Writing Down in Public Accounts
WELLINGTON. Wed. (Sp.).—The adjustments in values of the Government’s overseas investments following the reversion of New Zealand's exchange rate to parity with sterling, has meant some substantial writing down.
The Public Account Investment Account lias been reduced in respect to its overseas funds to the extent of £927,500. the Reserve Fund Account has been written down by £528,250 and overseas investments of the Earthquake and War Damage Fund £339,520, making a total reduction of £1,759,270.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19481222.2.103
Bibliographic details
Northern Advocate, 22 December 1948, Page 9
Word Count
80Writing Down in Public Accounts Northern Advocate, 22 December 1948, Page 9
Using This Item
NZME is the copyright owner for the Northern Advocate. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in