25 NOVEMBER NEW ZEALAND GAZETTE

4. 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 monies received by way of interest. Interest received on Public Account investments and on other loans is also disclosed in the table.

| | 1987
| | $(000) | 1988
| | | $(000)
|------------------------------------|--------------|--------
| On capital liability— | |
| Air New Zealand Ltd. | 70 | 105
| Energy: Geothermal | 802 | 802
| Energy: Mines | . | 305
| Housing | 77,026 | 70,666
| Housing Corporation of New Zealand | 114,499 | 137,178
| New Zealand Railways Corporation | 722 | 956
| Post Office | . | 256
| Tourist Hotel Corporation | 877 |
| Revolving funds— | |
| Government Computing Service Fund | 1,999 | 1,101
| Government Printing Office Fund | 1,580 | 1,620
| | 73,246 | 140,595
| | 270,821 | 353,684

| On other public money— | |
| New Zealand's investment in— | |
| Winstone-Pulp Industries Ltd. | . | 232
| New Zealand Refining Co. Ltd. | 492 |
| Investments made in respect of the— | |
| Consolidated Account | 1,925 | 1,529
| Trust Account | . | 362
| Loans Account | 14,075 | 72,010
| Loans Redemption Account | 69,931 | 67,732

| On advances to— | |
| Loans and advances to hospitals, | |
| local authorities etc. | 989 | 192

| Payments received from | |
| state-owned enterprises— | 87,412 | 142,257
| Airways Corporation of New Zealand | 2,096 |
| Auckland International Airport | 2,690 |
| Coal Corporation of New Zealand Ltd| 628 |
| Electricity Corporation of NZ Ltd | 188,528 |
| Government Computing Services Ltd | 1,300 |
| Land Corporation Ltd. | 11,814 |
| New Zealand Forestry Corporation | 30,000 |
| Telecom Corporation of NZ Ltd | 56,577 |
| | 293,733 |
| | $651,966 | $495,941

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

| | $(000) | 1988
| | | $(000)
| Air New Zealand Ltd. | 16,000 | 28,000
| Bank of New Zealand | 31,365 | 20,000
| Development Finance Corporation | . | 3,300
| Electricity | . | 42,000
| Fletcher Challenge Ltd | . | 1
| May Development Corporation | 104 |
| Post Office Bank Ltd. | 10,000 |
| | 57,469 | 93,301

Revolving Funds—
| Department of Science and Industrial| 8,475 |
| Research Science Fund | | 2,525
| Government Computing Service Fund | 3,706 |
| | 12,181 |

State-Owned Enterprises—
| Airways Corporation of NZ Ltd. | 4,000 |
| Coal Corporation of New Zealand | 1,551 |
| Government Property Services Ltd. | 5,941 |
| New Zealand Post Ltd | 33,981 |
| Telecom Corporation of NZ Ltd. | 30,000 |
| | 75,473 |
| | $145,123 | $95,826

6. Profits
   The following profits were received during the period:

| | $(000) | 1988
| | | $(000)
| Housing Corporation of NZ | 39,364 | 10,166
| Reserve Bank of New Zealand | 50,000 | 32,588
| | 89,364 | 42,754