As filed with the Securities and Exchange Commission on March ___,
2002
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 18-K
ANNUAL REPORT
of
HER MAJESTY THE QUEEN
IN RIGHT OF NEW ZEALAND
(Name of Registrant)
Date of end of last fiscal year: June 30, 2001
SECURITIES REGISTERED
(As of the close of the last fiscal period)
Amounts as to which Names
of exchanges
Title of Issue registration is effective on which
registered
Twenty Year 10 5/8%
Bonds Due November 15, 2005 US$200,000,000 New York
Stock Exchange
Twenty-five Year 9 7/8%
Bonds Due January 15, 2011 US$150,000,000 New York
Stock Exchange
Name and address of person authorized to receive notices and
communications from the Securities and Exchange Commission:
HIS EXCELLENCY MR. DON MACKAY
Permanent Representative
of the New Zealand Permanent Mission
to the United Nations
One United Nations Plaza
25th Floor
New York, NY 10017
________
Copies to:
JEFFREY F. BROWNE
Sullivan & Cromwell
101 Collins Street
Melbourne, Victoria 3000
Australia
1. In respect of each issue of securities of the registrant
registered, a brief statement as to:
(a) The general effect of any material modifications, not previously
reported, of the rights of the holders of such securities.
No such modifications.
(b) The title and the material provisions of any law, decree or
administrative action, not previously reported, by reason of which
the security is not being serviced in accordance with the terms
thereof.
No such provisions.
(c) The circumstances of any other failure, not previously reported,
to pay principal, interest, or any sinking fund or amortization
installment.
No such failure.
2. A statement as of the close of the last fiscal year of the
registrant giving the total outstanding of:
(a) Internal funded debt of the registrant. (Total to be stated in
the currency of the registrant. If any internal funded debt is
payable in a foreign currency, it should not be included under this
paragraph (a), but under paragraph (b) of this item.)
Reference is made to the information under the heading "Public Debt -
Summary of Direct Public Debt" in Exhibit (d)(1) hereto. As of 30
June 2001, there was outstanding NZ$16 million internal debt of
others guaranteed by the registrant.
(b) External funded debt of the registrant. (Totals to be stated in
the respective currencies in which payable. No statement need be
furnished as to intergovernmental debt.)
Reference is made to the information under the headings "Public Debt
- - Direct Public Debt by Currency of Payment" and "Tables and
Supplementary Information" in Exhibit (d)(1) hereto.
3. A statement giving the title, date of issue, date of maturity,
interest rate and amount outstanding, together with the currency or
currencies in which payable, of each issue of funded debt of the
registrant outstanding as of the close of the last fiscal year of the
registrant.
Reference is made to the information under the headings "Public
Debt" and "Tables and Supplementary Information" in Exhibit (d)(1)
hereto.
4. (a) As to each issue of securities of the registrant which is
registered, there should be furnished a break-down of the total
amount outstanding, as shown in Item 3, into the following:
(1) Total amount held by or for the account of the registrant.
As of 30 June 2001: None
(2) Total estimated amount held by nationals of the registrant (or
if registrant is other than a national government by the nationals of
its national government); this estimate need be furnished only if it
is practicable to do so.
Not practicable to furnish.
(3) Total amount otherwise outstanding:
As of 30 June 2001 there was US$136,580,000 of the US$200,000,000
Twenty Year 10e% Bonds due November 15, 2005 outstanding and
US$40,635,000 of the Twenty-five Year 9f% Bonds due January 15, 2011
outstanding.
(b) If a substantial amount is set forth in answer to paragraph
(a)(1) above, describe briefly the method employed by the registrant
to reacquire such securities.
Not applicable.
5. A statement as of the close of the last fiscal year of the
registrant giving the estimated total of:
(a) Internal floating indebtedness of the registrant. (Total to be
stated in the currency of the registrant).
Reference is made to the information under the heading "Public Debt -
Summary of Direct Public Debt" in Exhibit (d)(1) hereto.
