9 APRIL
THE NEW ZEALAND GAZETTE
907

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.

Date: 30 March 1981.
Time: 9 a.m.

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

Consent to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the under-signed 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

Signed at Wellington this 30th day of March 1981.

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

The Standards Act 1965—Specifications Declared to be Standard Specifications

PURSUANT to section 23 of the Standards Act 1965, the Standards Council, on 12 December 1980, declared the under-mentioned specifications to be standard specifications.

Number, Title, and Price of Specification (Post Free)

NZS 3112:—Methods of test for concrete—
Part 1: 1980 Tests relating to fresh concrete. $12.40.
Part 2: 1980 Tests relating to the determination of strength of concrete. $12.40.
Part 3: 1980 Tests on hardened concrete other than for strength. $6.65.
Part 4: 1980 Tests relating to grout. $6.65.
(These standards supersede NZS 3112:1974.)

Copies of the standard specifications may be ordered from the Standards Association of New Zealand, Wellington Trade Centre, 15–23 Sturdee Street (or Private Bag), Wellington.

Dated at Wellington this 2nd day of April 1981.

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

(S.A. 114/2/2: 751-54)

The Standards Act 1965—Standard Specification Revoked

PURSUANT to section 23 of the Standards Act 1965, the Standards Council, on 12 December 1980, revoked the under-mentioned standard specification.

Number and Title of Specification

NZS 3112:1974 Methods of test for concrete (Superseded by NZS 3112: Parts 1–4: 1980)

Dated at Wellington this 2nd day of April 1981.

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

(S.A. 114/2/7: 1423)

Notice by Examiner of Commercial Practices of Consent to a Merger and Takeover Proposal

PURSUANT to section 69 of the Commerce Act 1975, the Examiner of Commercial Practices hereby gives notice of the following merger and takeover proposal to which he has consented.

Person by or on behalf of whom notice was given in terms of section 68 (1) of the Commerce Act 1975

Feltex New Zealand Ltd.

Proposal

A new company, New Zealand Nurseries Holdings Ltd., (to be owned one-third each by Feltex Industries Ltd., Moller Holdings Ltd., and those members of the Davies family who currently hold shares in Duncan and Davies Ltd.) may be formed to acquire all the shares in New Zealand Nurseries Ltd., and 90.26 percent of the shares in Duncan and Davies Ltd.

Date of Consent

27 March 1981

Dated at Wellington this 2nd day of April 1981.

A. E. MONAGHAN, Examiner of Commercial Practices.

D