Page 16 Advertisements Column 2

Press, 7 December 1981, Page 16

Banking Groups S MONEY RATES AS AT CLOSE 4/12 /81 | 30 DA’S 90 day. 180 day. I LOCAL FUNDS-Cor-.r e.C’d-. . .£ bihs prime selling rate co a 15.0 15.9 16.6 | FOREIGN FUNDS ~ | g Eurodollars: %p a - 12.8125 13.0 13.625 I | CURRENCY 1 SETTLEMENTS 3 mth 6 mth | .us dollars (Buy sell) 3373/ 8353 .8373/.8269 .8373/.8175 | Marac Corporation Limited Cnr.biciiurcn Pn io3> '?.? 5?0 1 , MARACj THE W TREASURY. REVIEW OF BUILDING CONTROLS Following industry submissions, Treasury has been authorised to initiate a review of regulatory controls in the building and property industry. The primary task of the review will be to develop a strategy for reform of the regulatory control system to best suit New Zealand's particular requirements and economy. Support for this review by professional and industry associations and control agencies is expected to provide essential resources for a two year programme. Approval is currently held to complete an initial study and report to government. It is proposed that the initial phase will be completed within six months and that the review should commence April 1982. The review will need to be carried out by a top-level management executive, experienced in the workings of the building arid property, who will work with the full co-operation of all involved parties. The terms and conditions for carrying out the review will be the subject of negotiation. Suitably qualified persons are invited to obtain copies of the industry submissions and further information on the review from: Mr A. Bowles, THE TREASURY, Private Bag, Wellington. Telephone 722-733, ext. 835. Applications, which should be in writing to Mr Bowles, close on December 18,1981.