Customs and Reserve Bank Notices




268 THE NEW ZEALAND GAZETTE No. 11

Customs Exchange Rates Notice (No. 2) 1985

PURSUANT to section 143 of the Customs Act 1966, the Comptroller of Customs, in accordance with the power delegated to him by the Minister of Customs under section 9 of that Act, hereby gives the following notice.

NOTICE

  1. Short title and commencement—(1) This notice may be cited as the Customs Exchange Rates Notice (No. 2) 1985.
    (2) This notice shall come into force on the 1st day of February 1985.

  2. Exchange rates—Where under any provisions of the Customs Act 1966 any amount which is required to be taken into account for the purpose of assessing duty or any other purpose is not an amount in New Zealand currency, the amount to be so taken into account shall be the equivalent in New Zealand currency of that amount ascertained in accordance with the rate of exchange set out in the Schedule to this notice.

  3. Revocation—The Customs Exchange Rate Notice published in the New Zealand Gazette, No. 232, dated 13 December 1984, on page 5686 is hereby revoked.

SCHEDULE

Value of One NZ Dollar

Australia . . . . . . .57 Dollar
Austria . . . . . . 10.24 Schilling
Bangladesh . . . . . . 11.98 Taka
Belgium . . . . . . 29.44 B Franc
Brazil . . . . . . 1533.31 Cruzeiro
Burma . . . . . . 3.98 Kyat
Canada . . . . . . .62 Dollar
Chile . . . . . . 59.62 Peso
China . . . . . . 1.30 Renminbi or Yuan

Denmark . . . . . . 5.27 Krone
Egypt . . . . . . .39 E Pound
Fiji . . . . . . .54 F Dollar
Finland . . . . . . 3.08 Markka
France . . . . . . 4.52 Franc
French Polynesia . . . . . . 81.18 FP Franc
Greece . . . . . . 59.90 Drachma
Hong Kong . . . . . . 3.62 HK Dollar
India . . . . . . 5.86 Rupee
Ireland . . . . . . .47 I Pound
Israel . . . . . . 306.08 Shekel
Italy . . . . . . 905.90 Lira
Jamaica . . . . . . 1.97 J Dollar
Japan . . . . . . 118.15 Yen
Malaysia . . . . . . 1.15 M Dollar (Ringgit)
Mexico . . . . . . 98.75 Peso
Netherlands . . . . . . 1.66 Florin (Guilder)
Norway . . . . . . 4.26 Krone
Pakistan . . . . . . 7.19 Rupee
Papua New Guinea . . . . . . .44 Kina
Philippines . . . . . . 8.46 Peso
Portugal . . . . . . 79.65 Escudo
Singapore . . . . . . 1.02 S Dollar
South Africa . . . . . . 1.01 Rand
Spain . . . . . . 80.71 Peseta
Sri Lanka . . . . . . 12.13 Rupee
Sweden . . . . . . 4.22 Krona
Switzerland . . . . . . 1.23 Franc
Tonga . . . . . . .57 Pa'anga
United Kingdom . . . . . . .42 Pound
U.S.A. . . . . . . .46 Dollar
West Germany . . . . . . 1.47 Mark
Western Samoa . . . . . . 1.03 Tala

Dated at Wellington this 16th day of January 1985.

P. J. McKONE, Comptroller of Customs.

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, 5 DECEMBER 1984

Liabilities . . . . . . $(000)
Overseas liabilities—
Denominated in overseas currencies—
(a) Short term . . . . . . —
(b) Long term . . . . . . 1,639,248
Denominated in New Zealand currency—
(a) Short term . . . . . . 50,576
(b) Long term . . . . . . —
. . . . . . 1,689,824
Allocation of special drawing rights by I.M.F. . . . . . . 287,591
Deposits—
(a) State:
Public account . . . . . . 4,063,887
Other . . . . . . 142,769
(b) Marketing organisations . . . . . . 154,931
(c) Stabilisation accounts . . . . . . 112,016
(d) Trading banks . . . . . . 9
(e) Other . . . . . . 28,308
. . . . . . 4,501,920
Notes in circulation . . . . . . 694,084
Other liabilities . . . . . . 105,292
Reserves—
(a) General reserve . . . . . . 61,440
(b) Other reserves . . . . . . 50,088
(c) Profit and loss appropriation account . . . . . . —
. . . . . . 111,528
$7,390,239

Assets . . . . . . $(000)
Overseas assets—
Denominated in overseas currencies—
(a) Short term . . . . . . 2,459,147
(b) Long term . . . . . . 15,907
(c) Holdings of I.M.F. special drawing rights . . . . . . 13,857
Denominated in New Zealand currency—
(a) Short term . . . . . . —
(b) Long term . . . . . . 2,959
Gold . . . . . . 699
. . . . . . 2,492,569
Advances and discounts—
(a) State:
Public account . . . . . . —
Other . . . . . . 670,592
(b) Marketing organisations . . . . . . 792,752
(c) Stabilisation accounts . . . . . . 491,558
(d) Trading banks:
Compensatory deposits . . . . . . —
Other . . . . . . 13,681
(e) Other . . . . . . 359
. . . . . . 1,968,942
Investments in New Zealand—
(a) New Zealand Government securities . . . . . . 2,010,848
(b) Other . . . . . . 3,273
. . . . . . 2,014,121
Other assets . . . . . . 914,607
$7,390,239

G. K. FROGGATT, Chief Manager, Corporate Services.



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✨ LLM interpretation of page content

🏭 Customs Exchange Rates Notice (No. 2) 1985

🏭 Trade, Customs & Industry
16 January 1985
Customs Act 1966, exchange rates, foreign currencies, duty assessment
  • P. J. McKONE, Comptroller of Customs

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

💰 Finance & Revenue
Reserve Bank, assets, liabilities, financial statement, December 1984
  • G. K. FROGGATT, Chief Manager, Corporate Services