Skip to main content

Statement of Trust Money administered on behalf of the Crown for the year ended 30 June 2008

Statement of Trust Money Administered on Behalf of the Crown for the Year Ended 30 June 2008

The following trust money was administered on behalf of the Crown under Part VII of the Public Finance Act 1989.

The statement shows the opening and closing net assets and the movements during the year.

 

 

Capital
Contributions

 

Capital
Distributions (Awards)

 

Revenue

 

Expenses

 

Closing Net Assets
2007/08

 

 

 

$(000)

 

$(000)

 

$(000)

 

$(000)

 

$(000)

 

New Zealand Encyclopedia

 

-

 

-

 

-

 

-

 

1

 

New Zealand Historical Atlas

 

-

 

-

 

8

 

-

 

106

 

New Zealand History Research

 

-

 

(100)

 

48

 

-

 

1,448

 

Australian Trust for Oral History

 

-

 

-

 

95

 

-

 

1,626

 

Dictionary of New Zealand Biography

 

-

 

-

 

11

 

(8)

 

262

 

War History

 

481

 

-

 

34

 

-

 

515

 

Total

 

481

 

(100)

 

196

 

(8)

 

3,958

 

 

Under the Public Finance Act 1989 and by delegation from the Secretary to the Treasury, trust money can only be invested on deposit with New Zealand registered banks or in New Zealand Government Stock. Trust money is also managed so there is no significant concentration of credit risk. Interest rate risk is managed by investing across a wide range of maturity dates, but subject to liquidity requirements.

New Zealand Encyclopedia Trust

This trust was established to hold New Zealand Lottery Grants Board funds to be used for the feasibility study on the production of the Encyclopedia of New Zealand. The feasibility study was completed in 2001/02 and the government allocated funding for the online Encyclopedia of New Zealand project from 2002/03. The Trust is being held open to receive funds from sales of Encyclopedia publications. The funds will be used for the updating and publication of subsidiary volumes.

New Zealand Historical Atlas Trust

This trust was established to hold New Zealand Lottery Grants Board funds, donations and royalties from sales to be used for the production of the New Zealand Historical Atlas and subsidiary volumes.

New Zealand History Research Trust

This trust was established to hold New Zealand Lottery Grants Board funds to make awards to individuals and groups for historical research and writing projects. During the 2007/08 financial year 11 awards in history were made totalling $100,000 and ranging in value from $4,000 to $25,000 (2006/07: 11 awards; $95,000; $4,000 to $20,000).

Australian Sesquicentennial Gift Trust for Awards in Oral History

This trust was established to hold funds from the Government of the Commonwealth of Australia, gifted to New Zealand in 1990 specifically to gather oral histories of importance to New Zealand. The income from these funds is used for the promotion of oral history in New Zealand. During the 2007/08 financial year eight awards in oral history were made totalling $60,500 and ranging in value from $2,000 to $12,000 (2006/07: 9 awards; $45,700; $2,000 to $8,250).

Dictionary of New Zealand Biography Trust

This trust was established to hold funds from the New Zealand Lottery Grants Board, funds from publication sales, and funds raised by private sponsorship or fundraising for the production of the Dictionary of New Zealand Biography and subsidiary volumes.

War History Trust

This trust was established to hold funds bequeathed to the Ministry for Culture and Heritage by Mr Watson, a long-time supporter of research into New Zealand’s military history. The funds and any interest income are to be used for the researching and writing of works on New Zealand’s involvement in overseas conflicts.


Updated on 23rd July 2015