of any agent or administrator of the said Joseph Sutherland
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 four thousand dollars ($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 in the
in the interests of the occupier of the said property or to
secure the development or better utilisation of the land that
he should become manager thereof:

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 parcel of land containing 589.3 square metres
situated in the Tuapeka East District, being Section seventy-
four (74) Block eighteen (XVIII) on the Public Map of the
said district deposited in the office of the Chief Surveyor,
Dunedin, and being the whole of the land comprised and
described in certificate of title Volume 87, folio 118, Otago
Registry.

Dated at Wellington this 24th day of June 1975.
J. M. FIELDER, Public Trustee.

Life Insurance Act 1908—Proposed Release of Deposit
EXCESS INSURANCE COMPANY LIMITED has given notice to
the Public Trustee that it has not carried on the business
of Life Insurance in New Zealand and that it proposes to
withdraw the deposit which has been made by it with the
Public Trustee, pursuant to section 12 of the Life Insurance
Act 1908.

The Public Trustee therefore gives notice, pursuant to
section 12 (2) of the abovementioned Act, that he proposes
to release to the company on or after the 31st day of July
1975 the amount deposited with him by the company.

Any objections to the release of the amount deposited
should be lodged with the Public Trustee at the Public
Trust Office, Lambton Quay, Wellington on or before the
15th day of July 1975.

Dated at Wellington this 25th day of June 1975.
J. M. FIELDER, Public Trustee.

Electrical Wiring Regulations 1961
PURSUANT to the provisions of regulation 18 (3) of the
Electrical Wiring Regulations 1961, the following specification is declared suitable for the purpose of the regulation:
German Standard Specification
VDE 0171/2.61 Specifications for construction and testing of
electrical apparatus for use in explosive
gas atmospheres for industries other than
mining.

P. W. BLAKELEY,
General Manager, New Zealand Electricity Department.
(8/0/2/18)

Honours and Awards

HIS Excellency the Governor-General has announced that
The Queen has been graciously pleased to approve the award
of the George Medal to the undermentioned:

Robert Donald SPARY, of Cromwell, Pilot and Managing
Director of Alpine Helicopters Ltd. Queenstown.

On 2 January 1975 Robert Donald Spary was asked by
the Police to give assistance to a party of climbers in the
Olivine Mountain Range to the northwest of Queenstown.
The party had radioed that one of their members had fallen
some 40 feet down the Olivine Falls into the Olivine River
and was lying badly injured on a rock ledge. Because of the
rugged terrain, assistance was required to move him from
the area for hospital treatment. There was no suitable area
for winged aircraft or a helicopter to land and to have
moved the injured climber to a landing site would have
taken two days on foot.

Mr Spary, with a doctor, flew into the area to ascertain
the nature of the injuries and how best to move the injured
man. On arrival it was found difficult to get to him and it
was decided to lift two climbers from Pyke Hut and place
them on a large flat rock at the base of the Falls near where
the injured man lay, with a view to moving him to the rock
for a pick up. However, the two climbers were unable to
get to the injured man and were returned to Pyke Hut.

With the weather closing in and little prospect of completing the rescue by other means, Mr Spary then decided he
would attempt to land on the rock ledge where the injured
man lay. He did this by placing one skid of the helicopter
on the ledge, balancing the machine under a wall of water
from the Falls, and with the rotor blades almost touching
a sheer rock face. While in this precarious and extremely
dangerous position, the injured man managed to crawl into
the helicopter and was taken to hospital. Another member
of the party with a badly sprained ankle was also lifted
out of the area at the same time.

The whole rescue operation took two and a half hours
and was carried out in extremely hazardous and demanding
conditions. It owed its success almost entirely to the great
courage, dedication, and outstanding flying skill of Mr Spary.

His Excellency the Governor-General has announced the
following awards:

The Queen's Commendation for Brave Conduct
Selwyn James BARRON, of Waipukurau
for rescuing two injured youths from a motor vehicle which
had run off the road and burst into flames. Had it not been
for his quick action, there is every likelihood that both
occupants would have died. In the course of the rescue he
received superficial burns to his hands and face.

The Queen's Commendation for Valuable Service in the Air
Samuel Duncan Bunting ANDERSON,
pilot, James Aviation Ltd., Helicopter Division, Auckland
for services rendered in the fighting of a large bush fire at
Piha on 6 and 7 February 1975. It was largely due to his
outstanding skill as a helicopter pilot and unremitting efforts
with a monsoon bucket that the fire was contained and many
houses and baches in the area saved from destruction.

Dated at Wellington this 27th day of June 1975.
D. C. WILLIAMS, Official Secretary, Government House.

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 July 1975, 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:

27 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
11 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.

Dated at Wellington this 25th day of June 1975.
A. R. LOW, Governor.