2 JULY
THE NEW ZEALAND GAZETTE
1827

Declaration of a Vehicle with Motorcycle Controls to be a Motorcycle

PURSUANT to section 2 of the Transport Act 1962, the Secretary for Transport hereby declares that the three-wheeled vehicle having motorcycle controls and described in the Schedule hereto, is a motorcycle for the purposes of the said Act.

SCHEDULE

KAWASAKI KLT 200

Dated at Wellington this 24th day of June 1981.

(T.T. 31/3/5)

A. J. HEALY, Secretary for Transport.

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 July 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:

21.5 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 consist 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.

Consent to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the undersigned Deputy 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 the Schedule.

SCHEDULE

Local Authority and Name of Loan Amount Consented to $
Hamilton City Council:
Municipal Building Loan 1981 11,500,000
Tuakau Borough Council:
Water Supply Loan No. 1, 1981 50,000
Waira County Council:
Social Welfare Dwelling Loan 1981 12,000

Signed at Wellington this 23rd day of June 1981.

C. H. TERRY, Deputy Secretary to the Treasury.

Consent to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the undersigned Deputy 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 City Council:
Hayden Street Development (Blocks D and G) Loan 1981 701,000
Bay of Plenty Electric Power Board:
Generation Supplementary Loan 1981 2,490,000
Christchurch Drainage Board:
Renewal Loan No. 7, 1981 50,000
Renewal Loan No. 6, 1981 128,000
Hutt Valley Electric Power and Gas Board:
Loan No. 60 Electricity Reticulation 1981 4,000,000
Loan No. 61 Natural Gas 1981 4,000,000
Kairanga County Council:
Rural Housing Loan 1981 53,000
Rodney County Council:
Snells/Algies Sewerage Loan No. 3, 1981 286,000
Rotorua District Council:
Waterworks Redemption Loan 1981 50,000
Sewage Treatment and Reticulation Redemption Loan No. 2, 1981 30,000

Dated at Wellington this 15th day of June 1981.

C. H. TERRY, Deputy Secretary to the Treasury.

Consent to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the undersigned Deputy 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 City Council:
Parks Improvement Loan 1981 900,000
Auckland Harbour Board:
Redemption Loan No. 2, 1981 324,000
Bay of Plenty Harbour Board:
Tauranga Marina Loan 1981 580,000
Blenheim Borough Council:
Water Supply Service Reservoir Additional Loan Renewal Loan 1981 9,700
Christchurch City Council:
Aldwins Road Housing Loan 1981 4,200