10 JANUARY THE NEW ZEALAND GAZETTE 29

balanced training comprising 6 months medicine and 6 months
surgery over the year. In assessing the educational value of
particular posts within an approved hospital, the following
classification has been used by the Council.

CATEGORY 1: More general posts suitable for an intern.
CATEGORY 1 (a): A post in an affiliated non-base hospital
suitable for one quarterly post only.
CATEGORY 2: More specialised posts suitable for interns
only if balanced by good Category 1 posts and for not
more than 6 months of the intern year. The combined
posts should make an acceptable total experience.
CATEGORY 3: Posts unsuitable for an intern.

7. As a guide to the persons responsible for the rotation of
   posts for the intern, the Superintendent of an approved hos-
   pital may be advised by the Council regarding the acceptability
   of particular posts or combinations thereof within that hospital.
   There may be some posts which, held by an intern within the
   first 6 months from graduation, place undue responsibility
   upon him and should thus be avoided if possible.

8. Only certain posts in smaller hospitals may be appropriate
   for the intern year. These hospitals will be recommended for
   approval only when such intern posts are incorporated in a
   rotational plan with another hospital.

9. In each approved hospital other than those approved
   under paragraph 8 above, an intern supervisor of tutor specia-
   list status or above shall be designated to act with the Medical
   Superintendent in the allocation of posts, the planning and
   supervision of the training programme, and assessing the
   performance of the intern. The person so designated is to
   sign, with the Medical Superintendent, the certificate of satis-
   factory performance on the intern's application for registration
   as a medical practitioner. This supervisor is to be nominated
   by the medical staff of the hospital and approved by the
   Medical Education Committee of the Council, and his authority
   is to extend to smaller hospitals without such a supervisor,
   where interns from his hospital work on rotation.

10. The list of approved hospitals and the recommendations
    regarding posts within the hospitals will be reviewed as
    necessary by the Medical Education Committee of the Council
    after consultation with the Hospital Boards, their Medical
    Superintendents and intern supervisors referred to in para-
    graph 9.

11. These rules replace those formerly gazetted on 27 August

K. A. G. HINDES, Secretary to the Council.

Wellington, 12 December 1979.

Bona Vacantia Disclaimed

In the matter of section 338 of the Companies Act 1955, and
in the matter of THE WAIUKU CO-OPERATIVE
SUPPLY COMPANY LIMITED (a dissolved company):
Notice is hereby given as follows:

1. That on the 13th day of September 1979 it came to the
   notice of the Secretary to the Treasury that the estate in fee
   simple of the above-named The Waiuku Co-operative Supply
   Company Limited in that piece of land comprising 3740
   square metres, more or less, being Lot 2, Land Transfer Plan
   81258, situated in Block XIII, Awhitu Survey District, and
   being the balance of the land in deeds index 4A/211, had
   vested in the Crown, pursuant to section 337 of the above-
   mentioned Act;

2. That on the date aforesaid, application was received by
   the Secretary to the Treasury for the Crown's title to be
   disclaimed;

3. That no such application as aforesaid was received by
   the Secretary to the Treasury before the date aforesaid;

4. That the Crown's title to the said estate in fee simple is
   hereby disclaimed.

Dated at Wellington this 12th day of December 1979.

P. S. BRIDSON,

Treasury Solicitor, pursuant to an instrument of delegation
given under section 9 of the Public Revenues Act 1953
and continued in effect by section 20A of the Acts Inter-
pretation Act 1924 and sections 163 and 11 of the Public
Finance Act 1977.

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 curren-
cies 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 2 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 instruments have been delivered at the foreign centre. In
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.

Country and Currency Range of Rates
Australia (Dollar) ..... ..... ..... 0.8675- 0.9119
Austria (Schilling) ..... ..... ..... 11.9800- 12.5943
Belgium (Franc) ..... ..... ..... 27.0321- 29.2848
Canada (Dollar) ..... ..... ..... 1.1101- 1.1671
China (Renminbi) ..... ..... ..... 1.4482- 1.5225
Denmark (Kroner) ..... ..... ..... 5.1732- 5.4385
Fiji (Dollar) ..... ..... ..... 0.8085- 0.8499
France (Franc) ..... ..... ..... 3.9099- 4.1105
Hong Kong (Dollar) ..... ..... ..... 4.7637- 5.0080
India (Rupee) ..... ..... ..... 7.7550- 8.1527
Italy (Lira) ..... ..... ..... 781.5063-821.5828
Japan (Yen) ..... ..... ..... 226.0843-237.6781
Malaysia (Ringgit) ..... ..... ..... 2.0866- 2.1936
Netherlands (Guilder) ..... ..... ..... 1.8416- 1.9360
New Caledonia and Tahiti (Franc) ..... 71.1847- 74.8351
Norway (Kroner) ..... ..... ..... 4.7926- 5.0383
Pakistan (Rupee) ..... ..... ..... 9.3639- 9.8441
Portugal (Escudo) ..... ..... ..... 47.9391- 50.3975
Singapore (Dollar) ..... ..... ..... 2.0856- 2.1926
South Africa (Rand) ..... ..... ..... 0.7940- 0.8347
Spain (Peseta) ..... ..... ..... 64.0315- 67.3151
Sri Lanka (Rupee) ..... ..... ..... 14.5671- 15.3141
Sweden (Krona) ..... ..... ..... 4.0180- 4.2240
Switzerland (Franc) ..... ..... ..... 1.5357- 1.6144
United Kingdom (Pound) ..... ..... ..... 0.4351- 0.4574
United States of America (Dollar) ..... ..... 0.9560- 1.0050
West Germany (Deutschemark) ..... ..... 1.6644- 1.7497

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

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

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
and including 1 January 1980, 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:

38 per cent of that trading bank's average demand deposit
liabilities in New Zealand in the immediately preced-
ing calendar month (determined in accordance with
the provisions of clause 5 of this notice); plus
22½ per cent of that trading bank's average time deposit
liabilities in New Zealand in the immediately preced-
ing 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 follow-
ing calendar month and on terms and conditions to be deter-
mined 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.