3 AUGUST
THE NEW ZEALAND GAZETTE
2187

Plants Declared Noxious Weeds in the County of Rotorua
(No. 1987, Ag. 12/10/4/1)

PURSUANT to a delegation from the Minister of Agriculture under the Ministry of Agriculture and Fisheries Act 1953, for the purposes of the Noxious Weeds Act 1950, the following special order, made by the Rotorua County Council on 27 June 1978, is hereby published.

SPECIAL ORDER

THAT pursuant to section 3 of the Noxious Weeds Act 1950, and amendments thereto, and the First Schedule of that Act, the Rotorua County Council hereby resolves by way of special order to declare Stinking Mayweed (Anthemis cotula), and Pennisetum (Pennisetum macrourum) to be noxious weeds within the meaning of the Noxious Weeds Act 1950, and amendments thereto, over the whole of the County of Rotorua.

Dated at Wellington this 19th day of July 1978.

C. B. ANDERSON,
Director-General of Agriculture and Fisheries.

Plants Declared Noxious Weeds in the County of Waitotara
(No. 1985, Ag. 12/10/3)

PURSUANT to a delegation from the Minister of Agriculture and Fisheries under the Ministry of Agriculture and Fisheries Act 1953, for the purposes of the Noxious Weeds Act 1950, the following special order made by the Waitotara County Council, on 22 June 1978, is hereby published.

SPECIAL ORDER

PURSUANT to section 3 (1) of the Noxious Weeds Act 1950, the Waitotara County Council hereby resolves by way of special order that the under-mentioned plants be declared noxious weeds within the County of Waitotara, and that such special order shall take effect, on and from 1 August 1978.

Thorn Apple or Jimson weed (Datura stramonium),
Welted Thistle (Carduus crispus).

Dated at Wellington this 19th day of July 1978.

C. B. ANDERSON,
Director-General of Agriculture and Fisheries.

Trading Bank Reserve Asset Ratios

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 August 1978, and until further notice, each trading bank shall maintain, during each calendar month, balances at the Reserve Bank plus holdings of Reserve Bank notes, and of New Zealand Government securities, such that the aggregate of the averages of those balances and holdings during that calendar month (determined in accordance with clauses 1, 2, 3, and 4 of this notice) equals or exceeds the aggregate of:

47 percent of that trading bank’s average demand deposit liabilities in New Zealand in the immediately preceding calendar month (determined in accordance with the provisions of clause 5 of this notice); plus

12½ percent of that trading bank’s average time deposit liabilities in New Zealand in the immediately preceding calendar month (determined in accordance with the provisions of clause 5 of this notice);

Provided that a trading bank may make up its balances and holdings as aforesaid for a calendar month to the amount hereinbefore required for that calendar month by way of borrowings from the Reserve Bank made during that calendar month or during the first 10 business days of the next following calendar month, and on terms and conditions to be determined by the Reserve Bank, and the proceeds of all such borrowings shall be credited to the account of that trading bank with the Reserve Bank.

For the purposes of this notice:

(1) Balances held by a trading bank at the Reserve Bank shall (subject to clause 6 of this notice) include both demand deposit balances and time deposit balances of that trading bank.

(2) The average of a trading bank’s holdings of Reserve Bank notes for a calendar month shall be the average of the figures shown in all weekly returns of Banking Statistics by that trading bank under the Statistics Act 1975 received during that calendar month.

(3) The average of a trading bank’s balances at the Reserve Bank and holdings of New Zealand Government securities for a calendar month shall in each case be the average of the figures for balances and such securities held by that trading bank on each day during that calendar month.

(4) Government securities held by a trading bank shall consist of Government stock and Treasury bills (all at nominal value) held by that trading bank, and shall include advance subscriptions for stock lodged by that trading bank with the Reserve Bank.

(5) The average demand deposit liabilities and the average time deposit liabilities of a trading bank in a calendar month shall, in each case, be the average of the figures for days within that calendar month, as shown in that trading bank’s weekly returns of Banking Statistics under the Statistics Act 1975.