New Zealand Gazette – 1985 – No. 161

Page 3801

✨ Financial Statements

2 SEPTEMBER THE NEW ZEALAND GAZETTE 3801

Interest on Capital Liabilities and Investments
Under section 99 of the Public Finance Act 1977, any money advanced from the Public Account to a government agency constitutes a capital liability of that agency upon which interest is paid at a rate or rates as determined by the Minister of Finance. This table accordingly discloses the moneys received by way of interest. Interest received on Public Account investments and on other loans is also disclosed in the table.
```
                                                                                             1985         1984
                                                                                           $(000)      $(000)
```
On capital liability—
Air New Zealand Ltd. 210 2
Development Finance Corporation of New Zealand 88,121 62,603
Energy: Electricity 13,111 6,148
Energy: Mines 28,963 17,022
Housing 71,704 40,148
Housing Corporation of New Zealand 20,466 2,670
Maori Affairs 977 441
Natural Gas Corporation of New Zealand Ltd. 6,271 15,066
New Zealand Railways Corporation
Post Office
Revolving funds—
Government Printing Office 989
Rural Banking and Finance Corporation of New Zealand 20,947 46,748
Tourist Hotel Corporation of New Zealand 1,298
253,057 210,109

On other public money—
New Zealand’s investment in—
Winstone-Samsung Industries Ltd. 511

Investments made in respect of the—
Trust Account 139 139
Loans Account 2,377 1,272
Loans Redemption Account 17,836 15,746

On advances to—
New Zealand Steel Ltd. 505 505
New Zealand Steel Development Ltd. 3,472
Petroleum Corporation of New Zealand Ltd. 10,889
Loans and advances to hospitals, local authorities etc., 246 139
35,975 17,801
$289,032 $227,910

Dividends
No dividends were received during the three months. The figure for 1984 is a dividend from Petroleum Corporation of New Zealand Ltd. $14,000
Profits
The following profit was received during the three months:
Reserve Bank of New Zealand $79,821

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VUW Te Waharoa — NZ Gazette 1985, No 161

NZLII — NZ Gazette 1985, No 161

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✨ LLM interpretation of page content

💰 Interest on Capital Liabilities and Investments

Domain💰 Finance & Revenue
KeywordsInterest, Capital Liabilities, Investments, Public Account

💰 Dividends Received

Domain💰 Finance & Revenue
KeywordsDividends, Petroleum Corporation

💰 Profits Received

Domain💰 Finance & Revenue
KeywordsProfits, Reserve Bank of New Zealand

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