4. The proceeds of sale of all such goods shall be paid to
   the Reserve Bank by the persons who are required to make
   payment within 14 days after they receive or become entitled
   to receive such proceeds of sale.
5. The trading banks have been appointed as the authorised
   agents of the Reserve Bank for the purposes of regulation 7.
6. Any departure from the provisions of this determination
   and the attached Schedule is permissible only with the written
   approval of the Reserve Bank of New Zealand.
7. This determination replaces the determination published
   in the New Zealand Gazette on 18 July 1968.

SCHEDULE
Country to which the
Goods are Consigned at
Time of Export from
New Zealand

1. Countries included in the
   sterling area

Approved Methods of Payment
(a) Sterling or any other currency (except New Zealand
currency), which is freely exchangeable for sterling;
or
(b) New Zealand currency from
an account with a bank in
New Zealand of a bank
domiciled in any country
other than New Zealand.

2. Countries outside the
   sterling area.

For the purposes of this determination the sterling area
consists of those countries set out in the Schedule to the
Exchange Control Exemption Notice 1965, S.R. 1965/159,
as amended by the Exchange Control Exemption Notice 1965,
Amendment No. 4, S.R. 1966/215.

30 July 1968.
N.B.—The Exchange Control Exemption Notice 1965,
Amendment No. 1, dated 24 November 1965, excluded
Rhodesia from the definition of the term “sterling area”.

A. R. LOW, Governor.

SUMMARY OF TRADING BANKS' MONTHLY RETURNS OF PRINCIPAL LIABILITIES AND ASSETS IN RESPECT OF NEW
ZEALAND BUSINESS AS AT CLOSE OF BUSINESS ON 26 JUNE 1968

In accordance with subsection (4) of section 31 of the Reserve Bank of New Zealand Act 1964
(All amounts in New Zealand Currency)

LIABILITIES†
(N.Z.$ thousands)

Australia and
Bank of New
Bank of
The Commercial
The National
New Zealand Limited South Wales New Zealand Bank of Bank of Totals
$ $ $ $ $ $

1. Demand deposits in New Zealand .. .. 133,168 84,076 227,320 45,761 100,528 590,853
2. Time deposits in New Zealand .. .. 37,983 25,577 47,108 10,276 23,855 144,799
3. Liabilities elsewhere than in New Zealand incurred in
   respect of New Zealand business .. .. 10,515 1,001 2,771 337 1,709 16,333
4. Bills payable and all other liabilities in New Zealand,
   including balances due to other banks but excluding
   shareholders’ funds .. .. .. .. 8,125 510 2,404 4,469 10,403 25,911

ASSETS†
(N.Z.$ thousands)

Australia and
Bank of New
Bank of
The Commercial
The National
New Zealand Limited South Wales New Zealand Bank of Bank of Totals
$ $ $ $ $ $

1. Balances at Reserve Bank of New Zealand .. 5,409 4,688 4 2,418 3,088 15,607
2. Reserve Bank of New Zealand notes .. 5,928 2,743 22,976 1,600 5,880 39,127
3. New Zealand coin .. .. .. 724 410 1,438 340 841 3,753
4. Assets elsewhere than in New Zealand held in respect of
   New Zealand business .. .. .. 33,663 18,324 16,704 2,369 5,234 76,294
5. Advances in New Zealand and discounts of bills payable in New Zealand (excluding advances and discounts included under item 6)—
   (a) Advances .. .. .. .. 96,457 70,184 181,550 40,574 88,161 476,926
   (b) Discounts .. .. .. .. 4,847 2,242 9,327 1,868 3,174 21,458
6. Term loans in New Zealand (including special export finance) .. .. .. .. 5,999 2,587 8,989 1,154 4,008 22,737
7. Investments held in New Zealand—
   (a) Government securities .. .. .. 18,904 5,219 40,776 2,758 11,739 79,396
   (b) Other investments .. .. .. .. 23 4,412 752 105 5,292
8. Cheques and bills drawn on other banks in New Zealand
   and balances with and due from other banks in New
   Zealand (excluding balances with Reserve Bank of
   New Zealand) .. .. .. .. 4,937 4,991 23,166 2,953 8,848 44,895
9. Book value of land, buildings, furniture, fittings, and
   equipment in New Zealand .. .. .. 5,252 3,361 16,180 2,707 5,243 32,743
10. All other assets in New Zealand .. .. .. 870 129 .. .. 523 1,522

Aggregate Unexercised Overdraft Authorities $284,343
†Excluding shareholders’ funds, contingencies, inter-branch accounts within New Zealand, and certain transit items.
†Excluding inter-branch accounts within New Zealand, contingencies, and certain transit items.

Wellington, N.Z., 22 July 1968.

D. L. WILKS, Chief Cashier, Reserve Bank of New Zealand.

SUPPLEMENTARY BANK RETURN

STATEMENT OF THE AMOUNT OF LIABILITIES AND ASSETS OF THE LONG-TERM MORTGAGE DEPARTMENT OF THE BANK OF
NEW ZEALAND AS AT 26 JUNE 1968

In Accordance with section 32 of the Reserve Bank of New Zealand Act 1964

Liabilities
$
Capital .. .. .. 1,406,250
Debentures and debenture stock .. .. .. .. ..
Advances from Bank .. .. .. 319,366
Other liabilities .. .. .. .. ..
$1,725,616

Assets
$
Loans .. .. .. .. 1,725,616
Deposits with Bank .. .. .. ..
Other assets .. .. .. ..
$1,725,616

17 July 1968.

D. L. WILKS, Chief Cashier, Reserve Bank of New Zealand.