[UNCLASSIFIED]

Kia ora Stephan,

Thank you for your request under the Official Information Act 1982 which
was received on 10 June 2024. A response will be provided in accordance
with the Act (please see the Office of the Ombudsman Website for more
details – [1]http://www.ombudsman.parliament.nz/).

The Treasury may publish the response to your Official Information Act
(OIA) request. When you are provided with a response to this request, you
will be informed about whether the response to your OIA request will be
published. If the Treasury does publish the response to your OIA request,
personal information, including your name and contact details, will be
removed. This publication process does not apply to extension letters or
transfers.

Regards
George

Ministerial Advisor | Te Tai Ôhanga – The Treasury
Email: [email address]
Visit us online at [2]https://treasury.govt.nz/ and follow us on Twitter,
LinkedIn and Instagram

-----Original Message-----
From: Stephan Hokke <[FOI #27202 email]>
Sent: Monday, June 10, 2024 7:34 PM
To: Ministerial Services Inbox [TSY]
<[The Treasury request email]>
Subject: Official Information request - Schedule of loans and payments
made on loans drawn to finance Marsden Point Oil Refinery

Dear The Treasury,

I am curious as to the outstanding debt remaining on all loans drawn to
finance the Marsden Point Oil Refinery. It is my understanding that loans
were made approximately as to date and amount as I have listed below:

1962      10,000,000 NZ Pounds    initial construction
          1973    160,000,000 NZ Dollars     expansion
          1979    320,000,000 NZ Dollars     further expansion
16May1980    500,000,000 NZ Dollars with Lloyds Bank International
13Oct1982     750,000,000 NZ Dollars with Lloyds Bank International
           1985 1,840,000,000 NZ Dollars     Maintenance on refinery
           1984      80,000,000 NZ Dollars     Loan to assist during
turnover to NZ Refining Limited.

Also, were the loans taken over by NZ Refining Limited or were they kept
by NZ Government?

Finally, were the majority shareholders of NZ Refining Limited liable for
the outstanding balances, and/or the paid off portions? I see the company
records the full costs of the plant etc as an asset and keep a record of
the depreciation. However, I see no record of outstanding debt for those
assets.

My personal details that you request are being provided by my personal
email address.

Yours faithfully,

Stephan Hokke

-------------------------------------------------------------------

This is an Official Information request made via the FYI website.

Please use this email address for all replies to this request:
[FOI #27202 email]

Is [The Treasury request email] the wrong address for Official
Information requests to The Treasury? If so, please contact us using this
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-------------------------------------------------------------------

Link: [5]File-List
Link: [6]Edit-Time-Data
Link: [7]themeData
Link: [8]colorSchemeMapping

--------------------------------------------------------------------------

CONFIDENTIALITY NOTICE

The information in this email is confidential to the Treasury, intended
only for the addressee(s), and may also be legally privileged. If you are
not an intended addressee:
a. please immediately delete this email and notify the Treasury by return
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b. any use, dissemination or copying of this email is strictly prohibited
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References

Visible links
1. http://www.ombudsman.parliament.nz/
2. https://treasury.govt.nz/
3. https://fyi.org.nz/change_request/new?bo...
4. https://fyi.org.nz/help/officers
5. file:///tmp/Signature_files/filelist.xml
6. file:///tmp/Signature_files/editdata.mso
7. file:///tmp/Signature_files/themedata.thmx
8. file:///tmp/Signature_files/colorschememapping.xml

hide quoted sections

[UNCLASSIFIED]

Kia ora Stephan,

Attached is the response to your Official Information Act request. Please
note that this response has been signed out via an electronic process,
rather than a physical signature.

Kind regards
George
Ministerial Advisor | Te Tai Ôhanga – The Treasury
Email: [The Treasury request email]
Visit us online at [1]https://treasury.govt.nz/ and follow us on Twitter,
LinkedIn and Instagram

-----Original Message-----
From: Stephan Hokke <[FOI #27202 email]>
Sent: Monday, June 10, 2024 7:34 PM
To: Ministerial Services Inbox [TSY]
<[The Treasury request email]>
Subject: Official Information request - Schedule of loans and payments
made on loans drawn to finance Marsden Point Oil Refinery

Dear The Treasury,

I am curious as to the outstanding debt remaining on all loans drawn to
finance the Marsden Point Oil Refinery. It is my understanding that loans
were made approximately as to date and amount as I have listed below:

1962      10,000,000 NZ Pounds    initial construction
          1973    160,000,000 NZ Dollars     expansion
          1979    320,000,000 NZ Dollars     further expansion
16May1980    500,000,000 NZ Dollars with Lloyds Bank International
13Oct1982     750,000,000 NZ Dollars with Lloyds Bank International
           1985 1,840,000,000 NZ Dollars     Maintenance on refinery
           1984      80,000,000 NZ Dollars     Loan to assist during
turnover to NZ Refining Limited.

Also, were the loans taken over by NZ Refining Limited or were they kept
by NZ Government?

Finally, were the majority shareholders of NZ Refining Limited liable for
the outstanding balances, and/or the paid off portions? I see the company
records the full costs of the plant etc as an asset and keep a record of
the depreciation. However, I see no record of outstanding debt for those
assets.

My personal details that you request are being provided by my personal
email address.

Yours faithfully,

Stephan Hokke

-------------------------------------------------------------------

This is an Official Information request made via the FYI website.

Please use this email address for all replies to this request:
[FOI #27202 email]

Is [The Treasury request email] the wrong address for Official
Information requests to The Treasury? If so, please contact us using this
form:
[2]https://fyi.org.nz/change_request/new?bo...

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[3]https://fyi.org.nz/help/officers

If you find this service useful as an Official Information officer, please
ask your web manager to link to us from your organisation's OIA or LGOIMA
page.

-------------------------------------------------------------------

Link: [4]File-List
Link: [5]Edit-Time-Data
Link: [6]themeData
Link: [7]colorSchemeMapping

--------------------------------------------------------------------------

CONFIDENTIALITY NOTICE

The information in this email is confidential to the Treasury, intended
only for the addressee(s), and may also be legally privileged. If you are
not an intended addressee:
a. please immediately delete this email and notify the Treasury by return
email or telephone (64 4 472 2733);
b. any use, dissemination or copying of this email is strictly prohibited
and may be unlawful.

 

References

Visible links
1. https://treasury.govt.nz/
2. https://fyi.org.nz/change_request/new?bo...
3. https://fyi.org.nz/help/officers
4. file:///tmp/Signature_files/filelist.xml
5. file:///tmp/Signature_files/editdata.mso
6. file:///tmp/Signature_files/themedata.thmx
7. file:///tmp/Signature_files/colorschememapping.xml

hide quoted sections