6. The price to be paid by the Board for any butter
   which, with the approval or at the request of the Board, is
   manufactured, prepared, or packed in special containers, or
   in special quantities, or otherwise in any special manner, shall
   be the appropriate price payable for that butter as herein-
   before provided, adjusted by such appropriate addition or
   reduction as corresponds with the additional costs or the
   reduced costs incurred in such special manufacture, prepara-
   tion, or packing. Any such approval or request of the Board
   may include a stipulation limiting the additional cost to be
   incurred and may dispense with the requirements of para-
   graphs 3 and 4 hereof, and, in that event, payment shall
   be made for the actual net weight of the butter exported.
   The adjustment to prices referred to in this paragraph shall
   be computed by the Board and the computation of the Board
   shall be final.

Dated at Wellington this 28th day of June 1968.

J. T. ANDREWS, Chairman,
Dairy Products Prices Authority.

Advance Prices for Cheese Intended for Export

PURSUANT to the Dairy Board Act 1961, the New Zealand
Dairy Board has fixed the prices to be paid for all cheese
manufactured from milk or cream delivered to a dairy
factory in the season commencing on the 1st day of June
1968 and acquired by the New Zealand Dairy Board, pur-
suant to Part II of the said Act, at the several prices and
upon the terms, stipulations, and conditions following, that
is to say:

1. In the case of New Zealand rindless cheddar cheese-60 lb
   to which is assigned one or other of the following respective
   grades and which is allotted points in grading within the
   range of the following respective grade points under the said
   regulations—

(a) For “Finest” grade, 94 points or over, the price of
15.97 cents per pound;

(b) For “Finest” grade, 93 points or over but under 94
points, the price of 15.77 cents per pound;

(c) For “First” grade, 92 points or over but under 93
points, the basic price of 14.92 cents per pound;

(d) For “First” grade, 91 points or over but under 92
points, the price of 14.72 cents per pound;

(e) For “Graded”, 88 points or over but under 91 points,
the price of 13.87 cents per pound;

(f) For “Seconds”, 80 points or over but under 88 points,
the price of 11.82 cents per pound.

2. In the appropriate cases the following amounts shall be
   added to or deducted from the prices fixed in paragraph 1
   hereof where cheese has been classified by the Department of
   Agriculture in respect of cheese sediment test:

Classification A—an addition of 0.10 cents per pound;
Classification B—no alteration;
Classification C—a deduction of 0.05 cents per pound;
Classification D—a deduction of 0.10 cents per pound.

3. Cheese shall be packed in fibreboard cartons each con-
   taining a net weight of 60 lb 3 oz of actual cheese, excluding
   wrapping.

4. In computing the weight of rindless cheese for which
   payment is to be made by the Board, the weight of all cheese
   comprised in any consignment submitted for grading under the
   said regulations shall be ascertained as follows:

(a) Each carton of cheese containing a net weight of 60 lb
3 oz of actual cheese, excluding wrapping, shall, sub-
ject as hereinafter provided, be computed at 60 lb;

(b) The weight of all cheese in any such consignment shall
be determined on the basis of the weight as ascer-
tained by the grader of the several cartons selected by
him for weighing and set out in the Grader's Certifi-
cate issued in respect of that consignment, and the
cartons of cheese so weighed shall be taken as fixing
the average weight for the whole quantity of cheese
comprised in such certificate, overweights being
averaged with underweights in each such certificate
in relation to the prescribed weight of 60 lb 3 oz
per carton;

(c) If the average weight ascertained as aforesaid of the
cheese comprised in any Grader's Certificate be less
than 60 lb 3 oz per carton, such deficiency shall be
deducted from a weight of 60 lb per carton for the
purpose of computing payment therefor;

(d) If the average weight ascertained as aforesaid of the
cheese comprised in any Grader's Certificate exceeds
the prescribed weight of 60 lb 3 oz per carton, then
the amount of such excess shall not be taken into
account for the purpose of computing payment there-
for.

5. The prices fixed by the Board shall not be paid for
   any cheese manufactured otherwise than in compliance with
   the said regulations.

6. The price to be paid by the Board for any cheese which,
   with the approval or at the request of the Board, is manu-
   factured, prepared, or packed in special containers, or in
   special quantities, or otherwise in any special manner, shall
   be the appropriate price payable for that cheese as herein-
   before provided, adjusted by such appropriate addition or
   reduction as corresponds with the additional costs or the
   reduced costs incurred in such special manufacture, prepara-
   tion, or packing. Any such approval or request of the Board
   may include a stipulation limiting the additional cost to be
   incurred and may dispense with the requirements of para-
   graphs 3 and 4 hereof, and, in that event, payment shall be
   made for the actual net weight of the cheese exported. The
   adjustment to prices referred to in this paragraph shall be
   computed by the Board and the computation of the Board
   shall be final.

Dated at Wellington this 28th day of June 1968.

A. LINTON, K.B.E.,
Chairman, New Zealand Dairy Board.

Reserve Bank of New Zealand

PURSUANT to section 33 of the Reserve Bank of New Zealand
Act 1964, the Reserve Bank, acting with the approval of the
Minister of Finance, hereby gives notice that as at the close
of business on 28 June 1968, and until further notice, balances
to be maintained in the Reserve Bank by each trading bank
shall be equal to an amount which, when added to that bank's
holdings of Reserve Bank notes as disclosed in that bank's
latest available weekly return of banking statistics under the
Statistics Act 1955, will be not less than the aggregate of:

5 percent of that bank's demand deposits in New Zealand
plus 3 percent of that bank's time deposits in New Zealand
as shown in the last preceding monthly return furnished by
that bank in accordance with section 31 of the Reserve Bank
of New Zealand Act 1964.

A. R. LOW, Governor.
Wellington, 26 June 1968.

RESERVE BANK OF NEW ZEALAND

STATEMENT OF ASSETS AND LIABILITIES OF THE RESERVE BANK OF NEW ZEALAND AS AT THE CLOSE OF BUSINESS ON
WEDNESDAY, 5 JUNE 1968

Liabilities
$ Notes in Circulation
Demand deposits—
(a) State
(b) Banks
(c) Marketing accounts
(d) Other
Time deposits
Liabilities in currencies other than New Zealand
currency—
(a) Demand
(b) Time
Other liabilities
Capital accounts—
(a) General Reserve Fund
(b) Other reserves

159,206,003
83,926,801
11,961,615
4,628,149
82,582,646

152,911
29,883,096
30,036,007
2,837,669
3,000,000
14,061,427
17,061,427

$392,240,317

Assets
Gold
Overseas assets—
(a) Current accounts and short-term
bills
(b) Investments
New Zealand coin
Discounts
Advances—
(a) To the State (including Treasury
bills)
(b) To marketing accounts
(c) Other advances
Investments in New Zealand—
(a) N.Z. Government Securities
(b) Other
Other assets

$ 1,202,076
129,535,846
27,970,469
157,506,315
7,575,898

31,861
156,609,151
3,823,670
160,464,682
56,975,708
147,000
57,122,708
8,368,638

$392,240,317

M. R. HUTTON, Chief Accountant.