New Zealand Gazette – 1986 – No. 193

Page 5171

✨ Financial Tables

5172 THE NEW ZEALAND GAZETTE No. 193.

4. 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.

On capital liability—	1986	1985
Air New Zealand Ltd.	$(000) 140	$(000) 385
Development Finance Corporation of New Zealand	193	192
Energy: Electricity	177,004	179,713
Energy: Mines	33,914	26,875
Housing	61,890	57,932
Housing Corporation of New Zealand	156,174	144,501
Maori Affairs	-	20,466
New Zealand Railways Corporation	1,208	1,767
Post Office	74,855	46,300
Revolving funds—
Government Computer Services	-	4,821
Government Printing Office	1,433	989
Rural Banking and Finance Corporation of New Zealand	152,746	149,535
Tourist Hotel Corporation of New Zealand	-	1,299
	659,557	634,775

Investments made in respect of the—
| Trust Account | 183 | 167 |
| Loans Account | 2,445 | 2,778 |
| Loans Redemption Account | 20,106 | 26,709 |

On advances to—
| New Zealand Steel Ltd. | - | 4,029 |
| New Zealand Steel Development Ltd. | - | 6,436 |
| Petrolcorp Corporation of New Zealand Ltd. | 2,668 | 16,167 |
| Loans and advances to hospitals, local authorities, etc.| 118 | 302 |
| Loans to local authorities for harbour projects (IBRD loans) | 75 | 90 |
| | 25,967 | 57,189 |
| | $685,524 | $691,964 |

5. Dividends

The following amounts were received by way of dividends during the six months:

	1986	1985
Air New Zealand Ltd.	-	53,000
Bank of New Zealand	14,000	10,000
Development Finance Corporation of New Zealand	3,300	-
	$17,300	$63,000

6. Profits

The following profits were received during the six months:

	1986	1985
Housing Corporation of New Zealand	10,000	9,759
Reserve Bank of New Zealand	-	79,821
	$10,000	$89,580

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VUW Te Waharoa — NZ Gazette 1986, No 193

NZLII — NZ Gazette 1986, No 193

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Interest on Capital Liabilities and Investments

Domain💰 Finance & Revenue
KeywordsInterest, Capital Liabilities, Investments, Public Finance Act 1977

💰 Dividends Received

Domain💰 Finance & Revenue
KeywordsDividends, Financial Statements, Air New Zealand Ltd, Bank of New Zealand

💰 Profits Received

Domain💰 Finance & Revenue
KeywordsProfits, Financial Statements, Housing Corporation of New Zealand, Reserve Bank of New Zealand

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