22 APRIL

substantial degree in any other business shall be decided by
the committee.
(7) No person who was a member or an approved partner
of a member prior to 1 January 1979 shall be required to
comply with clauses 4 (b) and 5 of this Rule or any amendment thereto.
6. Country Members
Rules 47 and 48—It was resolved that Rules 47 and 48 be
deleted and the following substituted:
47. Country Members—Part-time—(1) An exchange may
prescribe areas within its territory (in these Rules referred
to as “prescribed areas”) within which it considers a part-
time sharebroking service is or may be desirable.
(2) An exchange may permit a member or an approved
partner practising or proposing to practise in a prescribed
area to provide a part-time sharebroking service.
(3) Every member to whom permission is granted under
Clause (2) of this Rule shall be a country member and
shall use that designation.
(4) An exchange may authorise a member or approved
partner to whom permission is granted as aforesaid to use
a designation other than sharebroker.
48. Country Members—Full-time—Any member practising
as a full-time sharebroker in a prescribed area may be re-
quired by his exchange to use the designation country member.
Rule 50—It was resolved that Rule 50 be deleted and
the following substituted:
50. Annual Re-election of Part-time Country Members—A
country member who is permitted to practise as a part-time
sharebroker shall apply annually for re-election to his ex-
change.
7. Brokerage Fees
Rule 85—Brokerage—Fixed Interest Securities—It was
unanimously resolved that Rule 85 (1) be amended by adding at the end of the clause “save only that where the
final maturity date of a parcel of $100,000 or more is within
5 years brokerage may be charged at a rate of 5 cents per
$100 for the whole parcel”.
8. Reporting Sales
Rules 112 and 1'13—Reporting of Sales—It was unanimously
resolved that Rules 112 and 113 be deleted and the following substituted:
112. (1) Sellers shall report promptly all sales of marketable
parcels of shares:
(a) Made on behalf of clients or country brokers,
(b) Resold by a broker at a different price on the same
day as they are purchased,
(c) Which have been held overnight by the broker.
(2) Sales made other than at a trading session, including
special sales which shall be identified as such, shall be reported before the next trading session. Such sales reported
on the business day following the making of the sale shall
be classified “Late sale (yesterday) (Friday)” as the case
may be.
(3) Sales made for New Zealand, Sterling, or Australian
currencies shall be reported in terms of this rule except where
an overseas broker is a party to the transaction.
(4) The securities and types of transaction to be reported
may be extended or further defined by the executive.
(5) Reported sales shall be made available for publication
only by the Association or an exchange.
Approved in Council:
P. G. MILLEN, Clerk of the Executive Council.
(Leg. 26/2/16 (6))

Appointments, Promotions, Extensions, Transfers, Resignations,
and Retirements of Officers of the Royal New Zealand Air
Force
PURSUANT to section 35 of the Defence Act 1971, His
Excellency the Governor-General has approved the following
appointments, promotions, extensions, transfers, resignations,
and retirements of officers of the Royal New Zealand Air
Force:
REGULAR AIR FORCE
GENERAL DUTIES BRANCH
Appointments
Flight Lieutenant N. J. McNeill is appointed to a permanent commission with effect from 12 January 1976.
Flight Lieutenant B. P. Keane is appointed to a career
commission for a period to expire on 23 June 1986, with
effect from 12 January 1976.
Flying Officer B. A. Compton to be Acting Flight Lieutenant
with effect from 26 January 1976.
Promotions
Group Captain (temp, Air Commodore) D. E. Jamieson,
O.B.E., to be Air Commodore with seniority from 30 June
1975, and effect from 11 February 1976.
Wing Commander (temp. Group Captain) B. J. O'Connor,
A.F.C., to be Group Captain with seniority from 1 July 1975
and effect from 23 February 1976.
Wing Commander (temp. Group Captain) P. Neville, A.F.C.,
to be Group Captain with seniority from 31 January 1975
and effect from 23 February 1976.
Wing Commander (temp. Group Captain) I. V. Mackay,
A.F.C., to be Group Captain with seniority from 1 January
1976 and effect from 23 February 1976.
Flying Officer (temp. Flight Lieutenant) A. G. White to
be Flight Lieutenant with seniority and effect from 24 December 1975.
Flying Officer D. J. Forrest to be Flight Lieutenant with
seniority and effect from 24 March 1976.
Adjustment of Seniority
The seniority of Pilot Officer G. B. Lintott is antedated
to 20 September 1974.
Resignation of Commission
Flying Officer William John Wells, B.A., resigns his commission with effect from 27 February 1976.
Transfers to Reserve
Flight Lieutenant George David Jensen is transferred to
the Reserve of Air Force Officers until 15 January 1980,
with effect from 16 January 1976.
Flight Lieutenant Graham Steven Gray is transferred to
the Reserve of Air Force Officers until 1 February 1980,
with effect from 2 February 1976.
ENGINEER BRANCH
Appointment
Flying Officer P. E. Williams to be temp. Flight Lieutenant
with effect from 8 December 1975.
Promotion
Flight Lieutenant C. K. Smith, M.N.Z.E.I., to be Squadron
Leader with seniority and effect from 7 January 1976.
Extensions of Commission
The short-service commission of Flight Lieutenant (temp.
Squadron Leader) B. G. M. Palmer is extended to 11 January
1981, to be followed by 4 years on the Reserve of Air Force
Officers.
The short-service commission of Flight Lieutenant G. J.
Sibbald, N.Z.C.E., is extended to 13 April 1985, to be followed
by 4 years on the Reserve of Air Force Officers.
Transfer to Reserve
Flight Lieutenant (temp. Squadron Leader) Brian Frederick
Huggard, M.N.Z.E.I., is transferred to the Reserve of Air
Force Officers until 23 January 1980, with effect from 24January 1976.
Transfer to Retired List
Group Captain Keith Rex Orsborn, O.B.E., C.ENG., A.F.R.Ae.S.,
is transferred to the Retired List “A” with effect from 29
January 1976.
ADMINISTRATIVE AND SUPPLY BRANCH
Appointment
Supply Division
Flight Lieutenant Nicholas Peter Bond, from the Royal
Air Force, is appointed to a short-service commission for a
period of 5 years in the rank of Flight Lieutenant, with
seniority and effect from 13 January 1976.
Promotions
Supply Division
Pilot Officer A. L. Davidson to be Flying Officer with seniority and effect from 10 February 1976.
Special Duties Division
Flying Officer (temp. Flight Lieutenant) B. J. Gold to be
Flight Lieutenant with seniority and effect from 4 February
1976.
Extension of Age for Retirement
Secretarial Division
The age for retirement of Squadron Leader J. D. Harris
is extended to 14 February 1977.
Transfer
Special Duties Division
Squadron Leader B. G. Anderson, A.F.C., is transferred to
the General Duties Branch in his present rank and seniority,
for a period to terminate on 13 August 1981, to be followed
by 4 years on the Reserve of Air Force Officers.