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:
50 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
20 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.
20 December 1973.
Unclaimed Property-Notice of Election by the Public Trustee
to Become Manager Under Part V of the Public Trust
Office Act 1957
WHEREAS William James Mudie Larnach, late of Dunedin
in New Zealand, formerly banker, but lately member of
Parliament, the owner of the property mentioned in the
Schedule hereto, is dead and the Public Trustee, having made
due inquiry, does not know of any agent or administrator
of the said William James Mudie Larnach in New Zealand
with authority to take possession of and administer the said
property; and whereas the gross value of the said property
(as estimated by the Public Trustee) does not exceed $4,000
and for the purposes of subsection (2) of section 80 of
the Public Trust Office Act 1957 the Public Trustee is satisfied
that it is advisable that he should become the manager of
the said property; now therefore the Public Trustee, in
exercise of the authority conferred upon him by the said
subsection (2) of section 80 of the said Act hereby elects
to be manager of the said property under Part V of the
said Act.
SCHEDULE
ALL that piece of land running from Renfrew Street to
Lancefield Street in the City of Dunedin containing
approximately 4 perches be the same, a little more or less,
being part of Section 59 of the town district of the Province
of Otago, the said land being more particularly known as
Seafield Street, and being the balance of the land comprised
and described in certificate of title, Volume 8, folio 165,
Otago Registry.
Dated at Wellington this 18th day of December 1973.
J. M. FIELDER, Public Trustee.
National Roads Board-Revocation of Traffic Bylaw-
Rangitikei River Bridge at Bulls on No. 1 State Highway
It is notified that the National Roads Board has revoked
National Roads Board Bylaw 1973 No. 1 made on 24 July
1973 and published in the Gazette of 26 July 1973, No. 71,
p. 1429.
The bylaw was revoked by resolution duly passed at a
meeting of the National Roads Board held in Wellington on
the 12th day of December 1973.
D. J. CHAPMAN, Secretary.
(N.R. 62/33/8)
Assignment of Foreshore Licence for Mooring Piles at
Henderson Creek
Pursuant to the Harbours Act 1950, I, Peter Edward Muers,
of the Ministry of Transport, in exercise of powers delegated
by the Minister of Transport, hereby give notice that the
licence granted to Desmond Clive Reid and Ruth Edith
Reid on 14 October 1970 to use and occupy a part of the
bed of Henderson Creek, Te Atatu is hereby assigned to
Roy Powell Mann.
Dated at Wellington this 17th day of December 1973.
P. E. MUERS.
New Zealand Gazette, 22 October 1970, p. 1924
(M.O.T. 54/6/13)
Assignment of Foreshore Licence for a Slipway at Mullet
Bay, Orepuki
Pursuant to the Harbours Act 1950, I, Peter Edward Muers,
of the Ministry of Transport, in exercise of powers delegated
by the Minister of Transport, hereby give notice that the
licence granted to Garnet Wilfred Dimond on 16 October
1962, assigned to George Mathew Baker on 19 May 1964
and subsequently assigned to Reginald Andrew Railton on
10 December 1970† to use and occupy a part of the foreshore
and bed of the sea at Mullet Bay, Orepuki, is hereby assigned
to Arthur David Johnstone.
Dated at Wellington this 17th day of December 1973.
P. E. MUERS.
New Zealand Gazette, 25 October 1962, p. 1860
†New Zealand Gazette, 17 December 1970, p. 2495
(M.O.T. 54/10/112)
Revoking the Foreshore Licence Authorising Grant Alexander
Magorian to Occupy a Site for a Jetty at the Taieri River
Pursuant to the Harbours Act 1950, I, Peter Edward Muers,
of the Ministry of Transport, acting under a delegation
authorised by the Minister of Transport, hereby give notice
that the licence of 9 May 1973 authorising Grant Alexander
Magorian to use and occupy part of the foreshore and bed
of the Taieri River as a site for a jetty is hereby revoked.
Dated at Wellington this 17th day of December 1973.
P. E. MUERS.
New Zealand Gazette, 24 May 1973, p. 991.
(M.O.T. 54/3/1003)
Approval of Bylaws
Pursuant to sections 165 and 8A of the Harbours Act 1950,
I, Peter Edward Muers, of the Ministry of Transport, in
exercise of powers delegated by the Minister of Transport,
hereby approve the Lake Waters Control Bylaw No. 16,
1971, Amendment No. 2, 1973 as adopted at a special
meeting of the Rotorua County Council held on 24 October
1973 and confirmed by the Council on 27 November 1973.
Dated at Wellington this 17th day of December 1973.
P. E. MUERS.
(M.O.T. 54/14/51)
Licensing the Auckland Provincial Power Boat Club (Inc.)
to Occupy a Site for a Boat Ramp at Flat Rock, Tamaki
Estuary
Pursuant to section 162 of the Harbours Act 1950, I,
Peter Edward Muers, of the Ministry of Transport, in
exercise of powers delegated by the Minister of Transport,
hereby license and permit the Auckland Provincial Power
Boat Club (Inc.) (hereinafter called the licensee, which term
shall include its successors or assigns unless the context
requires a different construction) to use and occupy a part
of the foreshore and bed of the Tamaki Estuary as shown
on plan marked M.D. 10707 and deposited in the office
of the Ministry of Transport at Wellington, for the purpose