2 APRIL
THE NEW ZEALAND GAZETTE
853

Transfer of Unformed Legal Road in Blocks VII and VIII,
Wakamarina Survey District, Marlborough County

PURSUANT to section 323 of the Local Government Act 1974,
and to a delegation from the Minister of Lands, the Com-
missioner of Crown Lands hereby declares that the land,
described in the Schedule hereto, has been transferred to the
Crown by the Marlborough County Council pursuant to the
said section 323, and as from the date of this notice the said
land shall be deemed to be Crown land subject to the Land
Act 1948.

SCHEDULE

MARLBOROUGH LAND DISTRICT—MARLBOROUGH COUNTY
4.1743 hectares, more or less. Unformed legal road, adjoining
Sections 7 (Square 29), 75, and 80, Pelorus Valley Registration
District, Sections 1A (Square 21), 8 (Square 21), and Section
9, Pelorus Registration District, Section 20A, Block VIII, Waka-
marina Survey District, Sections 1 of 8 and 2 of 8, Pelorus Sound
Registration District, and Sounds Foreshore Reserve, situated in
Block VIII, Wakamarina Survey District. As shown marked
‘C’ on S.O. Plan 5726.

Dated at Blenheim this 20th day of March 1981.

I. B. MITCHELL, Commissioner of Crown Lands.
(L. and S. H.O. 6/1/401; D.O. 13/64)

Industries Development Commission Notice No. 1981/3—
Inquiry Concerning the New Zealand Tobacco Industry

1. The Commission gave notice in the New Zealand Gazette,
   No. 17, of 19 February 1981, that a public hearing on the
   tobacco industry would be held on Tuesday, 7 April 1981.
   This hearing will now take place on Thursday, 9 April 1981.
   The commencement time for the hearing remains 10.30 a.m.
   for the first day and 10 a.m. for each subsequent day.

2. The closing date for submissions for the public hearing
   on the tobacco industry has now been extended to Monday,
   6 April 1981.

Dated at Wellington this 2nd day of April 1981.

J. R. JENNER,
Secretary, Industries Development Commission.
P.O. Box 27-046, Wellington.

Notice of Intention to Vary Hours of Sale of Liquor at
Chartered Club—Otago Licensing Committee

PURSUANT to section 221A of the Sale of Liquor Act 1962,
as amended by section 22 (14) of the Sale of Liquor Amend-
ment Act 1976, I, John Fraser Robertson, Secretary for
Justice, on 10 March 1981, made an order authorising varia-
tions of the usual hours of trading for the chartered club
known as the Dunedin Working Men’s Club and Mutual
School of Arts Incorporated.

To the intent that on days other than those on which
chartered clubs are required to be closed for the sale of
liquor to its members, the hours for the opening and closing
of the said premises shall be as follows:

(a) On any Saturday—Opening at 10 o’clock in the morning
and closing at 10 o’clock in the evening.

Dated at Wellington this 17th day of March 1981.

J. F. ROBERTSON, Secretary for Justice.
(Adm. 2/72/5)

Setting Apart Maori Freehold Land as a Maori Reservation

PURSUANT to section 439 of the Maori Affairs Act 1953, the
Maori freehold land described in the Schedule hereto is
hereby set apart as a Maori Reservation for the purpose of
a burial ground for the common use and benefit of the
descendants of Teone Makirika and Ngamihī Pene.

SCHEDULE

WELLINGTON LAND DISTRICT

ALL that piece of land situated in Block XIV, Mount Robin-
son Survey District, and described as follows:

Area
m²

Being

1011 Manawatu Kukutauaki 3, Section 2A7, as described
in a Partition Order of the Maori Land Court dated
27 February 1912.

Dated at Wellington this 25th day of March 1981;

B. S. ROBINSON,
Deputy Secretary for Maori Affairs.
(M.A. H.O. 21/1/6; D.O. Oti 163)

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 April 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:

20.0 percent of that trading bank’s average demand and
time deposit liabilities in New Zealand in the im-
mediately 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 borrowings 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.