Morning report. 1999-11-24

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1999
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59753
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Rights Information
Year
1999
Reference
59753
Media type
Audio
Item unavailable online
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RNZ Collection

0600 NEWS/WEATHER
0609 NZ NEWSPAPERS
0611 NEWS STORY OTAGO/SOUTHLAND FLOODING - Queenstown defence staff spend night monitoring level of still flooded Lake Wakatipu after more rain forecast to fall in headwaters overnight. I/v with Steve Rawdon of Weather Workshop re what's happened overnight. PROPERTY VALUATION - Valuer-General Warwick Quinn says property owners in Tararua District, who are upset over properties' down-valuation, can challenge valuations. AK company Beca has completed valuations in region including Dannevirke, Woodville, Pahiatua and surrounding farming districts, removes $97 million off district's $1.9 billion value. (Paul Diamond) WELINGTON DEVELOPMENT - attention turning to environs of the new WestpacTrust illegible. 10 teams of architects pool their visions for the city's northern gateway, and exhibition of their ideas is showing in city. (Elizabeth McLeod)
0620 RURAL NEWS OTAGO/SOUTHLAND FLOODING - farmers in Lakes District largely avoid possible trouble from flow-on effects of fresh rain forecast for High Country. Mt Nicholas station still has water up to 3 metres deep covering parts of lake frontage and through farm buildings. Owner Robert Butston says, in other ways, stations has come off relatively lightly although he hasn't been able to estimate cost of damage yet. (Kevin Ikin) AFFCO meat company expects to process first stock at plant in China in January. AFFCO building beef and goat plant in joint venture with Chinese interests in Sichuan province. Chief exec Ross Townshend says AFFCO hoping to develop trade for NZ-sourced meat products as well. (Kevin Ikin) TIMBER EXPORTS - CHINA - NZ industry sees China as market with biggest potential for growth. Wood NZ says China's demand for wood for housing, furniture and other products growing rapidly and greater restrictions on logging there also fuelling demand for imported timber. (Kevin Iki)
0625 SPORTS STORY AUSTRALIAN SPORTS - i/v with correspondent Tim gavel. (cricket team makes 3rd largest successful second innings in 120 years)
0630 NEWS/WEATHER
0635 NEWS STORY OIK PRICES RISE - prices rocket to 9 year high after Iraq suspends exports under UN Oil for Food programme. (Georgina Cooper, Feature Story) INTERNATIONAL PAPERS MANA MāORI COALITION GOVERNMENT - likelihood of Labour/Alliance govt increases specuation over who might get the Māori Affairs portfolio. TRAFFIC REPORT
0648 BUSINESS AND FINANCIAL NEWS AUCKLAND AIRPORT - Singapore Changi Airport Company's move to buy 7% shareholding in AK International Airport seen as first step to building bigger stake. AK Airport chief exec John Goulter thinks it's start of long commercial friendship. (Gyles Beckford) OTTER GOLD - GPG tells Otter Gold not to tamper with its near 20% shareholding, writes to board and acting chair Tony Frankham reminding them of High Court order preventing them from taking action involving GPG's shares. Warning follows Otter Gold's board appointment of advisors in continuing battle with GPG, with one option being mooted that buyer for GPG's shares be found. (Gyles Beckford) FINANCE/MARKETS Y2K COMPLIANCE appears to be having spin-offs for business. Chair of Y2K Readiness Commission Basil Logan explains how advantageous exercise has been for companies. (Helen Matterson) OIL PRICES RISE, sitting around 9 year highs after several key producers agree to maintain production quotas at least until end of March next year. Prices for barrel reach $US25, highest since January 1991 when Iraq was expelled from Kuwait. Longer term, some analysts see reasonable fall in oil price coming. I/v with London-based Mehdi Varsi, of Dresdner Kleinwort Benson. (Gyles Beckford) OIL PRICE/BANKS - rise in oil prices and shock it's starting to bring to western industrialised economies starting to confront central banks. Comment from New York economist Ethan Harris of Lehmann Brothers. BUSINESS BRIEFS
0700 INTRO/NEWS CONTACT ENERGY PAYOUT - Labour's Energy spokesman Pete Hodgson claims Contact Energy paid more than $2 million to chief exec Paul Anthony to buy him out of "illegible parachute" clause in contract negotiated when company still owned by illegible. National Party accuses Labour of gross dishonesty over claim that Contact Energy deliberately delayed revealing payout to avoid embarrassing govt before the election. Live i/v with Pete Hodgson; live i/v with Lockwood Smith, minister responsible for Contact Energy before it was privatised. ELECTION - TELEVISION DEBATE - first of 2 televised debates between Jenny Shipley and Helen Clark airs on Television One's Holmes show. Political editor Al Morrison assesses the leaders' performances, live. OIL PRICES RISE - Iraq' suspension of exports sends price of crude oil rocketing, raising fears of shortage this Summer. I/v with London-based analyst Mehdi Varsi.(Mng Rpt)
