23 DECEMBER NEW ZEALAND GAZETTE 4667

1 January 1993 1.00
1 July 1993 0.95
1 January 1994 0.90
1 July 1994 0.85
1 January 1995 0.80

A shall have the following income/expenditure at the end of the 1993 year:
In respect of the Forward Commodity Purchase Agreement At the first balance date – 31 December 1993

a = $2,500
b = 750
c = 1,000 + $750
d = $2,500
e = $750 + 750 × $0.4
f = 1,050
= 1,000 × $2,000 ÷ (750 × $2,000 + 750 × $0.2)
2,500
= $800 + ($600 + $150)
= $800 + $750

Income/expenditure is:
2,500 + 750 + 1,000 + 750 - 2,500
1.0 0.9 1.0 0.95 1.0

• 1,050 - 800 - 750
  0.9 1.0 0.95

Base Currency (BCD) = ($133)
NZD = ($100)

At the second balance date – 31 December 1994

a = $750 + 750 × 0.4
= $1,050
b = 0
c = $500 + $250
d = $750
e = 0
f = (500 × $2,000 + 500 × $0.4) + (250 × $2,000 ÷ 2,500)
= $600 + $350

Income/Expenditure is:
1,050 + 0 + 500 + 250 - 750
0.9 0.9 0.85 0.9

• 0 - 600 - 350
  0.9 0.85

Base Currency = $105
NZD = $100

In respect of the Base Currency Loan Agreement At the first balance date – 31 December 1993

c = 1,000 × $2,000 ÷ 2,500 + 750 × $2,000 ÷ 2,500
= $800 + $600
f = 1,000 + 750

Income/expenditure is:
500 - 1,000 + 600 - 750
1.0 1.0 0.95 0.95

Base Currency = ($350)
NZD = ($358)

At the second balance date – 31 December 1994

c = 500 × $2,000 ÷ 2,500 + 250 × $2,000
= $400 + $200
f = $500 + $250

Income/Expenditure is:
400 - 500 + 200 - 250
0.9 0.9 0.85 0.85

Base Currency (BCD) = ($150)
NZD = ($170)

go143

Securities Commission

Securities Amendment Act 1988

The Authorised Futures Dealers Notice

Pursuant to section 38 of the Securities Amendment Act 1988, the Securities Commission gives the following notice.

N o t i c e

1. Title and commencement—(1) This notice may be cited as the Authorised Futures Dealers Notice 1992.

(2) This notice shall come into force on the date on which Aklow Number Thirty Nine Limited commences to conduct a market or exchange in New Zealand for trading in futures contracts.

2. Interpretation—(1) In this notice, unless the context otherwise requires,—

“The Act” means the Securities Amendment Act 1988:

“The Exchange” means Aklow Number Thirty Nine Limited.

(2) Any term or expression that is not defined in this notice, but that is defined in the Act, has the meaning given to it by the Act.

3. Persons authorised to carry on business of dealing in futures contracts—(1) Every person named in the First Schedule to this notice is hereby authorised to carry on the business of dealing in futures contracts generally.

(2) The authorisation of each person named in the First Schedule to this notice is subject to the condition that that person—

(a) Is a dealer within the meaning of the rules of the Exchange; and

(b) Agrees to be bound by the rules of the Exchange; and

(c) Within 3 months after the end of each financial year of that person, sends to the Securities Commission a copy of the audited financial statements for that financial year.

4. Revocations—The notices specified in the Second Schedule to this notice are hereby revoked.

First Schedule

ANZ Banking Group (New Zealand) Limited
Bank of New Zealand
Barclays Bank PLC
BT Futures New Zealand Limited
Buttle Wilson Futures Limited
Citibank N.A.
CS First Boston NZ Futures Limited
Fay, Richwhite Futures Limited
The London Clearing House Limited
The National Bank of New Zealand Limited
Ord Westpac Futures—NZ—Limited
State Bank of South Australia
Trust Bank New Zealand Limited
Westpac Banking Corporation

Second Schedule

NOTICES REVOKED