✨ Financial Statements
962 THE NEW ZEALAND GAZETTE No. 33
- 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.
- 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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VUW Te Waharoa —
NZ Gazette 1986, No 30
NZLII —
NZ Gazette 1986, No 30
✨ LLM interpretation of page content
💰 Public Debt and Currency Realignment
💰 Finance & Revenue30 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