New Zealand Gazette – 1988 – No. 146

Page 2274

✨ Financial Tables

25 AUGUST NEW ZEALAND GAZETTE 3375

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.

	1988	1987
	$(000)	$(000)
On capital liability—
Energy: Geothermal	401	401
Energy: Mines	...	305
Housing	38,513	35,332
Housing Corporation of New Zealand	57,268	73,116
New Zealand Railways Corporation	350	507
Post Office	...	256
Revolving funds—
Government Computing Service Fund	1,999	...
Government Printing Office Fund	1,580	1,461
Rural Banking and Finance Corporation of New Zealand	60,786	70,348
	160,897	183,726

| On other public money— | | |
| Investments made in respect of the— | | |
| Consolidated Account | 1,925 | 1 |
| Trust Account | ... | 534 |
| Loans Account | 11,296 | 41,542 |
| Loans Redemption Account | 34,164 | 40,120 |

| On advances to— | | |
| Loans and advances to hospitals, local authorities etc. | 1,015 | 105 |
| | 48,400 | 82,302 |

| Payments received from state-owned enterprises— |
| Airways Corporation of New Zealand Ltd. | 2,095 | ... |
| Coal Corporation of New Zealand Ltd. | 332 | ... |
| Electricity Corporation of New Zealand Ltd. | 88,317 | ... |
| Land Corporation Ltd. | 10,370 | ... |
| New Zealand Forestry Corporation Ltd. | 15,000 | ... |
| | | 116,114 |
| | $325,411| $266,028|

Dividends

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

| Revolving Funds— | |
| Government Computing Service Fund | $3,706 | ... |

Profits

The following profits were received during the period:

| Reserve Bank of New Zealand | $50,000 | $32,588 |

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VUW Te Waharoa — NZ Gazette 1988, No 146

NZLII — NZ Gazette 1988, No 146

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✨ LLM interpretation of page content

💰 Interest on Capital Liabilities and Investments

Domain💰 Finance & Revenue
KeywordsInterest, Capital Liabilities, Investments, Public Account, Government Agencies

💰 Dividends Received

Domain💰 Finance & Revenue
KeywordsDividends, Revolving Funds, Government Computing Service Fund

💰 Profits Received

Domain💰 Finance & Revenue
KeywordsProfits, Reserve Bank of New Zealand

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