6 DECEMBER
THE NEW ZEALAND GAZETTE
5481

Number and Title of Specification
NZS 5405:—(ISO 1496:—) Series 1 freight containers. Specification and testing—
Part 1:1979 (ISO 1496/I:1978) General cargo containers.
Part 2:1980 (ISO 1496/II:1979) Thermal containers.
Part 5:1978 (ISO 1496/V:1977) Platform (container).
Part 6c:1978 (ISO 1496/VIc:1977) Platform based containers, open-sided, with complete superstructure.
NZS 5407:1982 (ISO 830:1981) Series 1 freight containers. Corner fittings. Specifications.
NZS 5409:1978 (ISO 1074:1975) Counterbalanced lift trucks. Stability. Basic tests.
†NZS 5410:1978 (ISO R 1214:1971) Counterbalanced forklift trucks up to 10 000 kg. Rated capacity.
†NZS 5427:1984 (ISO 780:1983) Packaging-Pictorial marking for handling of goods.
The identical ISO Standard will be endorsed as suitable for use in New Zealand.
*A later edition of the ISO Standard will be endorsed as suitable for the use in New Zealand.
† Withdrawn without replacement by ISO.

Dated at Wellington this 29th day of November 1984.
DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.
(S.A. 114/2/6)

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
Auckland Harbour Board:
Loan No. 3 1984
Auckland Regional Authority:
Bulk Water Supply Loan No. 86, 1984
Green Island Borough Council:
Sewerage Loan 1984
Hawke’s Bay Catchment Board:
Plant Loan 1984
Horowhenua Electric Power Board:
Electric Reticulation Loan No. 29 1984
Levin Borough Council:
Municipal Building Redevelopment Loan 1984
New Zealand Fire Service Commission:
Patea Fire Station Loan 1984
Kohukohu Fire Station Loan 1984
Ohope Fire Station Loan 1984
Northland Harbour Board:
Land Development Loan 1984
Rodney County Council:
Rodney Park Sewerage Loan 1984
Rotorua District Council:
Urban Stormwater Loan 1984
Taumarunui County Council:
National Park Water Supply and Sewerage Loan 1984
Tauranga City Council:
Parking Purchase Loan 1984
Tauranga County Council:
Katikati Sewerage Outfall Disposal Pipeline Loan 1984
Waihi Borough Council:
Waihi Water Supply Loan 1980
Wairoa Electric Power Board:
Hydro Works Loan No. 7 1984
Wellington City Council:
Track Resurfacing Loan 1984

Amount Consented to
$5,000,000
45,000,000
250,000
500,000
1,000,000
1,000,000
174,000
123,000
100,000
820,000
300,000
1,700,000
760,000
500,000
650,000
185,000
8,590,000
750,000

Local Authority and Name of Loan
Happy Valley Landfill Development (Stage III)
Loan 1984
Streetworks Loan 1984

Amount Consented to
$950,000
1,250,000

Dated at Wellington this 16th day of November 1984.
C. H. TERRY, Deputy Secretary to the Treasury.

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 December 1984 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 month (determined in accordance with clauses 1 to 7 of this notice) equals or exceeds the aggregate of:

27.5 percent of that trading bank’s average demand and time deposit liabilities in New Zealand in the immediately preceding month (determined in accordance with the provisions of clause 6 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 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 7 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 for those holdings recorded by the Reserve Bank for that trading bank as at each Wednesday in the month. For the purposes of this paragraph, the figures so recorded as at each Wednesday shall be the figures set out in the weekly return of banking statistics relating to the preceding Wednesday, supplied by the trading bank under the Statistics Act 1975.

(3) The average of a trading bank’s balances at the Reserve Bank shall be the average of the balances of that trading bank as at the close of business on each day of that calendar month, as recorded by the Reserve Bank after the settlement of all transactions which are recorded as having been effected on that day.

(4) The average of a trading bank’s holdings of New Zealand Government Securities for a calendar month shall be the average of the New Zealand Government Securities held by it on each day of that month, taking into account all transactions in New Zealand Government Securities with the Reserve Bank carried out for the purposes of settlement of the trading bank’s current account at the Reserve Bank which are recorded by the Reserve Bank as having taken place on that business day.

(5) For the purposes of this notice, the term “New Zealand Government Securities” shall mean Government Stock and Treasury Bills as these terms are defined in the Public Finance Act 1977 (all at nominal value), and any bonds, stock, or other securities issued by the Housing Corporation of New Zealand under section 30 of the Housing Corporation Act 1975 (all at nominal value), and any Government of Western Samoa stock issued and registered in New Zealand after the 1st day of August 1976 (at nominal value).

(6) 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.

(7) 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 for any other calendar month.

SPENCER RUSSELL, Governor.