2654
THE NEW ZEALAND GAZETTE
No. 104

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:

14 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 1975, plus

12 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 1975.

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 1975 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 September 1977.

R. W. R. WHITE, Governor.

The Standards Act 1965—Overseas Specifications Available
for Comment

PURSUANT to subsection (3) of section 23 of the Standards
Act 1965, notice is hereby given that the under-mentioned
overseas specifications are being considered for declaration
as New Zealand standard specifications or for endorsement
as suitable for use in New Zealand.

Number and Title of Specification

BS 684:— Methods of analysis of fats and fatty oils—
Part 2: Other methods—
Section 2.5:1977 Determination of dissolved soap
(alkalinity) $1.85.
Section 2.6:1977 Determination of saponification value.
$1.85.

Section 2.8:1977 Determination of total neutral oil.
$2.80.
BS 903:— Methods of testing vulcanized rubber—
Part A32: 1977 General directions for achieving elevated
or sub-normal temperatures. $3.70.
BS 3903:1977 Methods of test for sulphuric acid, oleum and
liquid sulphur trioxide. $0.85.

All persons who may be affected by these specifications and
who desire to comment thereon, may obtain copies from the
Standards Association of New Zealand, World Trade Centre,
15-23 Sturdee Street (or Private Bag), Wellington, at the
prices shown.

The closing date for the receipt of comment is 27 October
1977.

Dated at Wellington this 27th day of September 1977.

DENYS R. M. PINFOLD, Director,
Standards Association of New Zealand.

(S.A.—114/2/1)

The Standards Act 1965—Standard Specifications Proposed for
Revocation

NOTICE is hereby given that the under-mentioned New Zealand
standard specifications have been recommended for revocation
pursuant to the provisions of the Standards Act 1965.

Any person who may be affected by the proposal to revoke
these standard specifications, and who wishes to object to
their revocation, is invited to submit comments to the Stan-
dards Association of New Zealand, Private Bag, Wellington,
not later than 27 October 1977.

Number and Title of Specification

NZS 851:— (BS 1306:—) Non-ferrous pipes and tubes
for steam services—
Part 2:1950 (BS 1306:Pt.2:1948) Seamless copper
tubes for steam services.

NZS 1513:1959 (BS 113:1958) Water-tube boilers.

NZS 1708:1962 (BS 3323:1960) Glossary of coal terms.

NZS 2113:1966 (BS 3903:1965) Methods of test for
sulphuric acid.

NZS 2261P:1969 Methods for the chemical analysis of
spray-dried milks and whey.

Dated at Wellington this 27th day of September 1977.

DENYS R. M. PINFOLD, Director,
Standards Association of New Zealand.

(S.A.—114/2/6)

RESERVE BANK OF NEW ZEALAND

STATEMENT OF ASSETS AND LIABILITIES OF THE RESERVE BANK OF NEW ZEALAND AS AT THE CLOSE OF BUSINESS ON
WEDNESDAY, 7 SEPTEMBER 1977

Liabilities
Notes in circulation .. .. .. .. .. .. .. .. .. .. $ 406,597,089
Demand deposits
(a) State .. .. .. .. .. .. .. .. .. .. .. $ 185,111,501
(b) Banks .. .. .. .. .. .. .. .. .. .. .. 21,590,221
(c) Marketing accounts .. .. .. .. .. .. .. .. 37,189,410
(d) Other .. .. .. .. .. .. .. .. .. .. .. 540,349,204

Time deposits .. .. .. .. .. .. .. .. .. .. .. 784,240,336
Liabilities in currencies other than New
Zealand currency—
(a) Demand .. .. .. .. .. .. .. .. .. .. 610,185
(b) Time .. .. .. .. .. .. .. .. .. .. .. 340,773,018

Allocation of special drawing rights by
I.M.F. .. .. .. .. .. .. .. .. .. .. .. 83,305,726
Other liabilities (including accumulated
profits) .. .. .. .. .. .. .. .. .. .. .. 24,663,554
Capital accounts—
(a) General Reserve Fund .. .. .. .. .. .. 3,000,000
(b) Other reserves .. .. .. .. .. .. .. .. 32,711,751

.. .. .. .. .. .. .. .. .. .. .. .. .. $1,675,901,659

Assets
Gold .. .. .. .. .. .. .. .. .. .. .. .. $ 704,991
Overseas assets—
(a) Current accounts and short-term
bills .. .. .. .. .. .. .. .. .. .. .. 87,789,186
(b) Investments .. .. .. .. .. .. .. .. .. 57,793,593
(c) Holdings of special drawing rights .. .. 32,721,730

New Zealand coin.. .. .. .. .. .. .. .. .. .. 178,304,509
Discounts .. .. .. .. .. .. .. .. .. .. .. 10,908,503
Advances—
(a) To the State .. .. .. .. .. .. .. .. 269,040,838
(b) To marketing accounts .. .. .. .. .. 315,969,644
(c) Export credits .. .. .. .. .. .. .. .. 28,401,587
(d) Other advances .. .. .. .. .. .. .. .. —

Investments in New Zealand—
(a) New Zealand Government
securities.. .. .. .. .. .. .. .. .. .. 842,145,867
(b) Other .. .. .. .. .. .. .. .. .. .. 3,251,301

Other assets .. .. .. .. .. .. .. .. .. .. 26,550,104

.. .. .. .. .. .. .. .. .. .. .. .. .. $1,675,901,659

27 September 1977.

E. D. VALLANCE, Chief Accountant.