1 OCTOBER

THE NEW ZEALAND GAZETTE

Northland (2–5 in.) but more especially in eastern Bay of Plenty
(5–11 in.). Major flooding occurred on the Rangitaiki Plains,
while Whakatane and Opotiki were also affected. Surface flooding
was also reported around Dargaville. For the next 4 days the
depression moved slowly away to the north-east while pressures
were mainly high to the south-east and the south. The easterlies
brought rain east of the ranges in the North Island, spreading at
times to Bay of Plenty and Taupo. Some rain was also reported
on the West Coast and in Southland.

By the 19th a depression was centred midway over the Tasman
Sea with two centres, of which the smaller and more northern one
crossed the North Island near Auckland on the following day.
Rain became general over nearly the whole of the North Island
with some considerable falls in Northland. Scattered rain was
also reported in the South Island, especially Nelson and Westland.
As the main depression moved through Cook Strait on the 21st
rain became general except in Fiordland. An anticyclone to the
south-west of Southland moved eastward and as the depression
also moved in this direction, cold southerlies covered the country
from the 22nd to the 24th. Strong gales buffeted Wellington. The
rain cleared first in the west of the South Island and later in the
remainder of the South Island and in most western and northern

districts of the North Island. On the following day an anticyclone
covered New Zealand and the weather was fair.

As the anticyclone moved away to the east and pressures became
very low to the south of Tasmania, strong northerlies set in, with
rain commencing on the West Coast on the 26th and spreading
over most of the country with the advance of a trough of low
pressure during the 2 following days. Strong northerly gales buffeted
Wellington. By the 29th the trough had become stationary through
Cook Strait, causing excessive rain about and east of Nelson
City with a major flood. However, the rain cleared over most of
the North Island. On the following day the trough moved southward
with excessive rain in the Alps, causing serious flooding in the
Grey and Buller Rivers. Rain continued on the West Coast and
in the Alps, and spread also to Otago and Southland. On the last
day of the month a small depression formed over Westland and
the trough moved northward again, affecting the same parts of the
South Island but also western districts of the North Island from
Wellington to Taranaki, with considerable falls there.

J. F. GABITES, Director.

(N.Z. Met. S Misc Pub. 107)

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF PRINCIPAL LIABILITIES AND ASSETS IN RESPECT OF NEW
ZEALAND BUSINESS AS AT CLOSE OF BUSINESS ON 26 AUGUST 1970

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

1. Demand deposits in New Zealand .. .. 147,300 90,100 251,585 51,612 104,282 644,879
2. Time deposits in New Zealand .. .. .. 62,813 41,323 109,433 13,603 51,351 278,523
3. Liabilities elsewhere than in New Zealand incurred in
   respect of New Zealand business .. .. 1,600 .. 2,515 .. .. 4,115
4. Bills payable and all other liabilities in New Zealand,
   including balances due to other banks but excluding
   shareholders' funds .. .. .. .. .. 8,209 1,060 2,853 2,845 12,452 27,419

ASSETS‡

(N.Z.$ thousands)

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

1. Balances at Reserve Bank of New Zealand .. .. 13,145 8,306 12,064 6,326 14,654 54,495
2. Reserve Bank of New Zealand notes .. .. 7,913 3,215 15,814 1,756 6,418 35,116
3. New Zealand coin .. .. .. .. .. 768 382 1,272 319 718 3,459
4. Assets elsewhere than in New Zealand held in respect of
   New Zealand business .. .. .. .. 24,234 16,083 26,939 1,753 9,116 78,125
5. Advances in New Zealand and discounts of bills pay-
   able in New Zealand (excluding advances and dis-
   counts included under item 6)--
   (a) Advances .. .. .. .. .. 136,238 81,989 238,278 45,636 119,227 621,368
   (b) Discounts .. .. .. .. .. 4,172 2,990 7,570 1,550 5,660 21,942
6. Term loans in New Zealand (including special export
   finance) .. .. .. .. .. 6,242 2,271 10,491 1,439 3,973 24,416
7. Investments held in New Zealand--
   (a) Government securities (i) Treasury Bills .. 2,000 12,974 11,885 4,000 247 31,106
   (ii) Government Stock 17,282 .. 60,349 800 937 79,368
   (b) Other investments .. .. .. .. .. 1,172 5,932 1,492 182 8,778
8. Cheques and bills drawn on other banks in New Zea-
   land and balances with and due from other banks in
   New Zealand (excluding balances with Reserve
   Bank of New Zealand) .. .. .. .. .. 812 .. 1,344 474 3,508 6,138
9. Book value of land, buildings, furniture, fittings, and
   equipment in New Zealand .. .. .. 7,645 4,286 15,619 2,904 5,286 35,740
10. All other assets in New Zealand .. .. .. 590 117 .. .. 3,340 4,047
    Aggregate Unexercised Overdraft Authorities $310,867.

†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., 14 September 1970.

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

1779