24 FEBRUARY THE NEW ZEALAND GAZETTE 501

to the excerpt chosen. While in the context of this programme it
cannot be said to be obscene or even erotic, it did spend some 30
seconds showing in silhouette two males caressing and then kissing.
They were identified (by the voice over) as men.

The Tribunal finds that, in this programme, the material shown
was not essential.

Nor was it suitable for broadcast before 8.30 p.m.

It is concluded that the material was inserted for the dramatic
effect it would have. This was not a case where the display of the
material was natural in context or part of a drama presentation.
The chosen content of the movie was shown not just to identify
the movie but for its impact.

Having regard to the material included in this segment of the
programme, the Tribunal finds it was not appropriate for broadcast
before 8.30 p.m.

The complaint in that respect is upheld.

Co-opted Members:

Messrs Ell and Boyd-Bell were co-opted as persons whose qualifi-
cations or experience were likely to be of assistance to the Tri-
bunal in dealing with the complaint. They took part in the
consideration of the complaint and the deliberations of the Tri-
bunal but the decision is that of the permanent members.

Dated the 16th day of February 1983.

For the Tribunal:

B. H. SLANE, Chairman.

Consent to Raising of Loans by Certain Local Authorities

PURSUANT to the Local Authorities Loans Act 1956, the under-
signed Deputy Secretary to the Treasury, acting under powers del-
egated to the Secretary to the Treasury by the Minister of Finance,
hereby consents to the borrowing by the local authorities, men-
tioned 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
$

Auckland Regional Authority:
Drainage Redemption Loan No. 115 1983 350,790
Marlborough County Council:
Renwick Water Loan 1982 20,000
New Plymouth City Council:
Waterworks Redemption Loan 1983 90,000
N.Z. Fire Service Commission:
Levin Fire Station Loan No. 2 1983 98,000
Oxford County Council:
Staff Housing Loan - 1982 20,000
Rangitikei Drainage Board:
Edgecumbe Depot Loan 1982 175,000
Southland Harbour Board:
Renewal Loan No. 2, 1983 158,000
Tawa Borough Council:
Outfall Sewer Investigation Loan 1982 100,000
Temuka Borough Council:
Owner/Occupier Flats Loan 1982 180,000
Wallace County Council:
Rural Housing Loan No. 16, 1982 100,000
Wellington City Council:
Drainage Loan 1982 1,500,000
Streetworks Loan 1982 1,500,000
Wellington Regional Council:
Renewal Loan No. 6, 1983 182,000

Dated at Wellington this 14th day of February 1983.

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 under-
signed Deputy Secretary to the Treasury, acting under powers del-
egated to the Secretary to the Treasury by the Minister of Finance,
hereby consents to the borrowing by the local authorities, men-
tioned 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
$

Auckland City Council:
Redemption Loan No. 224, 1983 183,700
Balclutha Borough Council:
Water Renewal Loan No. 2, 1983 38,000
Christchurch Drainage Board:
Renewal Loan No. 1, 1983 127,000
Renewal Loan No. 2, 1983 237,000
Ellesmere County Council:
Rolleston Water Supply Loan 1982 50,000
Rural Housing Loan No. 15, 1982 75,000
Grey County Council:
Rural Housing Loan 1982 105,000
Hurunui County Council:
Housing for the Elderly Loan No. 2, 1982 12,000
N.Z. Fire Service Commission:
Avondale Fire Station Loan 1982 965,000
Fire Service Commission Housing Loan 1982 145,000
Patea Borough Council:
Pension Flats Loan (Stage 2) 1982 51,750
Rotorua District Council:
Sewerage Redemption Loan No. 4, 1982 96,000
Takapuna City Council:
Takapuna Conveniences Dressing Sheds Redemp-
tion Loan 1983 10,000
Albany Development Redemption Loan 1983 18,800
Stormwater Disposal Works Redemption Loan
1983 42,000
Land Purchase Redemption Loan 1983 1,465,000
Tauranga Electric Power Board:
Lower Mangapapa Renewal Loan 1982 138,000
Tokoroa Borough Council:
Pensioner Housing Loan 1982 646,000
Wallace County Council:

Dated at Wellington this 8th day of February 1983.

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

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 curren-
cies into New Zealand currency when delivery of the foreign cur-
rency dealt in will be effected by telegraphic transfer. The follow-
ing 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.

Country and Currency Range of Rates
Sell Buy
Australia (Dollar) 0.7261- 0.7633
Austria (Schilling) 11.7800- 12.3800
Belgium (Franc) 33.1200- 35.8800
Canada (Dollar) 0.8599- 0.9040
China (Renminbi) 1.3692- 1.4395
Denmark (Kroner) 5.9539- 6.2592
Fiji (Dollar) 0.6754- 0.7100
France (Franc) 4.7744- 5.0193
Hong Kong (Dollar) 4.6419- 4.8799
India (Rupee) 6.8427- 7.1936
Italy (Lira) 971.5300- 1021.3500
Japan (Yen) 163.7000- 172.1000
Malaysia (Ringgit) 1.5877- 1.6691
Netherlands (Guilder) 86.1000- 90.5100
New Caledonia and Tahiti (Franc) 4.9612- 5.2156
Pakistan (Rupee) 8.9600- 9.4200
Portugal (Escudo) 64.4700- 67.7700
Singapore (Dollar) 1.4481- 1.5224
South Africa (Rand) 0.7685- 0.8079
Spain (Peseta) 89.8900- 94.5000
Sri Lanka (Rupee) 15.6500- 16.4500