
Treasury has revised its sums on what it thinks will be the full cost of the Canterbury earthquake - which is now estimated at four billion dollars.
The Canterbury earthquake has pushed up the cost to the government of borrowing on world markets.
The Transport Agency says initial repairs to State Highways damaged in the Canterbury earthquake could cost up to six million dollars.
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
File Reference: CCL-CE-2013-09-30-EQNZ-2010.JPG Photo taken by G. Coster From the collection of Christchurch City Libraries
A graph shows an earthquake registering 7.1 on the Richter scale and $2 billion on the 'Wreckter' scale. An arrow shoots upwards from the $2 billion anticipating that the cost will rise higher. Text above reads 'SIZE-mic does matter'. Refers to the Christchurch earthquake of Saturday 4th September 2010 and the cost of the damage. No-one was killed. Quantity: 1 digital cartoon(s).
The Canterbury earthquake could force up the cost of building in the region by five percent but the Reserve Bank says it'll ignore that kind of inflation unless it affects the whole country.
Photograph captioned by Fairfax, "Holy Trinity Church on Winchester Street in Lyttelton. The crack in the interior wall of the church by stained glass window will cost at least one million to repair".
Several 'quake victims' dive into a fissure and zip it up as Santa Claus in the form of a malignant '$' symbol leaps towards them yelling 'Ho! Ho! Ho!' One of the quake victims shouts 'Quick Hide! Christmas is getting closer!!' Context; the Christchurch earthquake on 4th September and all the subsequent aftershocks have cost many people a great deal of money. Quantity: 1 digital cartoon(s).
Prime Minister John Key stands grinning on a cracked pedestal bearing the words 'Most popular P.M.' In the background is the Beehive flying a skull and crossbones flag. The landscape is a desert with cactus and dried bones and a vulture in a bare tree. A man and a woman comment that it looks as though the quake may have done damage in Wellington after all, that and the crash of the SCF fund. Refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. There is a colour and a black and white version of this cartoon Quantity: 2 digital cartoon(s).
The cartoon is entitled 'seismic upheaval'. Prime Minister John Key and Finance Minister Bill English stand near great seismic cracks in the ground and stare sadly at a huge wallet, 'Bill's boodle', belonging to Bill English. Vast quantities of banknotes spill out of the cash pocket in the wallet which also contains a 'travel card', a 'house card' and an 'expenses card'. The various cards in the wallet refer to expense account embarrassments relating to Bill English. Etched in the ground are the words 'Christchurch quake' and 'South Canterbury Finance'. The cartoon refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. Quantity: 1 digital cartoon(s).
1. Dr RUSSEL NORMAN to the Minister of Trade: Does he still consider that the United States will benefit from being part of the Trans-Pacific Partnership; if so, how? 2. Hon PHIL GOFF to the Prime Minister: Does he believe that all persons who have served as Ministers in his Government have met the requirement of the Cabinet Manual to behave in a way that upholds, and is seen to uphold, the highest ethical standards in their ministerial capacity, their political capacity and their personal capacity; if so, why? 3. CRAIG FOSS to the Minister of Finance: What reports has he received on the Government's financial position? 4. Hon ANNETTE KING to the Minister of Tourism: How many full-time permanent jobs has his cycleway project created? 5. JONATHAN YOUNG to the Minister for Communications and Information Technology: What progress has been made on the Ultra-fast broadband initiative? 6. Hon TREVOR MALLARD to the Minister of Education: Which ministers, if any, did she personally consult with on the question of removing the requirement for police checks for employees of limited attendance early childhood centres before she introduced the Education Amendment Bill (No 2)? 7. AARON GILMORE to the Minister of Revenue: What examples can he give of families claiming social assistance for which they are not entitled and what has this Government done to stop this abuse? 8. Hon DAVID CUNLIFFE to the Minister of Finance: How much lower will the growth forecast be for the year to March 2011 in the Half Year Economic and Fiscal Update compared with the Budget 2010 forecast? 9. SHANE ARDERN to the Minister of Agriculture: What recent actions has the Government taken to improve the welfare of pigs in New Zealand? 10. Hon RUTH DYSON to the Minister of Health: Will he act to prevent closure of health services in Taihape? 11. AMY ADAMS to the Minister for Land Information: What steps has Land Information New Zealand taken to help in the rebuilding of Canterbury following the 4 September earthquake? 12. Hon DARREN HUGHES to the Minister of Transport: Which project has the higher benefit cost ratio: the Auckland CBD rail loop or the Puhoi to Wellsford Road of National Significance?
Questions to Ministers 1. Hon ANNETTE KING to the Minister for Social Development and Employment: How many working-age people are currently receiving a main benefit and how does this compare to July 2010? 2. AMY ADAMS to the Minister of Finance: What reports has he received on the cost of damage from the Canterbury earthquake? 3. Hon DAVID CUNLIFFE to the Minister of Finance: Will he agree to a full public and independent Commission of Inquiry into the collapse of South Canterbury Finance? 4. METIRIA TUREI to the Attorney-General: Does he stand by his statement that the Marine and Coastal Area (Takutai Moana) Bill "treats all New Zealanders including Māori without discrimination"? 5. Hon DARREN HUGHES to the Minister of Transport: Does he stand by his statement that "the Government is totally committed to the SuperGold Card"? 6. TIM MACINDOE to the Minister for Social Development and Employment: What is the Government doing to support the Canterbury community through the earthquake recovery? 7. Hon TREVOR MALLARD to the Minister of Education: Does she stand by all of her statements in answer to oral question No. 8 yesterday? 8. Dr PAUL HUTCHISON to the Minister of Health: What reports has he received on the Canterbury District Health Board's actions following the Canterbury earthquake? 9. Hon DAVID PARKER to the Attorney-General: Given his answer yesterday that he agreed with the Prime Minister's statement earlier this year, "in the end if we can't reach an agreement then the status quo will remain", what acknowledgement, if any, has he received from the Māori Party that the new legal framework for settling foreshore and seabed claims will be "durable"? 10. Dr JACKIE BLUE to the Minister of Transport: What updates has he received on transport in and around Canterbury following the earthquake and numerous aftershocks? 11. DARIEN FENTON to the Minister of Labour: Is she currently considering any changes to employment law that were not included in the changes announced at the National Party Conference; if so, what are they? 12. KATRINA SHANKS to the Minister of Housing: How is the Department of Building and Housing working to keep landlords and tenants informed of their rights and responsibilities following the Christchurch earthquake?