1466

of the Board, Wellington, and at the offices of the Hawke's
Bay, Rangitikei, Manawatu, and the Wairarapa Potato
Growers' Associations.

Nomination forms may be had on application to any
of the above offices or from the Returning Officer, P.O.
Box 11-125, Wellington.

Nominations must be in the hands of the Returning Officer
by not later than noon on the 5th day of September 1973.

N. J. McHUGH, Returning Officer,
Potato Board Election.
Wellington.

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 from
the close of business on 1 August 1973, and until further
notice, each trading bank shall maintain on average during
each calendar month balances at the Reserve Bank plus
holdings of Reserve Bank notes and of New Zealand
Government securities together equal to an amount which
shall not be less than the aggregate of:

Forty-three percent of that bank's average demand deposit
liabilities in New Zealand in the immediately preceding
calendar month as shown by an average of the weekly
returns of Banking Statistics under the Statistics Act 1955;
plus

Seventeen percent of that bank's average time deposit
liabilities in New Zealand in the immediately preceding
calendar month as shown by an average of the weekly
returns of Banking Statistics under the Statistics Act 1955.
For the purposes of this notice:

(1) The monthly average of a trading bank's holdings of
Reserve Bank notes shall be the average of the figures as
shown by the weekly returns of Banking Statistics under
the Statistics Act 1955 for that bank received in the calendar
month to which the requirement applies.

(2) The monthly average of a trading bank's balances at
the Reserve Bank and holdings of New Zealand Government
securities shall be the average of all daily figures for that
bank in the calendar month to which the requirement applies.

(3) Government securities shall consist of Government
stock and Treasury bills (all at nominal value) including
advance subscriptions for stock lodged by a trading bank
with the Reserve Bank.

(4) Balances at the Reserve Bank shall include both
demand deposit balances and time deposit balances.

A. R. LOW, Governor.
Wellington, 27 July 1973.

Consenting to Raising of Loans by Certain Local Authorities

PURSUANT to section 3 of the Local Authorities Loans Act
1956 (as amended by section 3 (1) of the Local Authorities
Loans Amendment Act 1967), the undersigned Assistant
Secretary to the Treasury, acting under powers delegated
to the Secretary to the Treasury by the Minister of
Finance, hereby consents to the borrowing by the local
authorities mentioned in the Schedule hereto of the whole or
any part of the respective amounts specified in that Schedule.

SCHEDULE

Local Authority and Name of Loan
Gore Borough Council: West Gore Drainage Loan
No. 2, 1973
Greytown Borough Council: Town Hall Improvement Loan 1973
Hamilton City Council: Renewal Loan No. 2, 1973
Opotiki County Council: Rural Housing Loan 1973
Otago Catchment Board: Lower Clutha Flood Protection Redemption Loan 1973
Porirua City Council: Refuse Tip (Land Purchase) Loan 1973
South Canterbury Electric Power Board: Housing Loan 1973

Amount
Consented to
$
70,000
14,500
158,500
30,000
6,600
41,000
135,000

Local Authority and Name of Loan
Stratford County Council: Rural Housing Loan
No. 15, 1973
Taieri County Council: Middlemarch County
Town Drainage Renewal Loan No. 2, 1973
Tauranga Electric Power Board: Electrical Extension Loan 1973
Waimairi County Council: Harewood Riding Works Loan 1973
Wanganui-Rangitikei Electric Power Board: Reticulation Loan 1973

Amount
Consented to
$
100,000
18,000
500,000
67,000
500,000

Dated at Wellington this 27th day of July 1973.

J. D. LANG, Assistant Secretary to the Treasury.

Consenting to Raising of Loans by Certain Local Authorities

PURSUANT to section 3 of the Local Authorities Loans Act
1956 (as amended by section 3 (1) of the Local Authorities
Loans Amendment Act 1967), the undersigned Assistant
Secretary to the Treasury, acting under powers delegated
to the Secretary to the Treasury by the Minister of Finance,
hereby consents to the borrowing by the local authority
mentioned in the Schedule hereto of the whole or any
part of the respective amount specified in that Schedule.

SCHEDULE

Local Authority and Name of Loan
Bay of Islands County Council: Paihia Foreshore Protection Loan 1973

Amount
Consented to
$
7,000

Dated at Wellington this 25th day of July 1973.

S. C. PARKER, Assistant Secretary to the Treasury.

Indecent Publications Tribunal

I, Jack Alexander McLeod Kean, Comptroller of Customs,
give notice that I have applied to the Indecent Publications
Tribunal for decisions as to whether the books described
below are indecent or not, or for decisions as to their
classification.

1. Title: One for the Gods.
   Author: Gordon Merrick.
   Publisher: Avon Books, New York.

2. Title: The Lord Won't Mind.
   Author: Gordon Merrick.
   Publisher: Avon Books, New York.

No. 698

Decision of the Indecent Publications Tribunal

IN the matter of the Indecent Publications Act 1963, and
in the matter of an application by the Comptroller of Customs
for a decision in respect of the book Emmanuelle by
Emmanuelle Arsan, published by Grove Press Inc., New
York.

Mr Fligg appeared on behalf of the applicant and made
submissions. Mr Campbell appeared on behalf of the
publisher's representative in New Zealand and made submissions.

DECISION OF THE TRIBUNAL

THIS is a translation of a modern French erotic novel.
In spite of the claims of the publishers, it has little literary
merit and is a tedious account of the sexual obsessions of
a young French wife who flies to Bangkok to join her
husband in the diplomatic community there. Her life is
given up to an unending search for sexual gratification in
every way except within the bonds of matrimony. It is
unsavoury and obscene, and the explicit descriptions of sexual
encounters which comprise the major part of the book offend
against the Act.

The Tribunal classifies this book as indecent.

R. S. V. SIMPSON, Chairman.
17 July 1973.