New Zealand Gazette – 1987 – No. 107

Page 3200

✨ Banking and Commerce Notices



3200
THE NEW ZEALAND GAZETTE
No. 107

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF PRINCIPAL LIABILITIES AND ASSETS IN RESPECT
OF NEW ZEALAND BUSINESS AS AT CLOSE OF BUSINESS ON 29 APRIL 1987

Pursuant to section 5 (5) of the Securities Act 1978
(All amounts in New Zealand Currency)

LIABILITIES*
(N.Z.$ thousands)

Australia and New Zealand Banking Group (New Zealand) Limited Bank of New Zealand The National Bank of New Zealand Limited Westpac Banking Corporation TOTALS
1. Demand deposits in New Zealand $ 1,106,976 $ 1,513,159 $ 569,116 $ 706,969 $ 3,896,220
2. Time deposits in New Zealand 3,027,618 5,415,046 2,805,882 3,160,708 14,409,254
3. Liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 373,807 77,803 174,593 545,775 1,171,978
4. Bills payable and all other liabilities in New Zealand, including balances due to other banks but excluding shareholders’ funds 73,676 93,483 26,410 54,636 248,205

ASSETS**
(N.Z.$ thousands)

Australia and New Zealand Banking Group (New Zealand) Limited Bank of New Zealand The National Bank of New Zealand Limited Westpac Banking Corporation TOTALS
1. Balances at Reserve Bank of New Zealand $ 4 $ - $ 2 $ 5,533 $ 5,539
2. Reserve Bank of New Zealand notes 55,586 113,683 35,320 44,959 249,548
3. New Zealand coin 1,772 3,204 1,412 2,366 8,754
4. Assets elsewhere than in New Zealand held in respect of New Zealand business 471,814 282,717 196,455 380,033 1,331,019
5. Advances in New Zealand and discounts of bills payable in New Zealand (excluding advances and discounts included under item 6)—
(a) Advances 1,452,976 3,087,478 1,312,066 1,256,050 7,108,570
(b) Discounts 134,711 93,501 174,810 167,861 570,883
6. Term loans in New Zealand 1,655,111 2,318,084 1,010,046 1,900,060 6,883,301
7. Investments held in New Zealand—
(a) Government securities
(i) Treasury Bills 147,000 265,288 85,563 100,325 598,176
(ii) Government Stock 586,868 1,456,606 538,361 540,676 3,122,511
(b) Other Investments 283,412 803,538 62,414 243,076 1,394,440
8. Cheques and bills drawn on other banks in New Zealand and balances with and due from other banks in New Zealand (excluding balances with Reserve Bank of New Zealand) - 6,348 305 111,065 117,718
9. Book value of land, buildings, furniture, fittings, and equipment in New Zealand 29,111 175,095 121,905 81,962 408,073
10. All other assets in New Zealand 171,544 - 40 18,494 190,078

*Excluding shareholders’ funds, contingencies, inter-branch accounts within New Zealand, and certain transit items.
**Excluding inter-branch accounts within New Zealand, contingencies, and certain transit items.

Wellington, N.Z., 2 July 1987.

M. J. WALSH, Chief Manager, Financial Markets Department, Reserve Bank of New Zealand.

Notice by Commerce Commission of Clearances of Merger and Takeover Proposals

NOTICE is hereby given that the Commerce Commission has given clearance to the following merger and takeover proposals in terms of section 66 (3) (a) of the Commerce Act 1986.

Person by or on behalf of whom notice was given in terms of section 66 (1) of the Commerce Act 1986

Proposal

Date of Clearance

Commission Reference

Reckitt and Colman (NZ) Ltd.

Reckitt and Colman (NZ) Ltd. may acquire some of the New Zealand assets of Beecham (NZ) Ltd. relating to the manufacture, marketing, sale and distribution in New Zealand of health care products, over-the-counter medicines and toiletries (but not assets relating to pharmaceuticals) and the licensing of certain international consumer brands as specified in the application

24 June 1987

AUT/MT-R19/1

Wrightson NMA Ltd.

Wrightson NMA Ltd. may acquire up to 100 per cent of the shares in the Canterbury Saleyards Company Ltd.

24 June 1987

AUT/MT-W9/2

Chase Corporation Ltd.

Chase Corporation Ltd. may acquire up to 100 percent of the issued capital of Durney Construction Company Ltd.

25 June 1987

AUT/MT-C1/6

Dated at Wellington this 1st day of July 1987.

D. T. WOGAN, for Commerce Commission.

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✨ LLM interpretation of page content

💰 Summary of Trading Banks’ Monthly Returns

💰 Finance & Revenue
2 July 1987
Banking, Liabilities, Assets, Financial Returns, Reserve Bank
  • M. J. Walsh, Chief Manager, Financial Markets Department, Reserve Bank of New Zealand

🏭 Commerce Commission Clearances of Merger and Takeover Proposals

🏭 Trade, Customs & Industry
1 July 1987
Merger, Takeover, Clearance, Commerce Commission, Business Acquisition
  • Reckitt and Colman (NZ) Ltd., Clearance for acquisition of Beecham (NZ) Ltd. assets
  • Wrightson NMA Ltd., Clearance for acquisition of Canterbury Saleyards Company Ltd.
  • Chase Corporation Ltd., Clearance for acquisition of Durney Construction Company Ltd.

  • D. T. Wogan, for Commerce Commission