Loan Consents and Exchange Rates




1152 THE NEW ZEALAND GAZETTE No. 39

Consent 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 $
Christchurch City Council:
Elderly Persons Housing (Brougham Street) No. 2, Loan 1979 12,000
Office Building Loan No. 2, 1980 1,500,000
Cromwell Borough Council:
Elderly Persons Flats Additional Loan 1979 4,601
Dannevirke Hospital Board:
Boilerhouse and Reticulation Loan 1980 1,000,000
Hawke's Bay Electric Power Board:
Reticulation Loan 1980 1,000,000
Otamatea County Council:
Rural Housing Loan No. 17, 1979 100,000
Tauranga City Council:
Ruahihi Generation Loan 1979 4,500,000
Sewage Treatment Plant Extension Loan, 1979 2,000,000
Waipukurau District Council:
Porangahau Water Supply Improvement Loan 1980 40,000
Wangamui Hospital Board:
Hospital Works Loan 1980 400,000

Dated at Wellington this 2nd day of April 1980.

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

Consent 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 Regional Authority:
Property Redemption Loan No. 14, 1980 20,300
Rapid Transit Redemption Loan No. 2, 1980 16,900
Bulk Water Supply Redemption Loan No. 73, 1980 73,090
Christchurch Drainage Board:
Renewal Loan No. 3, 1980 36,800
Renewal Loan No. 2, 1980 192,000
Papakura City Council:
Redemption Loan 1980 32,000
Papatoetoe City Council:
Property Development Redemption Loan No. 26, 1980 20,000
Stormwater Drainage Redemption Loan No. 27, 1980 100,000
Streets Reconstruction Redemption Loan No. 28, 1980 169,000
Thames Valley Electric Power Board:
Reticulation Loan 1979 3,652,000
Waihemo County Council:
Elderly Persons Housing Completion Loan 1979 8,560

Dated at Wellington this 20th day of March 1980.

J. R. BATTERSBY,
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 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 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) 0.8480-0.8914
Austria (Schilling) 12.6557-13.3047
Belgium (Franc) 27.9351-30.2630
Canada (Dollar) 1.0778-1.1331
China (Renminbi) 1.4400-1.5139
Denmark (Kroner) 5.5306-5.8142
Fiji (Dollar) 0.7887-0.8291
France (Franc) 4.1028-4.3132
Hong Kong (Dollar) 4.6129-4.8495
India (Rupee) 7.3907-7.7697
Italy (Lira) 821.7420-863.8818
Japan (Yen) 233.5271-245.5026
Malaysia (Ringgit) 2.0995-2.2072
Netherlands (Guilder) 1.9378-2.0372
New Caledonia and Tahiti (Franc) 73.8201-77.6057
Norway (Kroner) 4.7160-4.9579
Pakistan (Rupee) 8.8908-9.3468
Portugal (Escudo) 46.6938-49.0883
Singapore (Dollar) 2.0873-2.1943
South Africa (Rand) 0.7322-0.7698
Spain (Peseta) 66.4159-69.8217
Sri Lanka (Rupee) 14.5092-15.2532
Sweden (Krona) 4.0801-4.2894
Switzerland (Franc) 1.6880-1.7746
United Kingdom (Pound) 0.4198-0.4414
United States of America (Dollar) 0.9043-0.9507
West Germany (Deutschemark) 1.7770-1.8681

Date: 3 April 1980.
Time: 9 a.m.

G. A. DRY,
Acting Assistant Chief Cashier,
Reserve Bank of New Zealand, Wellington.

The Standards Act 1965—Draft New Zealand Standard Specification 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 standard specification is being circulated.

Number and Title of Specification

DZ 5902/Part 5 Building drawing practice—

Part 5: Drawings associated with engineering services. Operating manuals and maintenance manuals.

This draft part 5 of NZS 5902 establishes general guidelines for the production of maintenance drawings for the range of engineering services installations in buildings covered by parts 1 to 4 of NZS 5902.

Maintenance drawings are specifically intended to provide information on the location, function, and operational aspects of items of services installations subject to maintenance. Such drawings may also be used to record information on the settings of components, etc., and adjustments made during the operating life of the installation.

Note—As a result of the work of the committee responsible for the preparation of this document, consideration is being given by S.A.N.Z. to the development of a standard or code of practice to cover the preparation of the operating and maintenance manuals referred to in part 5: clause 501.4.

DZ 5902/Part 3/A2 Draft Amendment No. 2 to NZS 5902: Building drawing practice—

Part 3: Services—Mechanical and sanitary.
Clause 309: Recommendations on identifying plant and components.

Draft standard and amendment combined: Price $3.

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.



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✨ LLM interpretation of page content

💰 Consent to Raising of Loans by Certain Local Authorities

💰 Finance & Revenue
2 April 1980
Local Authorities Loans Act 1956, Loan Consents, Local Authorities
  • J. R. Battersby, Assistant Secretary to the Treasury

💰 Consent to Raising of Loans by Certain Local Authorities

💰 Finance & Revenue
20 March 1980
Local Authorities Loans Act 1956, Loan Consents, Local Authorities
  • J. R. Battersby, Assistant Secretary to the Treasury

💰 Exchange Rates

💰 Finance & Revenue
3 April 1980
Reserve Bank of New Zealand Act 1964, Exchange Rates, Foreign Currency
  • G. A. Dry, Acting Assistant Chief Cashier, Reserve Bank of New Zealand

🏭 Draft New Zealand Standard Specification Available for Comment

🏭 Trade, Customs & Industry
Standards Act 1965, Building Drawing Practice, Draft Standard