9 JULY
THE NEW ZEALAND GAZETTE
1927

National Roads Board—Notice Partially Revoking Limited Access Road Status of State Highway

REFERRING to State highway No. 32, Whakamaru to Kuratau section, set apart as limited access road as more particularly shown on sheets 1 to 10 of plan M.O.W. 34674 and accompanying Schedule held in the office of the Resident Engineer, Ministry of Works and Development, Taumarunui, and there available for public inspection; it is notified that the National Roads Board by resolution dated 17 June 1981 and pursuant to section 4 of the Public Works Amendment Act 1963 hereby revokes the limited access road status* made pursuant to the said section 4 insofar as it affects that part of the limited access road from the northern boundary of Waihona (3D1 and 3E4) C Block and being Crown land by notice in Gazette, 1937, p. 1053, southward to the junction of Hingarae Road with the State highway.

Dated at Wellington this 6th day of July 1981.

F. J. TOURELL, Secretary.

*New Zealand Gazette No. 49 of 1 July 1971, p. 1229 and No. 17 of 4 March 1971, p. 351

(72/32/6/5)

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: 2 July 1981.
Time: 9 a.m.

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

Commerce Act 1975

Notice is hereby given that by Decision No. 52, dated 3 July 1981, the Commerce Commission has ordered:

That Lion Breweries Ltd. and Dominion Breweries Ltd. may continue their practices of charging through wholesalers cans and “pint” bottles of the beers they produce supplied directly to the holder, from time to time, of the hotel-keeper’s licence of the Duke of Marlborough Hotel, Russell, subject to the following conditions:

(a) These orders are for a minimum of a single unbroken pallet lot of a single brand and package of the beers produced at their Auckland breweries.

(b) The licensee has nominated, for acceptance of the charge for the goods, any licensed wholesaler who has agreed to accept the charge for same from the breweries and to charge the licensee a mark-up not exceeding 5 percent (5%) on the standard “free on vehicle ex brewery price to the wholesaler”.

(c) The licensee has arranged his own transport from the brewery to his premises.

As provided by section 23 (5) of the Act, this Order will come into force on 13 July 1981.

D. J. KERR, Executive Officer.

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