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970 _#_Legal system: British and local statutes _#_National holiday: Waitangi Day (Treaty of Waitangi established British sovereignty over New Zealand), 6 February (1840) _#_Executive branch: administrator (appointed by the Minister of Foreign Affairs in New Zealand), official secretary _#_Legislative branch: Council of Elders (Taupulega) on each atoll _#_Judicial branch: High Court in Niue, Supreme Court in New Zealand _#_Leaders: Chief of State--Queen ELIZABETH II (since 6 February 1952); Head of Government--Administrator Neil WALTER; Official Secretary M. NORRISH, Office of Tokelau Affairs _#_Suffrage: NA _#_Elections: NA _#_Communists: probably none _#_Member of: SPC _#_Diplomatic representation: none (territory of New Zealand) _#_Flag: the flag of New Zealand is used _*_Economy _#_Overview: Tokelau's small size, isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people must rely on aid from New Zealand to maintain public services, annual aid being substantially greater than GDP. The principal sources of revenue come from sales of copra, postage stamps, souvenir coins, and handicrafts. Money is also remitted to families from relatives in New Zealand. _#_GDP: $1.4 million, per capita $800; real growth rate NA% (1988 est.) _#_Inflation rate (consumer prices): NA% _#_Unemployment rate: NA% _#_Budget: revenues $430,830; expenditures $2.8 million, including capital expenditures of $37,300 (FY87) _#_Exports: $98,000 (f.o.b., 1983); commodities--stamps, copra, handicrafts; partners--NZ _#_Imports: $323,400 (c.i.f., 1983); commodities--foodstuffs, building materials, fuel; partners--NZ _#_External debt: none _#_Industrial production: growth rate NA% _#_Electricity: 200 kW capacity; 300,000 kWh produced, 180 kWh per capita (1990) _#_Industries: small-scale enterprises for copra production, wood work, plaited craft goods; stamps, coins; fishing _#_Agriculture: coconuts, copra; basic subsistence crops--breadfruit, papaya, bananas; pigs, poultry, goats _#_Economic aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $24 million _#_Currency: New Zealand dollar (plural--dollars); 1 New Zealand dollar (NZ$) = 100 cents _#_Exchange rates: New Zealand dollars (NZ$) per US$1--1.6798 (January 1991), 1.6750
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