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Statement of trust monies for the year ended 30 June 2010

Statement of trust monies for the year ended 30 June 2010

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 trust balances, including bank and investments at cost, and the movements during the year. 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 that there is no significant concentration of credit risk. Interest-rate risk is managed by investing across a wide range of maturity dates, subject to liquidity requirements.

Opening
balance

2009/10

$000

Contributions

$000

Distributions

$000

Revenue

$000

Expenditure

$000

Closing balance 2009/10

$000

New Zealand Historical Atlas

113

9

122

New Zealand History Research

1,471

(88)

121

(1)

1,503

Australian Trust for Oral History

1,727

(70)

32

1,689

Dictionary of New Zealand Biography

203

18

(78)

143

War History

880

109

43

(7)

1,025

Total

4,394

109

(158)

223

(86)

4,482

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. In 2009/10 the Trust earned $9,000 in royalties and interest.

New Zealand History Research Trust

This trust was established to hold New Zealand Lottery Grants Board funds to be used to make awards to individuals and groups for historical research and writing projects. During the 2009/10 financial year 11 awards were made for a total of $88,000. (2008/09: 10 awards; $100,000).

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 this country. The income from these funds is used to promote oral history in New Zealand. During the 2009/10 financial year eight awards were made for a total of $94,738. (2008/09: 10 awards; $101,500).

Dictionary of New Zealand Biography Trust

This trust was established to hold funds from the New Zealand Lottery Grants Board, sales of publications, and private sponsorship or fundraising for the production of the Dictionary of New Zealand Biography and subsidiary volumes. In 2009/10 the trust funded hosting, and later the migration of the existing website to the Ministry site.

War History Trust

This trust was established to hold funds bequeathed to the Ministry by the estate of Mr J B B 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. In 2009/10 the trust earned $43,000 in interest and received a further contribution of $109,000 from the estate.


Updated on 23rd July 2015