1Rebel Labour MP Jim Anderton hs tonight released an alternative to the the Government's Budget.

2A director of the failed company Registered Securities Limited (RSL) claims everyone will get their money back unless there is a fire sale. However, the liquidator will give no such assurance. The role played by politicians in the RSL saga is causing some controversy. Both Justice Minister Geoffrey Palmer and Opposition leader Jim Bolger have been criticised for comments they have made about the company's credibility.

3The Miami Drug Squad has broken what it claims is the world's largest drug smuggling ring.

4Another Labour Department scheme is under investigation following claims that the Group Employment Liaison Scheme is being abused, with Mongrel Mob gang members protesting outside Paremoremo Prison using a departmental car and petrol credit card.

5Government plans to abolish the Department of Maori Affairs have been roundly criticised by individuals and organisations in public submissions.

6Four young violent offenders have completed a grueling fundraising trek from Picton to Auckland, raising $60,000 for Telethon. They say the experience has changed them and their attitude.

7Businessman Sir Ron Brierley has confirmed he is interested in buying the Bank of New Zealand (BNZ).

8More than 100 people had to be evacuated from one of Sydney's inner city suburbs this morning sue to flooding following a burst water main.

9Iran's Foreign Secretary has held his first talks with the United Nations (UN) Secretary General Perez de Cuellar.

10The Shroud of Turin is undergoing tests in England to determine whether or not it is genuine. Catholics believe the body of Christ was wrapped in the shroud following his crucifixion and the face on the shroud is that of Jesus Christ.

11The third television channel expects to be on air in May 1989 following an agreement between TV3 and the Broadcasting Corporation (BCNZ) over frequencies.

12A day after a New York judge ruled the America's Cup challenge must proceed in September, the San Diego Yacht Club have been flaunting their high speed catamaran on the water.