21 APRIL NEW ZEALAND GAZETTE 1399

scheme will be deemed to have been derived from the oldest inventory on hand at the opening balance date in the income year of the change to the Herd scheme in the same manner as sales and deaths are accounted for when using the FIFO type of inventory system unless the inventory account has been accurately prepared on an age class by age class basis with the appropriate costs per head recorded for each group of livestock in each age class, under which conditions, the adjustment to closing inventory numbers and costs can be made on a class by class basis.

26. Change in cost flow identification system in the same income year as some livestock are moved from the national standard cost scheme to the herd scheme system of valuation

If a change in the cost flow identification system is made in the same income year as some livestock are moved to the herd scheme, this adjustment shall be effected only after the appropriate adjustment has been made for moving those livestock to the herd scheme on the basis of the cost flow identification system used in the immediately preceding income year.

27. Complete change from national standard cost scheme to self assessed cost or from self-assessed cost to national standard cost scheme

• The value of livestock of each type on hand in each inventory grouping at the end of the immediately preceding income year under the preceding method will be deemed to be the opening value of livestock of that type in that inventory grouping in the year of change. Any change in the cost flow identification system accompanying the change will be subject to paragraphs 16 and 26 of this determination.

28. Value of Livestock where NSC used in conjunction with the herd scheme.

Where a taxpayer has adopted the herd scheme for any class of livestock in any income year and the livestock numbers for that class are more than the base number of herd scheme animals, in accordance with section 86D(5) of the Act, and wishes to value those livestock under the national standard cost scheme, the following provisions will apply:

• For the purposes of calculating national standard cost for those livestock the opening value of rising 1 year livestock and rising 2 year male non-breeding dairy and beef cattle the definition of ‘d’ in the formulae in paragraphs 4, 5 and 6 of this determination will be:

In the case of paragraph 4 and 5—

The opening number of rising 1 year livestock of that type multiplied by the national standard cost calculated for rising 1 year livestock of that type for, at the taxpayers’ option, the current or immediately preceding income year using the formula contained in paragraph 3 and 5.

In the case of paragraph 6—

The opening number of rising 2 year male non-breeding dairy or beef cattle multiplied by the national standard cost calculated for rising 2 year male non-breeding dairy or beef cattle in, at the taxpayers’ option, the current or immediately preceding income year using the formulae in paragraphs 3 and 5.

In the event of there being no rising 1 year livestock of that type or rising 2 year male non-breeding dairy or beef cattle on hand in either the current or immediately preceding income year on which to base the calculations in paragraphs 4, 5 or 6, the national standard cost will be the average purchase cost of the rising 2 year livestock of that type or the rising three year male non-breeding dairy or beef cattle.

This Determination is made and signed by me on the 29th day of March 1994.

SIMON SHERRY, Director (Rulings).

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Internal Affairs

Bylaws Act 1910

Southland District Council Control of Advertising Signs Bylaw 1993

The following certificate has been executed on a copy of The Southland District Council Control of Advertising Signs Bylaw 1993, made by Special Order of The Southland District Council on 28 October 1993 and confirmed at a subsequent meeting of the council on 9 December 1993.

Dated this 10th day of April 1994.

JOHN BANKS, Minister of Local Government.

Certificate of Confirmation

Pursuant to the Bylaws Act 1910, I hereby confirm the above written bylaw and declare that the same came into force on the 17th day of December 1993.

Dated at Wellington this 10th day of April 1994.

JOHN BANKS, Minister of Local Government.

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Justice

Criminal Justice Act 1985

Notice of Forfeiture of Motor Vehicle

In the District Court at Dunedin

Pursuant to section 84 of the Criminal Justice Act 1985, the following vehicle has been confiscated and will be disposed of at public auction:

Volkswagen Microbus, Registration No. JD 5492.

A. J. HERRING, Registrar.

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District Courts Act 1947

Appointment of Court to Exercise Criminal Jurisdiction in Respect of Indictable Offences

Pursuant to section 4 (2A) of the District Courts Act 1947, as inserted by section 2 (2) of the District Courts Amendment Act 1980, Her Excellency the Governor-General has appointed Kaikohe to be a place in which courts may be held for the exercise of criminal jurisdiction in respect of indictable offences under Part IIA of the District Courts Act 1947.

Dated at Wellington this 6th day of April 1994.

D. A. M. GRAHAM, Minister of Justice.

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