Appointment of a Director of the Reserve Bank of New Zealand In terms of section 54 (3) of the Reserve Bank of New Zealand Act 1989, I hereby notify my appointment of Mr Paul Edward Alex Baines as a director of the Reserve Bank of New Zealand for a 5 year term with effect on and from 1 July 1999. Dated at Wellington this 9th day of June 1999. W. F. BIRCH, Treasurer.