1There appears to be a major constitutional and financial crisis facing New Zealand tonight. Details have been infolding over the past couple of hours. The Reserve Bank has suspended foreign exchange dealings to stop the flow of money out of New Zealand. Prime Minister elect David Lange talked to Sir Robert Muldoon today, but they could not agree on what course of action to follow.
2Newly elected National MP Doug Graham has questioned Sir Robert Muldoon's continued leadership of the National Party. However, Lady Thea Muldoon has suggested that new MPs need her husband's political experience to guide them in Opposition.
3Australia, New Zealand, United States Security Treaty (ANZUS) Foreign MInisters met in Wellington today. However, the newly elected Labour Government's anti-nuclear policies were not discussed.
4Heavy snow has blanketed both the North and South Islands today.
5United States Democrats are gathering in San Francisco for their annual convention, at which they are expected to nominate Walter Mondale as their party's candidate to challenge President Ronald Reagan for the Presidency.