3 NOVEMBER
THE NEW ZEALAND GAZETTE
3645

Dated at Wellington this 25th day of October 1983.
DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.
(S.A. 114/2/9:2576–2604)

NIL

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 the 1st November 1983 and until further notice each trading bank shall maintain during each calendar month balances at the Reserve Bank plus holdings of Reserve Bank notes, of New Zealand coin, 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:

22.0 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 by the amount hereinbefore required for that calendar month by way of borrowings from the Reserve Bank 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 (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 and of New Zealand coin 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. S. DEANE, Deputy Governor.

New Zealand Forest Service—Schedule of Works and Services Contracts of $20,000 or More in Value

D. S. McTAGGART, Executive Officer, Engineering Division.

7

Notice Under the Regulations Act 1936

PURSUANT to the Regulations Act 1936, notice is hereby given of the making of regulations as under:

POSTAGE AND PACKAGING CHARGE: MAIL ORDERS

If two or more copies ordered, the remittance should cover the cash price and the maximum charge for the total value of purchases as follows:

Copies can be bought or ordered by mail from Government Bookshops. Please quote title and serial number. Prices for quantities supplied on application.

Government Bookshops are located at Hannaford Burton Building, Rutland Street (Private Bag, C.P.O.), Auckland 1; Northern Automobile Building, Alexandra Street (P.O. Box 857), Hamilton; Head Office, Mulgrave Street (Private Bag), Wellington 1; Wellington Trade Centre, Cubacade (Private Bag), Wellington 1; Avon House, 130 Oxford Terrace (Private Bag), Christchurch 1; Cargill House, Princes Street (P.O. Box 1104), Dunedin.

P. D. HASSELBERG, Government Printer.

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