Home' Greymouth Star : September 1st 2015 Contents Greymouth Star
The new banknotes.
Brighter banknotes unveiled
Final versions of new $5 and $10 banknotes
have been revealed — with brighter colours,
but the same famous faces and flora and fauna
Artistic renditions of all new banknotes
were released in November, but the Reser ve
Bank has been completing work on security
features since, meaning the final versions
released today are different.
The shape, size and feel of the new notes
remains the same, and Sir Edmund Hillary
and Kate Sheppard still take pride of place on
the $5 and $10 notes respectively.
However, the new notes contain more
sophisticated security features, including. —
A large clear window that contains a
hologram featuring a fern, map of New
Zealand, and the same bird that features on
the left-hand side of the note.
When the note is tilted a rolling bar, that
changes colour, flashes across the bird. On
the reverse of the note, in the same position,
a similar effect can be seen in the fern
If the notes are held up to the light,
coloured irregular shapes on the front and
back combine like puzzle pieces to show the
Raised ink features on both sides of the
notes, including the words Reser ve Bank
of New Zealand Te Putea Matua and New
All banknotes are being redesigned and
rolled-out progressively, by denomination.
The $5 and $10 notes will be released from
mid-October, with the $20, $50 and $100s
likely released in April 2016.
The new notes, which will be called Series
7, will co-circulate with the current notes for
a period of time and both sets will be legal
Reser ve Bank Governor Graeme Wheeler
launched the $5 and $10 notes this morning
at a function in Wellington attended by Prime
Minister John Key.
Sir Ed’s son, Peter Hillary, attended the
launch and commented that his father looked
“as handsome as ever” on the new $5 note.
— N Z ME-New Zealand Herald
2 - Tuesday, September 1, 2015
Chinese set to take Silver Fern Farms stake
Tuesday September 1
Urgent Cases Only
Phone 768 5942 first
June 18, 1996 -
September 1, 2014.
It is a year ago since
you passed away.
You are missed every
minute of every day.
Your cheeky grin and
warm smile are just
some of the beautiful
memories we have.
Dad, Mum, Matthew,
Stephen and Nathan.
Sharon and family
would like to thank all
the people who travelled
to Nelson, sent cards etc
for Trevor. Trevor was
with his mates fishing
and watching the All
Blacks - doing what he
Taken too soon
No money for mining
No punches were pulled in
the opening sessions of New
highlighting the commodity
price plunge, the dire lack of
equity funding and the growing
indifference of investors to the
lurching mining sector.
The 49th annual three-day
conference of the New Zealand
of the Australian
Metallurgy attracted more than
260 delegates to Dunedin, its
first visit to the city in more than
Mine investment is at all time
lows with many minor and
some major companies facing
administration or receivership.
Commodities are down 50%-
70% and the economies of
China, Australia and New
Zealand are all under increasing
It was not all bad news, but
good news was mainly limited
to small companies’ increasing
volumes or exploration proposals.
None of the positives come
close to replacing the hundreds
of mining jobs lost in the South
Island during the past two years,
at Solid Energy and Oceana
Expanding exploration budgets
were the exception, not the norm.
Campbell Macpherson director
Tony Haworth said with the
commodities downturn now
in its fifth year, the conference
theme could well have been
“toughing it out ’’.
With gold prices down 60%
and coal prices about 75% down,
he expected economic data for
the mining sector to continue its
downward trend, once calendar
year 2015 is analysed.
“There’s no sign of recovery yet
. . . it has become very challenging
for stock prices and it ’s hard to
find equity,’’ Mr Haworth said.
Of commodity and stock prices
and growth in New Zealand’s
economy, he said: “ The past 12
months have been a train wreck’’.
Mr Haworth said global
exploration expenditure had
halved in the past two years
to $US11 billion ($NZ17.02
billion), declining 26% on 2014
alone, while equity raising was
down 15% for 2014, at $US230
Equity funding for the sector
in New Zealand had plunged
from $50 million in 2010 to
$15 million this year, while
New Zealand’s global ranking
as a host country for miners had
declined for the first time in four
years, plunging 19 places to 35th,
out of 100.
That was possibly because of
the rejection of two offshore
seabed mining proposals and
public sentiment over the secrecy
surrounding the Trans Pacific
“Canada, the US and Australia
have all the exploration
attractiveness, while the Oceania
group (of Pacific nations) is
lagging behind,’’ Mr Haworth
On the “upside’’ for the sector
was the attraction of gold as an
investment, in New Zealand
dollar terms, the weakening New
Zealand dollar, the availability
of exploration ground and a
“supportive government ’’ paying
for aeromagnetic flights, most
recently in the West Coast, and
in Otago and Southland later in
“ When people do come to New
Zealand looking, they ’re going to
be ahead having the (new) data
to use,’’ he said.
emeritus of Austmine and also
chairman of CRL Energy, and
a former eight year director at
Solid Energy, said the sector
faced the “perfect storm’’.
