New Zealand Gazette – 1987 – No. 216

Page 5583

✨ Financial Tables

7 DECEMBER

NEW ZEALAND GAZETTE

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.

	1987	1986
	$(000)	$(000)
On capital liability—
Air New Zealand Ltd.	105	140
Development Finance Corporation of New Zealand Ltd.	193	—
Energy: Electricity	802	177,004
Energy: Geothermal	...	33,914
Energy: Mines	305	61,890
Housing Corporation of New Zealand	79,666	156,174
New Zealand Railways Corporation	956	1,208
Post Office	256	74,855
Revolving funds	1,101	—
Government Computing Service Fund	...	—
Government Printing Office Fund	1,620	1,433
Rural Banking and Finance Corporation of New Zealand	140,695	152,746
	353,684	659,557

Investments made in respect of the—
| Consolidated Account | 1,529 | — |
| Trust Account | 562 | — |
| Loans Account | 72,010 | 183 |
| | 2,445 | 20,106 |
| Loans Redemption Account | 67,732 | — |
| | 141,833 | 22,734 |

On advances to—
| Petroleum Corporation of New Zealand Ltd. etc. | 142 | 2,668 |
| Loans and advances to hospitals, local authorities etc. | 50 | 118 |
| Loans to local authorities for harbour projects (IBRD loans) | 192 | 75 |
| | 142,257 | 25,967 |
| | $495,941 | $685,524 |

Dividends

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

	1987	1986
Air New Zealand Ltd.	28,000	—
Bank of New Zealand	20,000	14,000
Development Finance Corporation of New Zealand Ltd.	3,300	3,300
Energy: Electricity	42,000	—
Fletcher Challenge Ltd.	1	—
Government Computing Service Fund	2,525	—
	95,826	17,300

Profits

The following profits were received during the six months:

	1987	1986
Housing Corporation of New Zealand	10,166	10,000
Reserve Bank of New Zealand	32,588	—
	42,754	10,000

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VUW Te Waharoa — NZ Gazette 1987, No 216

NZLII — NZ Gazette 1987, No 216

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 Returns

💰 Profits Received

Domain💰 Finance & Revenue
KeywordsProfits, Financial Returns

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