Page 4 Advertisements Column 1

Press, 27 January 1986, Page 4

W TENDER OF NEW ZEALAND GOVERNMENT STOCK TENDER NO. 27 In terms of the Prospectus for New Zealand Government Stock dated 13 September, 1984, the following stock is offered for sale: Maturity Data Coupon Rate Total Amount Offered Ist Interest Paymentt 1 ) Special Allotment(’) 15/10/91 16% $lOO million 15/4/86 Z 1. Interest will be paid at half yearly intervals thereafter. 2. The Earthquake and War Damage Commission will invest these amounts in addition to the total amount offered. The closing time for bids is 12 noon, January 30, 1986 OVERSUBSCRIPTIONS: The Reserve Bank reserves the right to accept oversubscriptions of up to 20% of the amount put up for tender in any individual maturity, provided that the total of the amounts accepted in all maturities does not exceed the total amount put up for tender. The settlement period for successful bids not settled on the day of the tender commences on the day following the date of the announcement of the tender results and continues until February 12, 1986. Prices for stock will be adjusted throughout the settlement period in accordance with the formula detailed in the Prospectus. Any settlement must take place 1 before 2pm on any banking day within the settlement period. Full details of the tender system are contained in the Prospectus which can be obtained from the Head Office and branches of the Reserve Bank of New Zealand. Bids will be accepted only if they comply with the Prospectus and if made on the bid form entitled "Bid Form for Government Stock” attached to the Prospectus. The main features of the tendering system, which incorporates two types of bidding facility are: ACCESS TO TENDER Registered Bidders ★Registered bidders must register at least two days before they bid for, or $lOOO, unless an exemption in writing has been granted tender at the Reserve Bank, Wellington. by the Reserve Bank. ★Bids from registered bidders must be accompanied by a deposit by ★For non-registered bidders competitive bids must be accompanied way of Bank Cheque, for the greater of 5 per cent of the face value by a bank cheque for the full face value of the Stock bid for. of each bid or $lOOO, unless an exemption has been granted by the NotvCompstitivs Bidders Reserve Bank. ★Non-competitive bidders do not have to be registered, but the bids Non*HegiSterea Didders mus t t> e accompanied by a bank cheque for the full face value of the ★Bids will be accepted from those parties eligible to bid but who do Stock bid for. ★Non-reg’stered' bidderTmust submit a bank cheque for the full * U P '° ® P e r r “ n ‘ ‘rr °' eaCh ma,Uri,y ° <fered * amount of the face value of the bids. available for non-compet.tive bidders. Comnetitive Biddina ★Bidding is on the basis of amount (face value) only, with a minimum ★Bidding must be on the basis of yields to maturity. bid size °'‘ n n c l eaBing in mul,iples °‘ sloo ° ,herea,,er U P t 0 a ★The minimum bid size is $lO,OOO (face value) increasing in multiples maximum s> u , . of $lOOO thereafter, with no maximum bid, or maximum number of ★The yield on non-competitive bids will be determined by the bids. weighted average issue yield of successful competitive bids in the ★lf the bid is successful the Stock will be alloted at the yield bid. tender for that maturity of Stock. ★For registered bidders competitive bids must be accompanied by a ★The settlement price for successful non-competitive bids will be bank che'que for the greater of 5 per cent of the face value of Stock determined as at the first day of the settlement period. Full details of the relevant settlement procedures are contained in each Prospectus. Competitive and non-competitive bids, from registered and non-registered bidders, will be received at the tender boxes at the Head Office or any branch of the Reserve Bank of New Zealand between 9am and 12 noon on the day of the tender. Bids will also be received until 12 noon on the day of the tender at P.O. Box 10-254, The Terrace, Wellington, New Zealand. Tender boxes will be situated at: WELLINGTON AUCKLAND CHRISTCHURCH Money Market Operations, 4th Floor, Government Stock Registry, 10th Floor, Public Counter, First Floor, No. 2 The Terrace 65-67 Customs Street East 158 Hereford Street Chief Manager Financial Markets Dept Reserve Bank of New Zealand January 22, 1986.

ADDINGTON RACEWAY TUESDAY, 28 JANUARY, 1986 OASIS INDUSTRIES (DIVISION OF SCHWEPPES) FAMIL Y NIGHT FIRST RACE AT 5.45 p.m. • Barbecue meal - on lawn area • Creche facilities • Free bottle of Schweppes soft drink for each child • Ten exciting races, plus between race action • Free Hayrides - courtesy of Peter Noble-Adams • Displays by Chch Western Performance Club • See a mare and her new foal • Chch Pony Club • Band - “Conchise” • Totally fit Donkey Derby (sponsored by Total Fitness) • Free video in tea kiosk on large screen for the children from 8.00 p.m.