New Zealand Gazette – 1978 – No. 6

Page 211

✨ Financial and Infrastructure Notices

2 FEBRUARY
THE NEW ZEALAND GAZETTE
211

15 percent of that trading bank's average time deposit
liabilities in New Zealand in the immediately pre-
ceding calendar month (determined in accordance
with the provisions of clause 5 of this notice);

Provided that a trading bank may make up its balances
and holdings as aforesaid for a calendar month to the amount
hereinbefore required for that calendar month by way of
borrowings from the Reserve Bank made during that calendar
month or during the first ten business days of the next
following calendar month and on terms and conditions to be
determined by the Reserve Bank, and the proceeds of all such
borrowings shall be credited to the account of that trading
bank with the Reserve Bank.

For the purposes of this notice:

(1) Balances held by a trading bank at the Reserve Bank
shall (subject to clause 6 of this notice) include
both demand deposit balances and time deposit
balances of that trading bank.

(2) The average of a trading bank's holdings of Reserve
Bank notes for a calendar month shall be the
average of the figures shown in all weekly returns
of Banking Statistics by that trading bank under the
Statistics Act 1975 received during that calendar
month.

(3) The average of a trading bank's balances at the Reserve
Bank and holdings of New Zealand Government
securities for a calendar month shall in each case
be the average of the figures for balances and
such securities held by that trading bank on each
day during that calendar month.

(4) Government securities held by a trading bank shall
consist of Government stock and Treasury bills (all
at nominal value) held by that trading bank and
shall include advance subscriptions for stock lodged
by that trading bank with the Reserve Bank.

(5) The average demand deposit liabilities and the average
time deposit liabilities of a trading bank in a calendar
month shall in each case be the average of the
figures for days within that calendar month, as
shown in that trading bank's weekly returns of
Banking Statistics under the Statistics Act 1975.

(6) The proceeds of any borrowings made by a trading
bank pursuant to the proviso to this notice shall:

(a) in the case of a borrowing made during a
calendar month to make up balances and holdings
for that calendar month, be included in the balances
held by that trading bank at the Reserve Bank
during the calendar month for which that borrowing
is made; and

(b) that in the case of a borrowing made during
the first 10 business days of a calendar month to
make up balances and holdings for the preceding
calendar month, be deemed to be a part of and be
included in the balance held by that trading bank
at the Reserve Bank on the last day of the preceding
calendar month;

AND the proceeds of any such borrowing shall not
be included in the balances held by that trading
bank at the Reserve Bank during any other calendar
month.

R. J. R. WHITE, Governor.

26 January 1978.

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, 28 DECEMBER 1977

Liabilities	$	$	Assets	$	$
Notes in circulation		534,010,299	Gold		699,210
Demand deposits			Overseas assets—
(a) State	144,968,610		(a) Current accounts and short-term bills	74,219,734
(b) Banks	716,890		(b) Investments	57,122,029
(c) Marketing accounts	34,828,988		(c) Holdings of special drawing rights	40,539,447	171,881,210
(d) Other	533,948,688	714,463,176	New Zealand coin		7,865,661
Time deposits		338,477,597	Discounts		8,395,300
Liabilities in currencies other than New Zealand currency—			Advances—
(a) Demand	861,391		(a) To the State	402,082,012
(b) Time	337,616,206	338,477,597	(b) Marketing accounts	442,330,665
Allocation of special drawing rights by I.M.F.		82,641,105	(c) Export credits	29,079,532
Other liabilities (including accumulated profits)		33,805,841	(d) Other advances	5,053,026	878,545,235
Capital accounts—			Investments in New Zealand—
(a) General Reserve Fund	3,000,000		(a) New Zealand Government securities	646,832,341
(b) Other reserves	32,711,751	35,711,751	(b) Other	1,772,139	648,604,480
			Other assets		23,118,673
		$1,739,109,769			$1,739,109,769

E. D. VALLANCE, Chief Accountant

New Zealand Government Railways—Schedule of Civil Engineering and Building Contracts $20,000 or More in Value

Name of Works	Successful Tenderer	Amount of Tender Accepted $
Reconstruction and extension of the container handling area, Waltham Yard	Musgrove Bros. Ltd., P.O. Box 11-096, Christchurch	374,797.00
Sealing and drainage of the car loading area at Lyttelton	Callaway Construction Ltd., P.O. Box 31-029, Ilam, Christchurch	30,340.00
Reconstruction of Bridge 329 NIMT	Rewhiti Farm Ltd., R.D. 3, Waimauku, Auckland	259,306.98
Construction of the No. 2 Car Shop and Woodmill Amenities at Addington Workshops	J & W Jamieson Construction Ltd., P.O. Box 352, Christchurch	217,881.00
Construction of Inspector Permanent Way Offices, Stores and Amenities	N. J. Ellingham Co. Ltd., 46 Nelson Street, Auckland	79,380.52
Mechanical services for the No. 2 Car Shop and Woodmill Amenities at Addington Workshops	Kaiapoi Engineering Co. Ltd., 191 Ohoka Road, Kaiapoi, Christchurch	52,104.00
Manufacture of Precast Span Units for Bridge 39 NIMT	Stresscrete (Wellington) Ltd., Private Bag, Otaki	47,107.00

T. M. HAYWARD, General Manager.

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VUW Te Waharoa — NZ Gazette 1978, No 6

NZLII — NZ Gazette 1978, No 6

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

💰 Notice of Trading Bank Reserve Asset Requirements (continued from previous page)

Domain💰 Finance & Revenue
Dated26 January 1978
KeywordsReserve Bank of New Zealand Act 1964, Reserve Requirements, Trading Banks
👩‍💼 Officials

R. J. R. WHITE, Governor

💰 Statement of Assets and Liabilities of the Reserve Bank of New Zealand

Domain💰 Finance & Revenue
KeywordsAssets, Liabilities, Reserve Bank, Financial Statement
👩‍💼 Officials

E. D. VALLANCE, Chief Accountant

🏗️ New Zealand Government Railways—Schedule of Civil Engineering and Building Contracts

Domain🏗️ Infrastructure & Public Works
KeywordsRailways, Civil Engineering, Building Contracts, Tenders
👱🏽 Names

7 names identified

Musgrove, Successful tenderer for container handling area reconstruction
Callaway, Successful tenderer for car loading area sealing and drainage
Rewhiti, Successful tenderer for bridge reconstruction
J & W Jamieson, Successful tenderer for car shop and woodmill amenities construction
N. J. Ellingham, Successful tenderer for inspector offices, stores, and amenities construction
Kaiapoi, Successful tenderer for mechanical services for car shop and woodmill amenities
Stresscrete, Successful tenderer for manufacture of precast span units

👩‍💼 Officials

T. M. HAYWARD, General Manager

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