Decreasing commodity prices
and slackening demand was
prompting loss of employment
and less capital expenditure by
In Australia, the downturn had
prompted $A155b ($NZ171.2b)
in projects to be postponed, he
“The value in the number
of deals done was 50% down
on 2014,’’ Mr Broome said,
highlighting capital expenditure,
compared with 2012, was down
63% on coal, 50% down on iron
ore, 27% on gold and 33% on
“There needs to be a big rethink
to attract capital ... to rejuvenate
the mining sector with smarter
mining.’’ — Otago Daily Times
Council orders flats clean-up
of the Hokitika Guardian
The owner of an eyesore property that
is brimming with rubbish — right at
the entrance to Hokitika — has been
ordered to clean up the mess.
The former Hokitika Motels
complex, in Fitzherbert Street, has
been on the radar for both the police
and Westland District Council in
recent years since being let as cheap
However, most of the 18 units and
an adjoining house appear to be vacant
now, with the tenants gone but large
amounts of rubbish left behind.
Council planning, community and
environment group manager Jim
Ebenhoh said the state of the property
had recently been brought to the
council’s attention by police because of
concerns with public health, building
safety and crime.
The contact person for the site had
been spoken to twice, most recently
Environmental health officer
Wayne Knightbridge said he was told
someone would be coming to clear a
high pile of waste that can clearly be
seen from the State highway, loosely
covered by a tarpaulin.
Rubbish is also piled up outside most
of the rear units, while many of the
street front units have broken windows
Mr Ebenhoh said the owner had told
the council the rubbish had been piled
up in preparation of clearing the units
and getting the site tidied up.
“ What that means exactly is yet to be
seen,” Mr Ebenhoh said.
The council would be looking
further into the nature of the property,
which was still rated commercial, and
working through issues with the owner.
“It is an eyesore. It doesn’t present a
good look to the north entrance of the
“ We are looking at it from a public
health and building safety point of
He said the council had the authority
to act if the property was causing a
nuisance by way of tall grass, vermin or
The police letter had touched on all
points and also stated the site had been
a “breeding ground” for crime since it
ceased operating as a motel.
Community constable Jon
Armstrong, of Hokitika police, said
yesterday they had been called to
numerous incidents involving tenants
over the years, ranging from domestics
and disorderly behaviour, to “drunken
parties spilling out on to the street ”.
“ We have also found drugs as a result
of other incidents.”
Mr Ebenhoh said yesterday the
owner paid $5200 a year for refuse
collection, including 18 refuse
Each unit had its own rubbish and
PICTURES: Janna Sherman
Broken whiteware, appliances and general household rubbish, piled up high at the former Hokitika Motels flat complex. (Inset)
The view from the State highway: rubbish piled up behind a fence and an abandoned house on the title of the former Hokitika Motels
complex, at the northern entrance to Hokitika.
Chinese are reportedly poised
to make a substantial investment
in Silver Fern Farms, which owns
and operates a meatworks in
constitution, shareholders do not
get to vote on the proposal if it
is less than 20% of its total assets,
New Zealand First leader
Winston Peters said today the
Chinese were set to make a
substantial investment in Silver
“The Chinese will get a buy one,
get one free deal with Silver Fern
Farms, in which they are expected
to invest $100 million,” Mr Peters
“They will get our know-how
and research and development
funded by the taxpayer
through the Primary Growth
Yesterday, West Otago farmer
and Silver Fern Farms shareholder
Allan Richardson said it was
disappointing to hear, through
the media, that the company was
seriously considering foreign
capital investment. A special
meeting needed to be held so
the co-operative could hear what
“ We would expect the co-op
to look at all options available
before it progresses with foreign
undermine the co-op structure
and New Zealand farmers will lose
control of their industry. It is that
simple,’’ Mr Richardson said.
Goldman Sachs was appointed
by the board last year to identify
potential capital transactions to
accelerate debt reduction and
invest in value-added and plant
Concerns over the raising of
capital were aired by shareholders
at the company’s annual meeting
reporting Otago Daily Times
Firefighters were called to a boiler-house fire at
Westport North School early yesterday morning.
Westport Volunteer Fire Brigade chief fire officer
Alan Kennedy said the coal boiler had malfunctioned,
causing a fire to start in the feed pipe, leading to the
“It could have been a lot worse if the caretaker had not
noticed it when he did,” Mr Kennedy said.
The boiler was shut down and the brigade arrived
An Inangahua man has been sentenced
to community work and super vision after
police found 0.8g of methamphetamine
(P) and a glass pipe in his possession.
William Frank Robinson, 27, appeared
in the Westport District Court last
week following the execution of a search
warrant at his address.
Police prosecutor sergeant Michelle
Payne said police searched the property,
belonging to Robinson’s father, on
June 9. In the garage/shed, inside a
plastic container, they located four snap-
lock bags with a small amount of P
inside. There was enough for three single
uses, Ms Payne said.
Police also found a glass pipe. At the
time, Robinson stated he was “just a
user”, she said.
Robinson had 80 hours of outstanding
community work. Robinson wished to
get his life back on track and had realised
he needed to put the care of his young
daughter first, he said.
Judge Emma Smith told Robinson
he was “dangerously close” to being
imprisoned. She said she thought the
need to care for his daughter would be
enough to deter him from using drugs.
She convicted Robinson and sentenced
him to 100 hours of cumulative community
work and six months’ supervision for
possessing P. For possessing the pipe, she
sentenced him to 100 hours’ concurrent
community work. She also ordered him to
pay $130 court costs. — Westport News
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