29 JULY THE NEW ZEALAND GAZETTE 2245

ACCOUNT

PAYMENTS Three Months Ended 30 June 1980 Three Months
$(000) $(000) $(000) Ended
30 June 1979
$(000)

Permanent appropriations—
Encashment of securities—Asian Development Bank 330 150
Encashment of securities—I.B.R.D. .. 50
Charges and expenses of raising loans—
New issues .. .. .. .. .. .. .. .. .. .. .. 587
Total, Permanent Appropriations .. .. .. .. .. .. .. .. .. .. 330 787

Annual appropriations—
Development of Industry—
Fuel and Power—
Energy—
Electricity (Programme IV) .. .. .. .. .. .. 7,020 38,210
Geothermal (Programme III) .. .. .. .. .. .. 4,700 4,700
Mines (Programme II) .. .. .. .. .. .. 2,680 1,860
.. .. .. .. .. .. 9,700 44,770
Transport and Communications—
Transport—
Railways .. .. .. .. .. .. .. .. .. .. 6,500 6,000
Miscellaneous Investment and Financing Transactions—
Miscellaneous Investment Transactions—
Capital Participation—
New Zealand Export-Import Corporation .. .. .. .. .. .. .. 62
Petroleum Corporation of New Zealand Ltd. .. .. .. .. .. .. .. 10,909
.. .. .. .. .. .. .. 10,971
Miscellaneous Financing Transactions—
Housing Corporation (Programme IV) .. .. .. .. .. .. 27,000 ..
Rural Banking and Finance Corporation (Programme III) .. .. .. .. .. .. 18,000 ..
.. .. .. .. .. .. 45,000 ..
Total, Annual Appropriations .. .. .. .. .. .. .. .. .. .. 61,200 61,741

Loan subscriptions from previous year allocated 31,455 14,037
Capital equipment purchased under credit arrangements 5,544 6,709
Security in favour of International Monetary Fund 57,453 618,085
Excess of receipts over payments 315,248
.. .. .. .. .. .. $471,230 $701,359

Balances at end of 3 months—
Cash .. .. .. .. .. .. 215,174 341,830
Investments (nominal value, $178,830,205) .. .. .. .. .. .. 169,225 331,612
.. .. .. .. .. .. 384,399 673,442
Total .. .. .. .. .. .. .. .. .. .. $384,399 $673,442