28 AUGUST
THE NEW ZEALAND GAZETTE
1639
SCHEDULE
Tariff Item Goods Rates of Duty
BP MFN GEN
38.07.09 Pine oil (excluding “pine oils” not rich in terpineol) Free Free Free
Ex 29.05.09 Terpineol Free 20% 25%
Temporary measures taken:
(i) Pine oils—Temporary duty of 40 percent imposed on all imports of pine oils classified in Tariff item 38.07.09, with the exception of pine oils of Australian origin, which remain free of duty.
(ii) Terpineol—Further subdivision of Tariff heading 29.05 to make separate provision for terpineol under Tariff item 29.05.03, with a temporary duty, additional to those already in force, equal to two-thirds of the amount by which the f.o.b. value of the goods is less than 30c per lb. Terpineol of Australian origin remains free of duty.
Terms of reference to the Board:
To inquire into and report upon whether any new or increased duties are necessary in respect of these goods, and to consider the question of exempting pine oils from import licensing.
Tariff and Development Board Notice No. 130—Public Inquiry into Import Duties and Import Licensing Affecting Moulding Boxes and Moulds
(Tariff Items 84.60.01 and 84.60.09)

1. Following receipt by the Minister of Customs of a report from the Emergency Protection Authority, the Government has accepted the recommendation of the Authority that urgent action is necessary in relation to the importation of moulding boxes and moulds classified in Tariff item 84.60.09. In accordance with the provisions of the Tariff and Development Board Act, the Minister of Customs has referred to the Board, for inquiry and report, the question of what form of permanent protection, if any, is necessary in respect of moulding boxes and moulds, which are provided for in the Tariff as under:
   No. Description Rates of Duty
   BP MFN GEN
   84.60 Moulding boxes for metal foundry; moulds of a type used for metal (other than ingot moulds), for metallic carbides, for glass, for mineral materials (for example, ceramic pastes, concrete or cement) or for rubber or artificial plastic materials:
   84.60.01 As may be determined by the Minister 25% Aul Free 60%
   Can 35%
   84.60.09 Other Free 20% 25%
   Or such lower rate of duty as the Minister may in any case direct
2. Pending such inquiry and report, the proposed exemption from import licensing has been deferred until the Board has examined this matter. In the meantime the goods continue in the present “C” category for import licensing purposes.
3. The Board will, in accordance with its normal procedures, conduct a public inquiry in the Boardroom, First Floor, Law Society Building, 26 Waring Taylor Street, Wellington, on Wednesday, 3 December 1969, commencing at 10.30 a.m.
4. Any person who intends to tender evidence should lodge 12 copies of a typewritten statement of the evidence, to be presented under oath at the public inquiry, with the under-named no later than Wednesday, 12 November 1969. In preparing this evidence, the “Notes for Guidance of Witnesses”, prepared by the Board, may be of assistance. Copies of these notes may be obtained from the under-named.
   Dated at Wellington this 26th day of August 1969.
   O. A. BLACK,
   Acting Secretary, Tariff and Development Board.
   P.O. Box 5070, Wellington.
   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, 13 AUGUST 1969
   Liabilities $ Assets $
   Notes in Circulation 171,672,806 Gold 1,003,700
   Demand Deposits- Overseas assets-
   (a) State 75,790,460 (a) Current accounts and short-term
   (b) Banks 20,500,528 bills 103,386,009
   (c) Marketing Accounts 4,169,085 (b) Investments 42,877,704
   (d) Other 63,326,488 New Zealand Coin 5,888,432
   163,786,561 Discounts
   Time deposits Advances-
   Liabilities in currencies other than New Zealand currency-
   (a) Demand 175,216 (a) To the State (including Treasury
   (b) Time 15,569,003 bills) 23,964
   15,744,219 (b) To Marketing Accounts 151,981,328
   (c) Other Advances 2,075,000
   Other liabilities 2,950,824 (c) Other Advances
   Capital accounts- 154,080,292
   (a) General Reserve Fund 3,000,000 Investments in New Zealand-
   (b) Other Reserves 14,997,251 (a) N.Z. Government Securities 56,329,233
   17,997,251 (b) Other 147,000
   56,476,233
   8,439,291
   $372,151,661 $372,151,661
   22 August 1969.
   M. R. HUTTON, Chief Accountant.