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New Zealand Gazette – 1986 – No. 193

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✨ Financial Notices

5182
THE NEW ZEALAND GAZETTE
No. 193

Vote: Energy (part vote)
Includes a payment for debt restructuring of $743.4 million being part of the $800 million debt restructure of Petrocorp. The remaining debt of $56.5 million has been written off. Provision for this expenditure is to be included in the Supplementary Estimates for 31 March 1987.
The Public Debt of New Zealand—Inflation-adjusted Savings Bonds
This figure does not include the sum of $397,233,296 being the assessment by the Reserve Bank of New Zealand of the obligation at 30 September 1986 in respect of the premium on redemption.
Movements in Currency Values
In accordance with the Particular Accounting Policy adopted in respect of foreign currencies exchange rates were officially realigned on 1 September 1986. The New Zealand dollar values of overseas public debt, investments, and cash holdings were adjusted accordingly. There were also several individual alterations during the quarter which necessitated adjustment to the New Zealand dollar values of the overseas investments and cash holdings concerned.

The total net increase in the public debt of $2,649,189,000 arising from 1 September 1986 realignment consisted of:

Realignement
1 September 1986

Loans denominated in—

                        Increase      Decrease
                        ($000)        $000)

Australian dollar .. 169
Canadian dollar 1,954 ..
Deutschmark 328,232 ..
Dutch guilder 38,398 ..
European currency unit 57,031 ..
French franc 920 ..
Indian rupee 611 ..
Japanese yen 1,017,980 ..
Pound sterling 187,232 ..
Swiss franc 464,901 ..
United States dollar 551,833 169
2,649,092 ..
IBRD loans (various currencies) 266 ..
Net Increase .. 2,649,189
$2,649,358 $2,649,358

The total net increase of $24,210,000 in the overseas investments consisted of:

Realignement
1 September 1986

Investments denominated in—

                        Increase      Decrease
                        $000)         $000)

Canadian dollar 486 ..
Deutschmark 1,259 ..
Dutch guilder 3,219 ..
Japanese yen 3,275 ..
Pound sterling 859 ..
Swiss franc 103 ..
United States dollar 15,009 ..
Net Increase 24,210 24,210
$24,210 $24,210

G. C. Scott,
Secretary to the Treasury.
30 October 1986

R. C. W. Hamilton,
Director, Financial Management, Treasury.
30 October 1986

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VUW Te Waharoa — NZ Gazette 1986, No 193

NZLII — NZ Gazette 1986, No 193

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Expenditure on Energy Vote

Domain💰 Finance & Revenue
Dated30 October 1986
KeywordsExpenditure, Debt restructuring, Petrocorp, Supplementary Estimates
👩‍💼 Officials

G. C. Scott, Secretary to the Treasury
R. C. W. Hamilton, Director, Financial Management, Treasury

💰 Public Debt Inflation-adjusted Savings Bonds

Domain💰 Finance & Revenue
Dated30 October 1986
KeywordsPublic debt, Savings bonds, Redemption premium
👩‍💼 Officials

G. C. Scott, Secretary to the Treasury
R. C. W. Hamilton, Director, Financial Management, Treasury

💰 Movements in Currency Values

Domain💰 Finance & Revenue
Dated30 October 1986
KeywordsCurrency realignment, Exchange rates, Public debt, Overseas investments
👩‍💼 Officials

G. C. Scott, Secretary to the Treasury
R. C. W. Hamilton, Director, Financial Management, Treasury

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