(b) External floating indebtedness of the registrant. (Total to be
stated in the respective currencies in which payable).
Amount outstanding
Floating Debt at 30 June 2001 (millions)
Repayable in United States Dollars USD 150.0
Repayable in Japanese Yen JPY 0.0
Repayable in Euros EUR 0.0
Repayable in Deutschmarks DM 0.0
Repayable in Swiss Francs SwF 0.0
Repayable in Pounds Sterling GBP 0.0
Reference is made to the information under the headings "Public Debt
- - Summary of Direct Public Debt" and "Public Debt - Direct Public
Debt by Currency of Payment" in Exhibit (d)(1) hereto.
6. Statement of the receipts, classified by source, and of the
expenditures, classified by purpose, of the registrant for each
fiscal year of the registrant ended since the close of the latest
fiscal year for which such information was previously reported.
These statements should be so itemized as to be reasonably
informative and should cover both ordinary and extraordinary receipts
and expenditures; there should be indicated separately, if
practicable, the amount of receipts pledged or otherwise specifically
allocated to any issue registered, indicating the issue.
Reference is made to the information under the heading "Public
Finance and Fiscal Policy - Current Fiscal Position" in Exhibit
(d)(1) hereto.
7. (a) If any foreign exchange control, not previously reported, has
been established by the registrant (or if the registrant is other
than a national government, by its national government), briefly
describe such foreign exchange control.
No such modifications.
(b) If any foreign exchange control previously reported has been
discontinued or materially modified, briefly describe the effect of
any such action, not previously reported.
No such modifications.
8. Brief statements as of a date reasonably close to the date of the
filing of this report (indicating such date) in respect of the note
issue and gold reserves of the central bank of issue of the
registrant, and of any further gold stocks held by the registrant.
Reference is made to the information under the heading "External
Sector - Foreign-Exchange Rates and Overseas Reserves" and
"Supervision of the Financial Sector - The Reserve Bank of New
Zealand" in Exhibit (d)(1) hereto. New Zealand no longer maintains
gold reserves of any sort.
9. Statements of imports and exports of merchandise for each year
ended since the close of the latest year for which such information
was previously reported. Such statements should be reasonably
itemized so far as practicable as to commodities and as to countries.
They should be set forth in terms of value and of weight or quantity;
if statistics have been established only in terms of value, such will
suffice.
Reference is made to the information under the heading "External
Sector - External Trade" in Exhibit (d)(1) hereto.
10. The balance of international payments of the registrant for each
year ended since the close of the latest year for which such
information was previously reported. The statements of such balances
should conform, if possible, to the nomenclature and form used in the
"Statistical Handbook of the League of Nations". (These statements
need be furnished only if the registrant has published balances of
international payments).
Reference is made to the information under the caption "External
Sector - Balance of Payments" in Exhibit (d)(1) hereto.
This annual report comprises:
(a) Pages numbered 1 to 5 consecutively
(b) The following exhibits:
Exhibit (a) - None.
Exhibit (b) - None.
Exhibit (c) - The 2002 Budget Policy Statement.
Additional Exhibits:
Exhibit (d)(1) - Description of New Zealand.
(d)(2) - Crown Financial Statements for the Six Months ended
December 31, 2001
This annual report is filed subject to the Instructions for Form 18-
K for Foreign Governments and Political Subdivisions Thereof.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this annual report to be signed on its
behalf by the undersigned, thereunto duly authorized, at New York,
New York on the ____ day of March 2002.
Her Majesty the Queen in Right of New Zealand
By _____Don MacKay_______________________
HIS EXCELLENCY MR. DON MACKAY
Permanent Representative
New Zealand Permanent Mission
to the United Nations
Exhibit Index
(c) The 2001 Budget Policy Statement.
(d) (1) Description of New Zealand.
(d) (2) Crown Financial Statements for the Six Months ended December
31, 2001