Wellington in the context of "Wind speed"

New Zealand is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island (Te Ika-a-Māui) and the South Island (Te Waipounamu)—and over 600 smaller islands. It is the sixth-largest island country by area and lies east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps (Kā Tiritiri o te Moana), owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland.

The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and subsequently developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1769 the British explorer Captain James Cook became the first European to set foot on and map New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs signed the Treaty of Waitangi, which paved the way for Britain's declaration of sovereignty later that year and the establishment of the Crown Colony of New Zealand in 1841. Subsequently, a series of conflicts between the colonial government and Māori tribes resulted in the alienation and confiscation of large amounts of Māori land. New Zealand became a dominion in 1907; it gained full statutory independence in 1947, retaining the monarch as head of state. Today, the majority of New Zealand's population of around 5.3 million is of European descent; the indigenous Māori are the largest minority, followed by Asians and Pasifika. Reflecting this, New Zealand's culture mainly derives from Māori and early British settlers but has recently broadened from increased immigration. The official languages are English, Māori, and New Zealand Sign Language, with the local dialect of English being dominant.

In public finance, a lender of last resort (LOLR) is a financial entity, generally a central bank, that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other facilities or such sources have been exhausted. It is, in effect, a government guarantee to provide liquidity to financial institutions. Since the beginning of the 20th century, most central banks have been providers of lender of last resort facilities, and their functions usually also include ensuring liquidity in the international markets in general.

The objective is to prevent economic disruption as a result of financial panics and bank runs spreading from one bank to the others due to a lack of liquidity in the first one.

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, and pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation.

The stated rationale for deregulation is often that fewer and simpler regulations will lead to raised levels of competitiveness, therefore higher productivity, more efficiency and lower prices overall. Opposition to deregulation may involve apprehension regarding environmental pollution and environmental quality standards (such as the removal of regulations on hazardous materials), financial uncertainty, and constraining monopolies.

The North Island (Māori: Te Ika-a-Māui [tɛ i.kɐ ɐ mɑː.ʉ.i], lit. 'the fish of Māui', historically New Ulster) is one of the two main islands of New Zealand, separated from the larger but less populous South Island by Cook Strait. With an area of 113,729 km (43,911 sq mi), it is the world's 14th-largest island, constituting 43% of New Zealand's land area. It has a population of 4,067,400 (June 2025), which is 76% of New Zealand's residents, making it the most populous island in Polynesia and the 28th-most-populous island in the world.

Twelve main urban areas are in the North Island. From north to south, they are Whangārei, Auckland, Hamilton, Tauranga, Rotorua, Gisborne, New Plymouth, Napier, Hastings, Whanganui, Palmerston North, and New Zealand's capital city Wellington, which is located at the south-west tip of the island.

The capital of New Zealand has been Wellington since 1865. New Zealand's first capital was Old Russell (Okiato), in 1840–1841. Auckland was the second capital, from 1841 to 1865. Parliament was permanently moved to Wellington after an argument that persisted for a decade. As the members of parliament could not agree on the location of a more central capital, Wellington was decided on by three Australian commissioners.

The Colony of New Zealand was a colony of the United Kingdom from 1841 to 1907. British authority was vested in a governor. The colony had three successive capitals: Okiato (or Old Russell) in 1841; Auckland from 1841 to 1865; and Wellington from 1865. Following the New Zealand Constitution Act 1852, the colony became a Crown colony with its first elected parliament in 1853. Responsible self-government was established in 1856 with the governor required to act on the advice of his ministers. In 1907, the colony became the Dominion of New Zealand.

The Wairarapa (/ˌwaɪrəˈræpə/; Māori pronunciation: [ˈwaiɾaɾapa]) is a geographical region of New Zealand located in the south-eastern corner of the North Island, east of metropolitan Wellington and south-west of the Hawke's Bay Region. It is lightly populated, having several rural service towns, with Masterton being the largest. It is named after its largest lake, Lake Wairarapa.

The region is referred to as The Wairarapa, particularly when used after a preposition (e.g., locals will say they live "in the Wairarapa", and travel "to" and "from the Wairarapa").

The New Zealand Parliament (Māori: Pāremata Aotearoa) is the unicameral legislature of New Zealand, consisting of the monarch (represented by the governor-general) and the New Zealand House of Representatives. It was established in 1854 and is one of the oldest continuously functioning legislatures in the world. It was bicameral until the abolition of the New Zealand Legislative Council at the end of 1950. Parliament's seat, the capital of New Zealand, has been Wellington since 1865. It has met in its current building, Parliament House, since 1922.

The House of Representatives normally consists of 120 members of Parliament (MPs), though sometimes more due to overhang seats. There are 72 MPs elected directly in electorates while the remainder of seats are assigned to list MPs based on each party's share of the total party vote. Māori were represented in Parliament from 1867, and in 1893 women gained the vote. Although elections can be called early, every three years Parliament is dissolved and goes up for reelection.

Cook Strait (Māori: Te Moana-o-Raukawa, lit. 'The Sea of Raukawa') is a strait that separates the North and South Islands of New Zealand. The strait connects the Tasman Sea on the northwest with the South Pacific Ocean on the southeast. It is 22 kilometres (14 mi) wide at its narrowest point, and has been described as "one of the most dangerous and unpredictable waters in the world". Regular ferry services run across the strait between Picton in the Marlborough Sounds and Wellington.

The strait is named after James Cook, the first European commander to sail through it, in 1770. The waters of Cook Strait are dominated by strong tidal flows. The tidal flow through Cook Strait is unusual in that the tidal elevation at the ends of the strait are almost exactly out of phase with one another, so high water on one side meets low water on the other. A number of ships have been wrecked in Cook Strait with significant loss of life, such as the Maria in 1851, the City of Dunedin in 1865, the St Vincent in 1869, the Lastingham in 1884, SS Penguin in 1909 and TEV Wahine in 1968.