2296
THE NEW ZEALAND GAZETTE
No. 70

Consenting to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the undersigned 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 $
Auckland Harbour Board:
Redemption Loan No. 5, 1979 163,000
Redemption Loan No. 6, 1979 694,000
Bay of Plenty Harbour Board:
Workshop Extensions Loan 1979 233,000
Blenheim Borough Council:
Civic Administration Building Additional Loan 17,700
Renewal Loan 1979
Central Canterbury Electric Power Board:
Home Insulation and Solar Water Heating Loan 50,000
1979
Christchurch Drainage Board:
Renewal Loan No. 8, 1979 83,300
Renewal Loan No. 9, 1979 38,400
Dannevirke Borough Council:
Abattoir Redemption Loan 1979 15,750
Egmont Electric Power Board:
Home Insulation and Solar Water Heating Loan 44,500
1979
Eltham Borough Council:
Additional Pensioner Unit Loan 1979 3,000
Hamilton City Council:
Tutakuri-Waimate Flood Control and Drainage 147,400
Improvement Scheme Loan No. 2, 1979
Hawke's Bay Catchment Board:
Home Insulation and Solar Water Heating Loan 12,500
1979
Kaikoura County Council:
Kaikoura-South Bay Sewerage Loan 1978 200,000
Levin Borough Council:
Gas Appliance Loan No. 2, 1979 50,000
Napier City Council:
Home Insulation and Solar Water Heating Loan 16,000
1979
Raglan County Council:
Rural Housing Loan No. 23 1979 100,000
Raglan Harbour Board:
Raglan Wharf Extension Loan 1979 98,000
Rangitikei-Wanganui Catchment Board:
Property Purchase Loan 1979 270,000
Forestry Encouragement Loan 1979 247,140
South Canterbury Electric Power Board:
Home Insulation and Solar Water Heating Loan 87,000
1979
Waikato County Council:
Hukunui Golf Course Loan 1979 100,000
Waipa County Council:
Rural Housing Loan No. 22, 1979 200,000
Waimo Electric Power Board:
Home Insulation and Solar Water Heating Loan 17,000
No. 1, 1979
Wellington Harbour Board:
Harbour Works Loan No. 31, 1979 166,000
Whangarei County Council:
Sewerage Redemption Loan 1979 8,950
Taumarunui Borough Council:
Home Insulation and Solar Water Heating Loan 10,000
1979

Dated at Wellington this 19th day of July 1979.

J. R. PATTERSBY,
Assistant Secretary to the Treasury.

Consenting to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the undersigned 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 $
Ashburton Borough Council:
Elderly Persons Housing Loan (Friendship Lane) 31,860
Block No. 2, 1979
Ashburton County Council:
Methven Township Sewerage Improvement Loan 1979 83,000
Hamilton City Council:
Stormwater Loan 1979 5,000,000
Hamilton City Council:
Pensioner Housing (Gibson Road) Loan No. 2, 1979 12,350
Hutt County Council:
Heretaunga Sewerage Redemption Loan 1979 4,000
Hutt County Council:
Wainuiomata Sewage Treatment Works Extension 30,000
Redemption Loan 1979
Hutt County Council:
Wainuiomata Sewage Reticulation Redemption 5,000
Loan 1979
Hutt County Council:
Wainuiomata Sewage Treatment Works Redemp- 4,800
tion Loan 1979
Lyttelton Harbour Board:
Redemption Loan No. 16, 1979 250,000
Mangonui County Council:
Staff Housing Loan 1979 50,000
Otago Central Electric Power Board:
Extensions Renewal Loan 1979 10,000
Otago Harbour Board:
Harbour Tugs Redemption Loan 1979 66,100
Pahiatua Borough Council:
Indoor Recreation Complex Loan 1979 150,000
Papakura City Council:
Redemption Loan 1979 19,000
South Canterbury Hospital Board:
Redemption Loan 1979 150,000
Vincent County Council:
Staff Housing Loan 1979 100,000
Wellington City Council:
Pensioner Housing (Daniell Street) Loan 1979 224,250

Dated at Wellington this 23rd day of July 1979.

J. R. BATTERSBY,
Assistant Secretary to the Treasury.

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 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:

32 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