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THE NEW ZEALAND GAZETTE
No. 70

of that kind and standard of quality by the foregoing provisions of
this order, and the said sum of 5c shall be added to the rates referred
to in clause 11 of this order for the purpose of that clause.

MAXIMUM RETAIL PRICE OF BUTTER TO WHICH THIS PRICE
ORDER APPLIES

9. (1) The maximum retail price of butter to which this price order
   applies shall be computed at the rate of:

(i) $1.24 a 500 gram pack of salted creamery butter.
(ii) $0.64 a 250 gram pack of salted creamery butter.
(iii) $1.28 a 500 gram pack of unsalted creamery butter.
(iv) $1.21 a 500 gram pack of salted whey butter.
(v) $1.49 a 500 gram pack of continental style butter.

(2) If, in respect of any lot of butter sold by a retailer, the maxi-
mum price calculated in accordance with the foregoing provisions
of this clause is not an exact number of cents, the maximum price
of the lot shall be computed to the nearest whole cent.

SPECIAL PRICES WHERE EXTRAORDINARY CHARGES INCURRED

10. Notwithstanding anything in the foregoing provisions of this
    price order and subject to such conditions, if any as he thinks fit,
    the Secretary, on application by any trader, may authorise special
    maximum prices in application to a specified
    lot or consignment of butter or may relate generally to all butter
    to which this Price Order applies sold by the trader while the order
    remains in force.

Dated at Wellington this 3rd day of May 1984.

W. E. SCANLAN, Director, Commerce Division.

*New Zealand Gazette, 30 November 1981, No. 144, p. 3627.
†New Zealand Gazette, 22 January 1981, No. 4, p. 107.
‡S.R. 1948/16.

(T. and I.)

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 the close of business
on the 1st May 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 calendar
month (determined in accordance with clauses 1, 2, 3 and 4 of this
notice) equals or exceeds the aggregate of:

31.0 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 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 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.

D. L. WILKS, Governor.

Tariff Notice No. 1984/94—Application for Withdrawal of Approval

NOTICE is hereby given that an application has been made for the withdrawal of the following approval of the Minister of Customs and for
the future admission of the goods at substantive rates of duty:

The identification reference to the application number indicates the office to which any objections should be made.

H.O.—Comptroller of Customs, Private Bag, Wellington.

Any person wishing to lodge an objection to the granting of these applications should do so in writing to the appropriate office as indicated
by the identification reference on or before 24 May 1984. Submissions should include a reference to the identification reference, application
number, Tariff Item, and description of goods concerned and be supported by information as to:

(a) The range of equivalent goods manufactured locally;
(b) The proportion of New Zealand and imported material used in manufacture;
(c) Present and potential output; and
(d) Details of factory cost in terms of materials, labour, overhead, etc.

Dated at Wellington this 3rd day of May 1984.

P. J. MCKONE, Comptroller of Customs.

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