .. £1,500,000 0 0
Bank notes .. .. .. 79,366,463 10 0
Demand liabilities—
(a) State—
(1) Government marketing accounts 588,395 19 2
(2) Other .. .. .. 45,988,178 14 9
(b) Banks .. .. .. 10,185,210 9 0
(c) Other—
(1) Marketing organisations .. 61,575 1 3
(2) Other demand liabilities .. 4,029,213 6 10
Liabilities in currencies other than New Zealand currency .. .. .. 45,364 10 7
Other accounts .. .. .. 7,042,534 18 6
Profit and Loss Appropriation Account .. 3,625,290 6 11

£152,432,226 17 0

Assets

Gold .. .. .. .. £243,626 16 4
Sterling exchange .. .. .. 34,651,099 10 0
Other exchange .. .. .. 225,191 11 11
Subsidiary coin .. .. .. 1,136,253 18 4
Advances—
(a) To State or State undertakings—
(1) Government marketing accounts .. .. .. 232,030 12 3
(2) For other purposes .. .. .. 47,950,356 13 7
(b) Other—
(1) Marketing organisations .. .. .. 4,695,937 10 0
(2) Other .. .. .. 24,672,313 17 4
Investments—
(a) Sterling .. .. .. 33,535,556 0 7
(b) Other .. .. .. 5,089,860 6 8
Other assets .. .. ..
N.B.—Holdings of sterling have been converted into New Zealand currency at the rate of £100 sterling equals £(N.Z.)100.

£152,432,226 17 0

Contingent Liabilities

(1) In respect of guarantees of foreign currency loans, the outstanding balances of which amount to £(N.Z.)828,543 6s. 1d. The Government of New Zealand has indemnified the Bank in respect of these guarantees.

(2) In respect of an investment in 250,000 £1 shares in Commonwealth Development Finance Co. Ltd., of which 10s. per share is uncalled.

G. WILSON, Governor.
A. R. LOW, Deputy Governor.
R. M. SMITH, Chief Accountant.

AUDITORS’ CERTIFICATE AND REPORT

We have audited the balance sheet as at 31 March 1965, 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 31 March 1965 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.

Wellington, New Zealand, 29 June 1965.