22 FEBRUARY
THE NEW ZEALAND GAZETTE
399

D.P. 50; thence north-easterly along the north-western side
of Ketemarae Road to its intersection with Hunter Street;
thence north-westerly along the south-western side of Hunter
Street to the north-western side of Gore Street; thence north-
easterly along that road side and its production across
Mawhitiwhiti Road to a point on the south-western boundary
of Lot 13, D.P. 2200; thence generally south-easterly and
north-easterly along the south-western and south-eastern
boundaries of that lot to the northernmost corner of Part
Lot 3, D.P. 1013, being the point of commencement.

OKAIWA WARD

ALL that area in the Taranaki Land District, Hawera District,
containing 112 square kilometres, more or less, bounded by a
line commencing in the middle of Boylan Road (State High-
way Number 3) at its intersection with Onewhaia Road, being
a point on the boundary of the Hawera District as herein-
before described; thence southerly along the middle of
Boylan Road (State Highway Number 3) to its junction with
Upper Austin Road (State Highway Number 3); thence
south-easterly along the middle of that road to its junction
with Ketemarae Road (State Highway Number 3); thence
south-westerly along the middle of that road and Wallscourt
Place to its intersection with a right line between the north-
eastern corner of Part Lot 3, D.P. 1013, and the south-western
corner of Hutinga 562 A2, situated in Block 1, Hawera Survey
District, being a point on the boundary of Normanby Ward
as hereinbefore described; thence generally north-westerly,
south-westerly and south-easterly along the north-eastern,
north-western and south-western boundaries of the Normanby
Ward to the middle of the New Plymouth-Wellington Rail-
way; thence south-easterly along the middle of that railway
to the northern boundary of the Hawera Ward, as herein-
before described; thence generally westerly, southerly and
easterly along the northern, western and southern boundaries
of the Hawera Ward to the middle of Fairfield Road; thence
south-westerly along the middle of that road to its junction
with Beach Road; thence generally south-easterly along the
middle of Beach Road to its termination, thence westerly to
the eastern boundary of Lot 2, D.P. 5221; thence generally
southerly along the eastern boundary of that lot to the mean
high water mark of the sea; thence generally north-westerly
along the mean high water mark of the sea to a point in line
with the middle of Inaha Road, being a point on the
boundary of the Hawera District, as hereinbefore described;
thence generally northerly and easterly along the western and
northern boundaries of the Hawera District to the point of
commencement.

OHANGAI WARD

ALL that area in the Taranaki Land District, Hawera District,
containing 382 square kilometres, more or less, bounded by
a line commencing on the mean high water mark of the sea
in the middle of the mouth of the Manawapou River; thence
generally north-westerly along the sea coast to the eastern
boundary of Lot 2, D.P. 5221, being a point on the boundary
of Okaiwa Ward as hereinbefore described; thence generally
northerly along the southern boundary of that ward to the
southern boundary of the Hawera Ward as hereinbefore
described; thence generally easterly, northerly and westerly
along the southern, eastern and northern boundaries of that
ward to the middle of the New Plymouth-Wellington Rail-
way, being a point on the eastern boundary of the Okaiwa
Ward as hereinbefore described; thence generally northerly
along that boundary to the south-eastern boundary of the
Normanby Ward as hereinbefore described; thence generally
north-easterly and north-westerly along the south-eastern and
north-eastern boundaries of that ward to the middle of
Wallscourt Place being a point on the eastern boundary of
Okaiwa Ward as hereinbefore described; thence generally
northerly along the eastern boundary of Okaiwa Ward to the
northern boundary of the Hawera District as hereinbefore
described; thence generally easterly along that boundary and
south-westerly along the south-eastern boundary of the Hawera
District to the mouth of the Manawapou River, being the
point of commencement.

Signed at Wellington this 16th day of February 1979.
J. N. L. SEARLE, Secretary for Local Government.
(I.A. 104/90)

D

Exchange Rates

IN terms of section 25 (2) of the Reserve Bank of New
Zealand Act 1964, the Reserve Bank today released outer
limits for rates of exchange to be used in transactions involving
the conversion of New Zealand currency into foreign currencies
and foreign currencies into New Zealand currency when
delivery of the foreign currency dealt in will be effected by
telegraphic transfer. The following range of rates, for the main
currencies used by New Zealand traders in settling foreign
exchange transactions, will remain in force until replaced by
a new schedule issued by the Reserve Bank. These rates do
not apply to transactions for settlement after the expiration
of two business days (forward transactions) or to transactions
in which instruments are purchased which do not entitle the
buyer to foreign currency balances in the foreign centre until
the latter case interest at foreign centre rates may be deducted
from the telegraphic transfer rate to compensate the purchaser
for his loss during the transit period.

Date: 19 February 1979.
Time: 9 a.m.

A. TULLOCH,
Assistant Chief Cashier,
Reserve Bank of New Zealand, Wellington.

Insurance Companies’ Deposits Act 1953—Proposed Release
of Deposit

NATIONAL Mutual Casualty Insurances Ltd. has given notice
to the Public Trustee that it has ceased to carry on in New
Zealand the class of insurance business designated as Class
4 in the First Schedule to the above-mentioned Act, and
that it proposes to withdraw, pursuant to section 19 of such
Act, the deposit which has been made by it with the Public
Trustee.

The Public Trustee therefore gives notice, pursuant to
section 19(3) of the above-mentioned Act, that being satisfied
that all liabilities of the said company in New Zealand in
respect of such insurance business have been fully provided
for he proposes to release to the company, on or after 28
March 1979, the amount deposited with him by the said
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 1, on or before 21 March
1979.

Dated at Wellington this 20th day of February 1979.
F. A. GOODLAND, Deputy Public Trustee.