3662
THE NEW ZEALAND GAZETTE
No. 145

Trading Bank Reserve Asset Ratio

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 December 1981 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:

19.0 percent of that trading bank's average demand and 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 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 termed "Contra Deposit Account"
and on terms and conditions to be determined by 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 con-
sist of Government stock and Treasury bills (all at
nominal value) held by that trading bank.

(5) The average demand and time deposit liabilities of a
trading bank in a calendar month shall 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 borrowing made by a trading bank
pursuant to the proviso to this notice shall be deemed
to be a part of and be included in the balances 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.

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 5826 Code of practice for the operation of swimming
pools. $6.

This draft code of practice covers essential aspects of the
operation and maintenance primarily of chlorinated swimming
pools in regard to pool water quality criteria and also includes
brief reference to methods of water treatment using chemicals
other than chlorine. It does not cover the maintenance of
heating equipment or of mechanical and electric equipment.
NZS 4441 contains information on such equipment.

The code will apply to public, institutional, and private
fresh water and sea water swimming pools. Geothermal and
spa pools are also discussed.

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,
Wellington Trade Centre, 15-23 Sturdee Street (or Private
Bag), Wellington.

NOTE—Payment must accompany all requests for drafts.

The closing date for receipt of comment is 19 March 1982.

Dated at Wellington this 25th day of November 1981.

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

(S.A. 114/2/8)

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
amendment is being circulated.

Number and Title of Specification

DZ 4505/A1 Draft amendment No. 1 to NZS 4505:1977
Fire-fighting waterway equipment.

This draft amendment corrects an error in the dimensioning
of the 35° chamfer on the male delivery hose coupling which
is the seat for the rubber washer.

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

The closing date for receipt of comment is 29 January
1982.

Dated at Wellington this 25th day of November 1981.

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

(S.A. 114/2/8)

Notice by Examiner of Commercial Practices of Consent to a 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 subsection (9) of that section, consented to the following merger and takeover proposal, being merger and takeover proposal which also requires consent under the Overseas Investment Act 1973, and the Overseas Investment Regulations 1974*.

Dated at Wellington this 30th day of November 1981.

A. E. MONAGHAN, Examiner of Commercial Practices.

*S.R. 1974/117