214
THE NEW ZEALAND GAZETTE
No. 7

Zealand Fire Service Commission, P.O. Box 2133, Wellington,
from whom copies of the appropriate return form may be
obtained.

Dated at Wellington this 18th day of January 1979.

E. C. THORNE, Chairman.
W. J. HENDERSON, Fire Commissioner.
P. A. HARDY, Fire Commissioner.

(Adm. 18/3/4)

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 February 1979, 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:

39 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

15 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.

(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.

(6) The proceeds of any borrowings made by a trading
bank pursuant to the proviso to this notice shall:

(a) in the case of a borrowing made during a
calendar month to make up balances and holdings
for that calendar month, be included in the balances
held by that trading bank at the Reserve Bank
during the calendar month for which that borrowing
is made;

and

(b) that in the case of a borrowing made during
the first 10 business days of a calendar month to
make up balances and holdings for the preceding
calendar month, be deemed to be a part of and be
included in the balance held by that trading bank
at the Reserve Bank on the last day of the preceding
calendar month;

and the proceeds of any such borrowing shall not be
included in the balances held by that trading bank at
the Reserve Bank during any other calendar month.

R. W. R. WHITE, Governor.

29 January 1979.

The Standards Act 1965—Endorsement of Specification Cancelled

PURSUANT to section 17 of the Standards Act 1965, the
Standards Council, on 15 December 1978, cancelled the
endorsement of the under-mentioned specification.

Number and Title of Specification

BS 1376:1953 Colours of light signals.
(Superseded by BS 1376:1974)

Dated at Wellington this 30th day of January 1979.

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

(S.A. 114/2/12: 96)

The Standards Act 1965—Draft New Zealand Amendment Available for Comment

PURSUANT to subsection (3) of section 23 of the Standards
Act 1965, notice is hereby given that the following draft New
Zealand amendment is being circulated.

Number and Title of Specification

DZ 5810/AA Safety requirements for children’s cots. (gratis)

This draft amendment will place on record the declaration
of BS 1753:1977 together with a local amendment aligning
the limits set out on the toxic metal content in the paint with
the requirements agreed between the Department of Health
and the New Zealand Paint Manufacturers Association.

Please note this is the amended portion only of the pro-
posed NZS 5810. If you require BS 1753:1977, copies are
available from the Standards Association of New Zealand at
$4.45.

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

NOTE—Payment must accompany all requests for drafts.
The closing date for the receipt of comment is 2 March
1979.

Dated at Wellington this 30th day of January 1979.

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

(S.A. 114/2/8)

Notice by Examiner of Commercial Practices of Consent to Merger and Takeover Proposal

PURSUANT to section 70 of the Commerce Act 1975, the Examiner of Commercial Practices hereby gives notice that he has, subject to sub-
section (9) of that section, consented to the following merger and takeover proposal, being a merger and takeover proposal which also requires
consent under the Overseas Investment Act 1973 and the Overseas Investment Regulations 1974*.

Person by or on behalf of whom notice was given

CRN BOR of Prilep, Yugoslavia. The Institute
of Economic Expertise, Yugoslavia.

Proposal

To acquire 50 percent of the shareholding in Nova Holdings Ltd.

Date of Consent

23/1/79

Dated at Wellington this 24th day of January 1979.

A. E. MONAGHAN, Examiner of Commercial Practices.

*S.R. 1974/117