New Zealand Gazette – 1986 – No. 133

Page 3614

✨ Financial Statements

3614 THE NEW ZEALAND GAZETTE No. 133

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.
```
                                                                                               1986         1985
                                                                                              $(000)      $(000)
```
On capital liability—
Air New Zealand Ltd. 193 210
Development Finance Corporation of New Zealand 88,304 88,121
Energy: Electricity 15,526 13,111
Energy: Mines 30,946 28,963
Housing 78,087 71,704
Housing Corporation of New Zealand 602 20,466
Maori Affairs 37,791 977
New Zealand Railways Corporation 6,271
Post Office 989
Revolving funds—
Government Printing Office 76,273 20,947
Rural Banking and Finance Corporation of New Zealand 1,298
Tourist Hotel Corporation of New Zealand 327,722 253,057

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

Investments made in respect of the—
Trust Account 155 139
Loans Account 2,377
Loans Redemption Account 11,821 17,836

On advances to—
New Zealand Steel Ltd. 505
New Zealand Steel Development Ltd. 3,472
Petroleum Corporation of New Zealand Ltd. 10,889
Loans and advances to hospitals, local authorities etc.,.. 154 246
12,130 35,975
$339,852 $289,032

Profits
The following profits were received during the corresponding period in 1985:
Reserve Bank of New Zealand $79,821

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VUW Te Waharoa — NZ Gazette 1986, No 133

NZLII — NZ Gazette 1986, No 133

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✨ LLM interpretation of page content

💰 Interest on Capital Liabilities and Investments

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

💰 Profits Received

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

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