Financial Statements




962 THE NEW ZEALAND GAZETTE No. 33

  1. The Public Debt of New Zealand—Inflation-adjusted Savings Bonds

This figure does not include the sum of $355,698,160 being the assessment by the Reserve Bank of New Zealand of the obligation at 31 December 1985 in respect of the premium on redemption.

  1. Movements in Currency Values

In accordance with the Particular Accounting Policy adopted in respect of foreign currencies exchange rates were officially realigned on 1 December 1985. 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 $343,482,000 arising from 1 December 1985 realignment consisted of:

Realignment
1 December 1985

Loans denominated in— Increase $(000) Decrease $(000)
Australian dollar . 434
Canadian dollar . 1,379
Deutschemark 45,341 .
European currency unit 5,498 .
French franc 182 .
Indian rupee . 355
Japanese yen 433,521 .
Dutch guilder 5,104 .
Pound sterling . 13,089
Swiss franc 45,962 .
United States dollar . 176,788
535,608 192,045
IBRD loans (various currencies) . 81
Net increase $343,482

The total net increase of $29,783,000 in the overseas investments consisted of:

Realignment
1 December 1985

Investments denominated in— Increase $(000) Decrease $(000)
Canadian dollar 143 .
Deutschemark 1,641 .
Dutch guilder 412 .
French franc 3 .
Japanese yen 17,525 .
Pound sterling 4,158 .
Swiss franc 342 .
United States dollar 5,559 .
Net Increase 29,783

B. V. GALVIN,
Secretary to the Treasury.
30 January 1986.

C. F. SPROULE,
Director, Financial Management, Treasury.
30 January 1986.



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✨ LLM interpretation of page content

💰 Public Debt and Currency Realignment

💰 Finance & Revenue
30 January 1986
Public Debt, Inflation-adjusted Savings Bonds, Currency Realignment, Reserve Bank of New Zealand
  • B. V. Galvin, Secretary to the Treasury
  • C. F. Sproule, Director, Financial Management, Treasury