Financial Summary




4 JUNE
THE NEW ZEALAND GAZETTE
1797

ACCOUNT

PAYMENTS

Year Ended 31 March 1982 Year Ended 31 March 1981
$(000) $(000)
$(000) $(000)

Permanent appropriations—
Encashment of securities—Asian Development Bank … … … 1,200 830
Encashment of securities—I.B.R.D. … … … 50 100
Encashment of securities—International Monetary Fund … … … 55,000 944
Subscription to Asian Development Bank … … … 1,057 50
Subscription to I.B.R.D. … … … 321 37,838
Subscription to International Monetary Fund … … … … …
Charges and expenses of raising loans—
Discounts on tap issues… … … … … 10,229 …
New issues … … … … … 19,009 8,782

Total, Permanent Appropriations … … … 86,866 48,544

Annual appropriations—
Development of Industry—
Fuel and Power—
Energy—
Electricity (Programme IV)… … … … … 134,667 86,916
Mines (Programme II) … … … … … 34,030 25,155

168,697 112,071

Social Services—
Other Social Services—
Housing Corporation (Programmes III and V) … … … 29,300 32,500

Transport and Communications—
Transport—
Railways … … … … … 76,023 45,313

Communications—
Post Office … … … … … 54,000 …

Miscellaneous Investment and Financing Transactions—
Capital Participation—
Air New Zealand Ltd. … … … … … 54,200 17,800
Alliance Textiles Ltd. … … … … … … 1,000
Development Finance Corporation of New Zealand … … … … … 10,000
New Zealand Export-Import Corporation … … … 540 6,251
Petroleum Corporation of New Zealand Ltd. … … … … … 5,316
Shipping Corporation of New Zealand Ltd. … … … 17,907 8,000
Tourist Hotel Corporation of New Zealand … … … 1,372 1,190
Winstone—Samsung Industries Ltd. … … … 15,000 …

96,019 51,507

Miscellaneous Financing Transactions—
Housing Corporation (Programme IV) … … … 72,500 164,328
Rural Banking and Finance Corporation (Programme III)… … 334,000 246,800

406,500 411,128

Total, Annual Appropriations … … … 830,539 652,519

Capital equipment purchased under credit arrangements—
Defence … … … … … 6,062 3,801
Energy: Electricity … … … … … 7,289 28,943
Foreign Affairs … … … … … … 28
Post Office … … … … … 1,696 …
Railways … … … … … 23,514 24,390
State Services Commission … … … … … … 2,433
Transport … … … … … 2,534 450

41,095 60,045

Loan receipts from previous year allocated … … … … … 16 31,455
Reserve Bank indemnity* … … … … … 207,761 …
Security in favour of Asian Development Bank … … … … … 1,540 1,362
Security in favour of International Monetary Fund … … … … … 2,870 447
Security in favour of I.B.R.D. … … … … … … 172,258
Transfer to Consolidated Account … … … … … 1,281,000 956,000
Transfer to Loans Redemption Account … … … … … 1,582,000 740,000

$4,033,687 $2,662,630

Excess of payments over receipts … … … … … 9,302 536

Balances at end of year—
Cash … … … … … 29,282 26,231
Investments … … … … … 30,031 42,384

Total … … … … … 59,313 68,615

$68,615 $69,151

*For 1981–82 the bank has been reimbursed by the issue of Government Stock for only the actual or realised losses. The total amount payable under section 26 of the Reserve Bank of New Zealand Act 1964 is $336,057,918. The balance of $128,296,692 is the bank’s estimate of potential losses on forward currency purchases. Any losses actually incurred will be reimbursed as part of the bank’s claim in 1982–83.



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💰 Summary of the Receipts and Payments of the Public Account for the Year Ended 31 March 1982 (continued from previous page)

💰 Finance & Revenue
Public Account, Receipts, Payments, Financial Summary, Annual Appropriations