Consenting to Raising of Loans by Certain Local Authorities
Pursuant to the Local Authorities Loans Act 1956, 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 $ Alexandra Borough Council: Sewerage Treatment Works Extension Loan 1975 . 149,000 Eltham County Council: Rural Housing Loan (No. 3) 1976 50,000 Hamilton City Council: Seddon Park Pavilion Loan 1976 40,000 Hilldale Game Farm Loan 1976 150,000 Waterworks Loan 1976 1,831,000 Hastings City Council: Civic Centre Development Loan No. 2, 1976 600,000 Hawke's Bay County Council: Rural Housing Loan 1976 70,000 Lower Hutt City Council: Alice Street Flats Loan 1976 47,850 Elderly Persons' Accommodation (Mudie Street) Loan 1976 21,000 New Plymouth City Council: Staff Housing Loan 1976 100,000 Oxford County Council: Oxford Rural Water Supply Completion Loan 1976 40,000 Piako County Council: Housing for the Elderly (Owner Occupier Flats) Loan 1976 50,000 Te Aroha Borough Council: Housing for the Elderly (Owner Occupier Flats) Loan 1976 50,000 Upper Hutt City Council: Park Development River Berm Loan 1975 50,000 Town Planning Development Loan No. 6, 1976 84,200 Waipara County Council: Rural Water Supply Improvements Completion Loan 1976 25,000 Waitara Borough Council: Sewerage Loan No. 2, 1976 1,100,000 Dated at Wellington this 1st day of November 1976. S. A. McLEOD, Assistant Secretary to the Treasury. (T. 40/416/6)
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 November 1976 and until further notice each trading bank shall maintain on average during each calendar month balances of 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:
(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.
28 October 1976.
A. R. LOW, Governor.
The Standards Act 1965—Standard Specifications Revoked
Pursuant to section 23 of the Standards Act 1965, the Standards Council, on 22 October 1976, revoked the undermentioned standard specifications.
Number and Title of Specifications
NZS 759:1968 Garden rakes (straight-tooth type). NZS 760:1968 Garden hoes. NZS 761:1968 Shovels and spades of the hollow-back-socket pattern.
Dated at Wellington this 27th day of October 1976.
DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.
(S.A. 2-114/2/7: 989-91)
The Standards Act 1965—Endorsement of Amendment to Overseas Specification
Pursuant to section 17 of the Standards Act 1965, the Standards Council, on 22 October 1976, endorsed as suitable for use in New Zealand, the undermentioned amendment to the relevant endorsed specification.
Number, Title, and Price of Specification (Post free) Amendment No./AMD (Price)
BS 2690:- Methods of testing water used in industry Part 9: 1970 Appearance (colour and turbidity), odour, suspended and dissolved solids, and electrical conductivity. $4.90 2/1862 (75c)
Copies of the specification so amended may be ordered from the Standards Association of New Zealand, World Trade Center (or Private Bag), Wellington.
Copies of the amendment are obtainable separately.
Dated at Wellington this 27th day of October 1976.
DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.
(S.A. 3-14/2/10:554)
The Standards Act 1965—Amendment of Standard Specification
Pursuant to section 23 of the Standards Act 1965, the Standards Council, on 22 October 1976, amended the undermentioned standard specifications by the incorporation of the amendments shown hereunder.
Number, Title, and Price of Standard Specification (Post free) Amendment Number
NZS 1188:1954 Fire-doors and fire-windows. $1.95 4 NZS 3615:1974 Strength properties and design methods for construction plywood. $5.65 2 NZS 4602:1976 Low pressure thermal storage electric water heaters with copper cylinders. $2.80 1 NZS GP 50:1967 Automatic fire alarm systems. $2.50 4 Copies of the standard specifications so amended may be ordered from the Standards Association of New Zealand, World Trade Center, 15-23 Sturdee Street (or Private Bag), Wellington.
Copies of the amendments will be supplied free of charge upon request.
Dated at Wellington this 27th day of October 1976.
DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.
(S.A. 1-14/2/3:887-90)