294 THE NEW ZEALAND GAZETTE No. 15

Exemption Order Under the Motor Drivers Regulations 1940

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PURSUANT to the Motor Drivers Regulations 1940, the Minister of Transport hereby orders and declares that the provisions of clause (1) of regulation 7 of the said regulations so far as they relate to the driving of heavy trade motors shall not apply to the persons hereinafter mentioned, but in lieu thereof the following provision shall apply:

A motor driver’s licence issued under the Motor Drivers Regulations 1940 to the persons described in column 1 of the Schedule hereunder may authorise them to drive a heavy trade motor in the course of their employment for the employers described in column 2 of the said Schedule, but shall not authorise them, while they are under the age of 18 years, to drive a heavy trade motor for any other purpose.

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SCHEDULE

Column 1 (Drivers) Column 2 (Employers)
Robert Mervyn Loveridge, Father.
Weld Road, Oakura R.D.,
New Plymouth
Young Lim, P.O. Box 5, Ohakune Junction Father.
Phillip Julian Hayman, care of Hayman Motors Ltd.
Hayman Motors Ltd., Hau-tapu Street, Taihape

Dated at Wellington this 19th day of January 1960.
J. MATHISON, Minister of Transport.

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Exemption Order Under the Motor Drivers Regulations 1940

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PURSUANT to the Motor Drivers Regulations 1940, the Minister of Transport doth hereby order and declare that the provisions of clause (1) of regulation 7 of the said regulations so far as they relate to the driving of heavy trade motors shall not apply to the person hereinafter mentioned, but in lieu thereof the following provision shall apply:

A motor driver’s licence issued under the Motor Drivers Regulations 1940 to the person described in column 1 of the Schedule hereunder may authorise him to drive a two-axle heavy trade motor only in the course of his employment for the employer described in column 2 of the said Schedule, but shall not authorise him, while he is under the age of 18 years, to drive a heavy trade motor for any other purpose.

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SCHEDULE

Column 1 (Driver) Column 2 (Employer)
Graham Donald Lines, care E. W. Lines Ltd., Carriers,
of E. W. Lines Ltd., Kaponga.
Carriers, Kaponga

Dated at Wellington this 24th day of February 1960.
J. MATHISON, Minister of Transport.

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Land and Income Tax Act 1954: Interest on Income Tax Paid in Advance

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PURSUANT to section 207 of the Land and Income Tax Act 1954 as amended by section 89 (c) of the Income Tax Assessment Act 1957, the Minister of Finance has prescribed that interest at 2½ per centum per annum will be credited on advance payments of income tax made by a taxpayer, being a subsisting company* or a public authority (other than either of them in the capacity of a trustee or agent) or a Maori Authority, which will become payable during the financial year ending 31 March 1961, provided the total interest so calculated amounts to 5s. or more.

Advance payments carry interest for each complete month commencing from 2 March 1960, or the date of payment (whichever is the later) to 1 February 1961, inclusive.

Dated at Wellington this 24th day of February 1960.
F. R. MACKEN, Commissioner of Inland Revenue.

*“Subsisting company” means a company which was incorporated before the 26th day of July 1957, but does not include a company which, by virtue of an election under section 42 of the Income Tax Assessment Act 1957, has become a provisional taxpayer.

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RESERVE BANK OF NEW ZEALAND

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STATEMENT OF ASSETS AND LIABILITIES OF THE RESERVE BANK OF NEW ZEALAND AS AT THE CLOSE OF BUSINESS ON WEDNESDAY, 24 FEBRUARY 1960

Liabilities

2. General Reserve Fund £ 1,500,000 0 0
3. Bank notes 78,341,177 0 0
4. Demand liabilities—
   (a) State—
   (i) Government marketing accounts 185,774 14 10
   (ii) Other 11,570,263 17 4
   (b) Banks 95,399,066 17 2
   (c) Other—
   (i) Marketing organisations 204,429 10 8
   (ii) Other demand liabilities 1,208,296 10 3
5. Time deposits
6. Liabilities in currencies other than New Zealand currency 138,237 15 9
7. Other liabilities 9,429,036 4 1

£197,976,282 10 1

Assets

8. Reserve—
   (a) Gold £ 315,210 0 6
   (b) Sterling exchange 55,758,977 18 3
   (c) Gold exchange ……
   (d) Other exchange 594,106 9 7
9. Subsidiary coin 602,141 11 8
10. Discounts—
    (a) Commercial and agricultural bills ……
    (b) Treasury and local body bills ……
11. Advances—
    (a) To the State or State undertakings—
    (i) Government marketing accounts ……
    (ii) For other purposes 69,287,247 10 2
    (b) To other public authorities ……
    (c) Other—
    (i) Marketing organisations 19,769,948 12 0
    (ii) Other advances ……
12. Investments—
    (a) Sterling 11,724,497 7 4
    (b) Other 32,808,147 0 6
13. Bank buildings ……
14. Other assets—
    (a) Gold 5,848,080 10 11
    (b) Other 1,267,925 9 2

£197,976,282 10 1

R. M. SMITH, Chief Accountant.

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Notice Under the Regulations Act 1936

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PURSUANT to the Regulations Act 1936, notice is hereby given of the making of regulations as under:

Authority for Enactment Short Title or Subject-matter Serial Number Date of Enactment Price (Postage Free)
Education Act 1914 Post-primary School Grants Regulations 1957, Amendment No. 1 1960/18 29/2/60 6d.

Copies can be purchased from the Government Publications Bookshops—corner of Rutland and Lorne Streets (P.O. Box 5344), Auckland; corner of Lambton Quay and Bunny Street (Private Bag), Wellington; 130 Oxford Terrace (P.O. Box 1721), Christchurch. Prices for quantities supplied on application. Copies may be ordered by quoting serial number.

R. E. OWEN, Government Printer.