New Zealand Gazette – 1981 – No. 7

Page 174

✨ Commercial Practices, Banking Returns



174
THE NEW ZEALAND GAZETTE
No. 7

Notice by Examiner of Commercial Practices of Consent to a Merger and Takeover Proposal

PURSUANT to section 69 of the Commerce Act 1975, the Examiner of Commercial Practices hereby gives notice of the following merger and takeover proposal to which he has consented.

Person by or on behalf of whom notice was given in terms of section 68 (1) of the Commerce Act 1975

Northern Co-operative Terminating Building Society, and Eastern Co-operative Building Society

Proposal

The Northern Co-operative Terminating Building Society may acquire the engagements of the Eastern Co-operative Building Society

Date of Consent

28 October 1980

Dated at Wellington this 6th day of January 1981.

A. E. MONAGHAN, Examiner of Commercial Practices.

Notice by Examiner of Commercial Practices of Consent to a Merger and Takeover Proposal

PURSUANT to section 69 of the Commerce Act 1975, the Examiner of Commercial Practices hereby gives notice of the following merger and takeover proposal to which he has consented.

Person by or on behalf of whom notice was given in terms of section 68 (1) of the Commerce Act 1975

Hikurangi Forest Farms Ltd.

Proposal

Hikurangi Forest Farms Ltd., may acquire the properties known as Wrights and Te Marunga

Date of Consent

1 December 1980

Dated at Wellington this 18th day of January 1981.

A. E. MONAGHAN, Examiner of Commercial Practices.

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF PRINCIPAL LIABILITIES AND ASSETS IN RESPECT OF NEW ZEALAND BUSINESS AS AT CLOSE OF BUSINESS ON 31 DECEMBER 1980

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

LIABILITIES*
(N.Z.$ thousands)

Australian and New Zealand Banking Group (N.Z.) Limited Bank of New South Wales Bank of New Zealand The Commercial Bank of Australia Limited The National Bank of New Zealand Limited Totals
1. Demand deposits in New Zealand $ 405,593 $ 267,538 $ 850,041 $ 132,506 $ 319,341 $ 1,975,019
2. Time deposits in New Zealand 745,920 521,888 1,596,331 281,873 682,498 3,828,510
3. Liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 20,335 6,010 6,368 18,128 106,380 157,221
4. Bills payable and all other liabilities in New Zealand, including balances due to other banks but excluding shareholders’ funds 19,500 7,824 88,823 26,373 9,957 152,477

ASSETS**
(N.Z.$ thousands)

Australian and New Zealand Banking Group (N.Z.) Limited Bank of New South Wales Bank of New Zealand The Commercial Bank of Australia Limited The National Bank of New Zealand Limited Totals
1. Balances at Reserve Bank of New Zealand—
(a) Demand deposits $ 1 $ 2 $ 5 $ — $ 4 $ 12
(b) Time deposits — — — — — —
2. Reserve Bank of New Zealand notes 9,180 7,809 43,535 5,636 18,550 84,710
3. New Zealand Coin 1,476 1,167 3,298 618 2,071 8,630
4. Assets elsewhere than in New Zealand held in respect of New Zealand business 82,776 47,336 122,851 34,599 164,129 451,691
5. Advances in New Zealand and discounts of bills payable in New Zealand (excluding advances and discounts included under item 6)—
(a) Advances 480,351 323,056 1,077,366 165,643 411,321 2,457,737
(b) Discounts 34,051 37,745 67,300 22,940 29,385 191,421
6. Term loans in New Zealand 322,479 185,040 568,995 123,982 236,120 1,436,616
7. Investments held in New Zealand—
(a) Government securities
(i) Treasury Bills 49,280 36,006 162,322 32,950 52,123 332,681
(ii) Government Stock 234,643 146,394 432,771 57,001 181,009 1,051,818
(b) Other Investments 54,556 6,348 66,361 14,461 2,112 143,838
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) 2,420 750 20,175 5,966 34,853 64,164
9. Book value of land, buildings, furniture, fittings, and equipment in New Zealand 6,997 30,247 67,379 7,794 40,958 153,375
10. All other assets in New Zealand 1,558 166 — 6,872 75 8,671

Aggregate of Unexercised Overdraft Authorities and Term Loan Authorities in New Zealand $1,742,795.

*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 January 1981.

PETER NICHOLL, Deputy Chief Economist, Reserve Bank of New Zealand.



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✨ LLM interpretation of page content

🏭 Consent to Merger and Takeover Proposal by Northern and Eastern Co-operative Building Societies

🏭 Trade, Customs & Industry
6 January 1981
Merger, Takeover, Commerce Act, Building Societies
  • Northern Co-operative Terminating Building Society, Acquiring engagements of Eastern Co-operative Building Society
  • Eastern Co-operative Building Society, Engagements to be acquired by Northern Co-operative Terminating Building Society

  • A. E. Monaghan, Examiner of Commercial Practices

🏭 Consent to Acquisition of Properties by Hikurangi Forest Farms Ltd.

🏭 Trade, Customs & Industry
18 January 1981
Acquisition, Properties, Commerce Act, Forest Farms
  • Hikurangi Forest Farms Ltd., Acquiring properties known as Wrights and Te Marunga

  • A. E. Monaghan, Examiner of Commercial Practices

💰 Summary of Trading Banks’ Monthly Returns of Principal Liabilities and Assets

💰 Finance & Revenue
22 January 1981
Banking, Financial Returns, Liabilities, Assets, Reserve Bank
  • Australian and New Zealand Banking Group (N.Z.) Limited, Bank included in financial returns
  • Bank of New South Wales, Bank included in financial returns
  • Bank of New Zealand, Bank included in financial returns
  • The Commercial Bank of Australia Limited, Bank included in financial returns
  • The National Bank of New Zealand Limited, Bank included in financial returns

  • Peter Nicholl, Deputy Chief Economist, Reserve Bank of New Zealand