All being situated in Block XV, Cambridge Survey District,
and the said lines being more particularly shown as a
broken red line and a broken green line on the plan marked
N.Z.E.D. 893 deposited in the office of the New Zealand
Electricity Department at Wellington.
Dated at Wellington this 26th day of March 1974.
T. M. McGUIGAN, Minister of Electricity.
*Gazette, 20 December 1967, Vol. III, p. 2279
(N.Z.E.D. 10/26/1)

Royal Visit Honours List

HER MAJESTY the Queen has been graciously pleased to make
the following appointment in the Royal Victorian Order
on the occasion of Her Majesty's visit to New Zealand:
To be a Member of the Fourth Class:
Chief Traffic Superintendent Donald Francis Ross, of Upper
Hutt.
The notice, Royal Visit Honours List, appearing in Gazette,
21 February 1974, No. 15, page 332, insofar as it applies
to the abovenamed is hereby revoked.
Dated at Auckland this 27th day of March 1974.
D. C. WILLIAMS, Official Secretary, Government House.

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 Amount
Consented to $
Auckland Harbour Board: Loan No. 1, 1974 ... 115,000
Auckland Regional Authority: Parks and ... 3,000,000
Reserves Loan No. 12, 1974
Awatere County Council: Rural Housing Loan ... 60,000
No. 7, 1973
Christchurch City Council:
Elderly Persons' Housing (Arran Crescent) ... 5,850
Loan No. 3, 1974
Elderly Persons' Housing (Jura Place) Loan ... 105,000
1974
Elderly Persons' Housing (Waltham Road) ... 91,000
Loan 1974
Elderly Persons' Housing (Wildwood Avenue) ... 38,500
Loan No. 2, 1973
Feilding Borough Council:
Pensioner Flats Loan 1974 ... 17,500
Stormwater Drainage Loan 1974 ... 100,000
Horowhenua Electric Power Board: Electric ... 1,000,000
Reticulation Loan No. 22, 1973
Kaiapoi Borough Council: Electricity Develop- ... 20,000
ment Loan 1973
Levin Borough Council: Pensioners Flats Loan ... 16,000
1973
Lyttelton Harbour Board: Port Development ... 600,000
Loan (No. 15) 1974
Manukau City Council:
Manurewa Swimming Pool Supplementary ... 20,000
Loan 1974
Otara Swimming Pool Supplementary Loan ... 29,000
1974
Mosgiel Borough Council: Drainage Loan 1973 ... 273,000
Otago Hospital Board: Works Loan 1974 ... 3,000,000
Paeroa Borough Council: Sewer Supplementary ... 12,000
Loan 1974
Palmerston North City Council: Electricity ... 205,000
Undergrounding Loan 1973
Picton Borough Council: Sewage Pumping ... 20,000
Station Loan 1973
Takapuna City Council: Wairau Stream Drainage ... 150,000
Works Loan 1974
Tauranga City Council: Sewerage Loan No. 4, ... 500,000
1973

Local Authority and Name of Loan Amount
Consented to $
Tauranga Electric Power Board: Electricity ... 750,000
Extension Loan 1974
Thames Hospital Board: Hospital Works Loan ... 495,000
1974
Waimea County Council: Brightwater-Hope ... 231,000
Water Supply Loan 1974
Waipa County Council: Rural Housing Loan ... 250,000
No. 16, 1973
Wellington City Council: General Property ... 350,000
Purchase and Site Improvement Loan 1974
Dated at Wellington this 29th day of March 1974.
A. C. SHAILES, Assistant Secretary to the Treasury.
(T. 40/416/6)

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 amounts specified in that Schedule.

SCHEDULE

Local Authority and Name of Loan Amount
Consented to $
Porirua City Council: Staff Housing Loan No. 2, ... 20,000
1973
Dated at Wellington this 2nd day of April 1974.
B. V. GALVIN, Assistant Secretary to the Treasury.
(T. 40/416/6)

Reserve Bank of New Zealand, Wellington

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 April 1974, 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 Govern-
ment securities together equal to an amount which shall
not be less than the aggregate of—
Twenty-six 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
Ten 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 Govern-
ment securities shall be the average of all daily figures
for that bank in the calendar month to which the require-
ment 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.
26 March 1974.
A. R. LOW, Governor.