1The Government is contributing $20 million towards a new Maori development bank. known as the Maori Resource Development Corporation (MRDC).

2New Zealand diplomats are moving quickly to head off an international backlash against New Zealand over sporting contacts with South Africa. A group of Surf Lifesavers, travelling without the blessing of their Association, have left en route to South Africa.

3Angry Otautau residents confronted Cabinet Ministers Peter Tapsell and Fraser Colman, when they visited their flood hit town this afternoon. Some have had their homes flooded three times in nine years.

4Survivors and relatives of the victims of the English Channel ferry disaster today held a memorial service at sea, amid speculation that the death toll could be far worse than expected.

5Headline News 1. The Soviet Union has conducted its second nuclear test since the end of the moratorium 2. Proposed New Zealand based regional television service for the South Pacific looks likely to be shelved 3. Opposition Finance spokesman George Gair says New York investment houses are providing facilities for overseas investors to cash in on New Zealand's high interest rates

6Right wing National Party backbenchers say they have the numbers to swing the party's economic policy away from the managed float of the New Zealand dollar wanted by Sir Robert Muldoon. National Party leader Jim Bolger will not be drawn on when the party will announce its economic policy, nor will he speculate on it. It seems increasingly obvious that the National Party remains very split over whether to completely abandon 'Muldoonism'.

7New Zealand's largest share float, the $180 million Bank of New Zealand (BNZ) float, has closed today, substantially oversubscribed. A background of the float, followed by an interview with the Chairman of the BNZ.

8One-time New Zealand cancer therapist Milan Brych about to set up a clinic to treat cancer patients in Europe, according to New Zealand and American sources.

9Aftershocks continue to hit Whakatane and nearby towns,ten days after the 6.2 earthquake that caused millions of dollars worth of damage throughout the Bay of Plenty. A look at how the region's children, in particular, have been affected by the trauma of the earthquakes.

10Worldwatch The United States House of Representatives has blocked President Ronald Reagan's plans to give another $40 million worth of aid to Nicaragua's Contra rebels. A look at the impact of Congress' decision on Contra aid on United States aid to Honduras. What use is such aid to the people of Honduras?

11Worldwatch Profile of Mickey Gurdus, a foreign correspondent with an enviable reputation for getting the news first and getting it right. He gets his information by eavesdropping on the world's private airwaves.

12Worldwatch Peace talks between the Soviet-backed Afghanistan Government and neighbouring Pakistan resumed two weeks ago and are reported to have made some progress on the gradual withdrawal of Soviet troops from Afghanistan. However, in the meantime the fighting continues.

13Worldwatch The Soviet Union is working hard to change its international image. A look at the new spokesmen for the Soviet Union - young sophisticates with a youthful image. Three American political consultants offer their interpretation of the Soviet Union's international charm-offensive.

14Worldwatch United States President Ronald Reagan appears to have found a new way of avoiding unwelcome questions about the Iran-Contra affair, claiming to have lost his voice.