New Zealand Gazette – 1989 – No. 33

Page 785

✨ Financial Reports and Loan Details

27 FEBRUARY NEW ZEALAND GAZETTE

11. Loans Raised:

The following are details of loans raised during the nine months:

	1988	1987
	$(000)	$(000)

In New Zealand
Kiwi Bonds—
11.5 percent various ... 14,692
11.75 percent various ... 8,367
12 percent various ... 18,279
12.25 percent various ... 1,331
12.5 percent various ... 2,683
13 percent various ... 8
14 percent various ... 58
14.25 percent various ... 5

Total Kiwi Bonds ... 45,423
Non-Discountable securities ... 68,954
Special Issues ... 233,500
Tender Stock—
11 percent 15 February 1991 ... 530,000
10 percent 15 November 1993 ... 2,080,000

Total New Zealand Loans ... 2,610,000 | 2,204,105

Overseas
Capital equipment credit arrangements ... 20,230

Total Loans Raised ... 2,888,923 | 2,802,289

12. Permanent Appropriations, Loans Account

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

	1988	1987
Enhancement of securities—ADB ...	1,900	900
Enhancement of securities—IBRD ...	...	50
Subscription to International Finance Corporation ...	...	1,095
Subscription to IBRD ...	372	256
Subscription to IMF ...	...	7
Charges and expenses of raising loans—

In New Zealand—
Discounts on tender stock ... | 262,886 | 150,370 |

Total Charges and Expenses ... 265,158 | 152,678

13. 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.

Amount ... $1,700,000

14. Loans raised overseas for the purpose of repaying loans

These are as follows:

Maturity Year Ending 31 March	1988	1987
1989	265,221	...
1990	...	47,934
1993	...	386,698
1994	779,509	...
1996	780,714	532,209
1998	...	265,722
1999	75,075	...
2003	...	321,960

Total ... $1,900,519 | $1,554,523

15. 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.

Amount ... $1,676,948

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VUW Te Waharoa — NZ Gazette 1989, No 33

NZLII — NZ Gazette 1989, No 33

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

💰 Loans Raised in New Zealand and Overseas

Domain💰 Finance & Revenue
KeywordsLoans, Kiwi Bonds, Tender Stock, Capital equipment credit

💰 Permanent Appropriations from Loans Account

Domain💰 Finance & Revenue
KeywordsPermanent appropriations, ADB, IBRD, IMF, Loan 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, Loan repayment, Maturity years

💰 Reserve Bank Notes and Bills

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

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