5 MARCH
THE NEW ZEALAND GAZETTE
577

Consent to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the
designated 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
$

Wairaraki Plains County Council:
West Water Afforestation Loan No. 2, 1978 18,000

Wairarapa County Council:
Greta Valley Township Sewerage Loan 1978 35,000
Donald Road Sewerage Reticulation Loan 1978 20,000
Donald Road Sewerage Reticulation Loan 1979 10,000

Wairarawa Borough Council:
Market Square Subdivision Loan 1978 100,000

Wairarapa County Council:
Tiwai Peninsula (Smelter Site) Access Renewal
Loan 1979 239,000

Wairarapa City Council:
Sewerage Loan No. 7, 1978 1,000,000

Wairarapa Borough Council:
Staff Housing Loan 1978 60,000

Wairarapa County Council:
Rural Housing Loan No. 5, 1978 100,000
Rural Housing Loan No. 6, 1978 60,000

Wairarapa City Council:
Renewal Loan (Reclamation) No. 1, 1979 131,000

Wairarapa County Council:
Rural Housing Loan 1978 200,000

Wairarapa County Council:
Staff Housing Loan 1978 50,000

Dated at Wellington this 28th day of February 1979.

W. A. E. GREEN, Assistant Secretary to the Treasury.

Exchange Rates

In terms of section 25 (2) of the Reserve Bank of New
Zealand Act 1964, the Reserve Bank today released outer
rates of exchange to be used in transactions involving
conversion of New Zealand currency into foreign currenc-
ies and foreign currencies into New Zealand currency when
the 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
two business days (forward transactions) or to transactions
which instruments are purchased which do not entitle the
holder to foreign currency balances in the foreign centre until
instruments have been delivered at the foreign centre. In
the latter case interest at foreign centre rates may be deducted
in the telegraphic transfer rate to compensate the purchaser
for his loss during the transit period.

Country and Currency Range of Rates

Australia (Dollar) 0.9160– 0.9630
Austria (Schilling) 13.9967– 14.7144
Belgium (Franc) 29.7766– 32.2579
Canada (Dollar) 1.2160– 1.2784
China (Renminbi) 1.5972– 1.6791
Denmark (Kroner) 5.3649– 5.6400
France (Franc) 0.8567– 0.9007
Germany (Mark) 4.4016– 4.6273
India (Rupee) 8.2699– 8.6940
Israel (Lira) 865.8213–910.2215
Japan (Yen) 211.0041–221.8246
Malaysia (Ringgit) 2.2612– 2.3772
Netherlands (Guilder) 2.0631– 2.1689
New Caledonia and Tahiti (Franc) 80.1120– 84.2203
Norway (Kroner) 5.2424– 5.5112
Portugal (Escudo) 10.1766– 10.6985
South Africa (Rand) 2.2367– 2.3514
Spain (Peseta) 71.1833– 74.8337
Sri Lanka (Rupee) 15.4115– 16.2018

Country and Currency Range of Rates

Sweden (Krona) 4.4971– 4.7277
Switzerland (Franc) 1.7217– 1.8100
United Kingdom (Pound) 0.5053– 0.5312
United States of America (Dollar) 1.0300– 1.0828
West Germany (Deutschemark) 1.9092– 2.0071

Date: 12 March 1979.
Time: 9 a.m.

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

The Standards Act 1965—Endorsements Cancelled

PURSUANT to section 17 of the Standards Act 1965, the
Standards Council, on 23 February 1979, cancelled the endorse-
ment of the under-mentioned specifications.

Number and Title of Specification

BS 91:1954 Electric cable soldering sockets.
BS 708:1957 Trailing cables for mining purposes.
BS 775:— Contactors—
Part 1:1969 Contactors for voltages up to and including
1000 volts a.c. and 1200 volts d.c.
Part 2:1956 A.c. contactors for voltages above 1000 volts
and up to and including 11,000 volts.
BS 1432:1970 Copper for electrical purposes. Strip with
drawn or rolled edges.
BS 1844:— Enamelled copper conductors. (Superseded by BS
4516:Pt. 2: 1971 already endorsed.)
BS 4070:1966 Performance of a.c. controlgear equipment
rated up to 660 volts for use on high prospective fault
current systems.
BS 4099:1977 Circuit breakers of rated voltages up to and
including 1000 volts a.c. and 2000 volts d.c.
BS 6746:1969 PVC insulation and sheath of electric cables.
BS 6899:1969 Elastomeric insulation and sheath of electric
cables.

*Endorsement cancelled without replacement.
†A British standard of similar title has been endorsed as
suitable for use in New Zealand.
‡A later edition of this standard has been endorsed as suitable
for use in New Zealand.

Dated at Wellington this 1st day of March 1979.

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

(S.A. 114/2/12: 98-109)

The Standards Act 1965—Specifications Declared to be
Standard Specifications

PURSUANT to section 23 of the Standards Act 1965, the
Standards Council, on 23 February 1979, declared the under-
mentioned specifications to be standard specifications.

Number, Title, and Price of Specification (Post free)

NZS 5405:— (ISO 1496:—) Series 1 freight containers,
Part 1:1979 (ISO 1496:Pt. 1: 1978) General cargo
containers. $15

Including Amendment A:1979

NZS 9203:1979 Model bylaw for catchment authorities and
regional water boards. $4.20

Copies of the standard specifications may be ordered from
the Standards Association of New Zealand, World Trade
Center, 15-23 Sturdee Street (or Private Bag), Wellington.

Dated at Wellington this 1st day of March 1979.

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

(S.A. 114/2/2: 664–5)