0730 NEWS/WEATHER NZ PAPERS FINANCE UPDATE PETROL PRICES likely to rise by at least 3 cents a litre within next fortnight. NZ oil companies have so far managed to absorb oil price rises but price of crude oil has risen over $US3 a barrel in past month alone. I/v with Greg Larsen, BP NZ managing director. (Mng Rpt) MODIFIED SALMON EGGS - Environmental Risk Management Authority says it's illegible possibility that eggs from genetically modified salmon may have escaped into environment from Marlborough salmon farm owned by King Salmon. GM salmon experiment attracted controversy earlier this year when Green Party released papers indicating some of trial fish may have been deformed. Live i/v with ERMA chief exec Basil Walker. KOSOVO - PRESIDENT CLINTON visits, urges all communities to ensure children never learn ethnic hatreds of the past and says people should not forget injustice wrought by ethnic cleansing policy of Serbian authorities. (BBC) EAST TIMOR - REFUGEES - Bishop Belo calls on refugees not to believe rumours of human rights abuses by Interfet forces and return home. US envoy Richrd Holbrooke helps broker accord with Indonesian military to accelerate repatriation of refugees in West Timor camps. UN administrator David Wimhurst says question now is whether agreement will succeed in bringing refugees home - he's i/ved. ELECTION - TE TAI TOKERAU - live i/v with Māori Issues correspondent Chris Wikaira about the race for the seat, with comment from Labour's candidate Dover Samuels.
0800 NEWS/WEATHER ELECTION - UNCOMMITTED VOTERS - live discussion with Angelina Wilson, Māori student and solo mother from DN, Opunake pharmacist Grant Cavaney, AK marketing manager Adam Jones, and Betty Perkins, farmer's wife and former teacher from Paekakariki near WN. REFERENDA on number of MPs and on violent crime accompany this year's general election voting papers. David Passey looks at the debate about addressing violent crime. Comment from referendum petition organiser Norm Withers, VUW criminologist Warren Young, Scott Optican of AK Univ law faculty, and Kevin Ryan QC. IMMUNISATION - primary school principals concerned about new regulation meaning schools will have to keep track of whether pupils are immunised. Also, leaked document from National Health Committee says schools should actively seek information from parents and actively promote immunisation. (Gael Woods) COOK ISLANDS - GOVERNMENT PERKS - leaked papers show that on last day in office, before falling to vote of no confidence, PM Joe Williams and his 6 ministers met as a cabinet and sold under-valued govt cars to themselves and gave pay rise to official opposition and approved transfer of govt car to opposition office. Live i/v with correspondent Flo Syme Buchanan. faithful cars and pay rises the day before it was voted out of office. PROPERTY VALUATION - NZ Inst of Valuers moves to still fears that drop in values in Tararua District is indication of general downturn in rural areas and a widening of gap between urban and farming communities. Live i/v with Inst general manager Kelvin Cooper. TRAFFIC REPORT
0830 NEWS/WEATHER/SPORTS SOUTH ISLAND REPRESENTATION - some political parties warn South Island voters that reducing number of MPs could mean less parliamentary representation for the south, which already claims to be politically isolated. Comment from DN mayor Sukhi Turner et al. (John MacDonald) PALMERSTON NORTH HOMELESS - growing number of homeless people sleeping rough in city, many are former psychiatric patients or prisoners with nowhere to go. Welfare organisations say number has reached crisis point. (Jill Galloway) INTERNATIONAL PAPERS AFGHANISTAN - BORDER - Taleban declares border with Iran formally re-opened after being closed for more than year, after Taleban accused Tehran of supporting opposition forces. I/v with correspondent Jonathan Hartley, who's just returned from Afghanistan. (Mng Rpt) BRITAIN - LORD ARCHER - Jeffrey Archer's campaign to become mayor of London in tatters after former friend Ted Francis reveals Lord Archer asked him to give false alibi to cover up dinner he'd had with woman he didn't want revealed during libel trial. Police considering criminal charges against Lord Archer for the false alibi. I/v with Max Clifford, celebrity publicist who released details of Ted Francis' revelations. (Mng Rpt) ELLERSLIE FLOWER SHOW opens this morning, organisers expecting more than 70,000 people to attend. I/v with chief exec Vicky Salmon. (Mng Rpt)