New Zealand Gazette – 1988 – No. 202

Page 5079

✨ Financial Reports

25 NOVEMBER

NEW ZEALAND GAZETTE

5079

Loans Raised:
The following are details of loans raised during the six months:

	1988	1987
	$(000)	$(000)
In New Zealand
Kiwi Bonds—
11.5 percent various	4,448	8,341
11.75 percent various	...	16,380
12 percent various	...	13
12.5 percent various	...	8
13 percent various	...	58
14 percent various	...	5
14.25 percent various	...	...

	29,153	50,843
Non-Discountable securities	...	509,000
Special Issues	233,500	...
Tender Stock—
11 percent 15 February 1991	...	250,000
10 percent 15 November 1993	...	1,860,000
	2,110,000	1,563,435
	2,372,653	2,123,278

Overseas | | |
| Capital equipment credit arrangements | ... | 20,230 |
| | 2,372,653| 2,143,508|

Permanent Appropriations, Loans Account
The following are details of payments made by way of permanent appropriation from the Loans Account:

	1988	1987
Subscription to IMF	7	...
Encashment of securities—ADB	1,900	900
Subscription to International Finance Corporation	...	1,095
Charges and expenses of raising loans—
In New Zealand
Discounts on tender stock	225,096	112,795
	226,996	114,797

Loans Account
Temporary transfer from Trust Account repaid.
This temporary transfer was made on 31 March 1988 in terms of Section 46 (1) of the Public Finance Act 1977. In terms of the Act the money was transferred back to the Trust Account.
Loans raised overseas for the purpose of repaying loans
These are as follows:

Maturity Year Ending 31 March	1988	1987
1989	265,221	8,749
1990	779,509	...
1994	599,094	...
1996	...	532,209
1998	...	265,722
1999	75,075	...
2003	...	321,960
	1,718,899	1,128,640

Reserve Bank Notes
As permitted by S. 71 of the Public Finance Act 1977, the Government borrowed the proceeds of the tender of Reserve Bank Bills. The introduction of a Reserve Bank Bill replaces Treasury Bills and Government Stock as the principal element of primary liquidity. The accounting treatment which has been adopted is the same as that used for Treasury Bills.

| | 420,100 | ... |

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VUW Te Waharoa — NZ Gazette 1988, No 202

NZLII — NZ Gazette 1988, No 202

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✨ LLM interpretation of page content

💰 Loans Raised During Six Months

Domain💰 Finance & Revenue
KeywordsLoans, Kiwi Bonds, Non-Discountable securities, Special Issues, Tender Stock, Capital equipment credit

💰 Permanent Appropriations from Loans Account

Domain💰 Finance & Revenue
KeywordsIMF Subscription, ADB Securities, International Finance Corporation, Loan Raising Expenses

💰 Loans Account Temporary Transfer

Domain💰 Finance & Revenue
KeywordsTemporary Transfer, Trust Account, Public Finance Act 1977

💰 Loans Raised Overseas for Repayment

Domain💰 Finance & Revenue
KeywordsOverseas Loans, Maturity Years, Loan Repayment

💰 Reserve Bank Notes

Domain💰 Finance & Revenue
KeywordsReserve Bank Bills, Treasury Bills, Government Stock, Public Finance Act 1977

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