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New Zealand Gazette – 1990 – No. 213

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✨ Finance and Transport Notices

4588 NEW ZEALAND GAZETTE No. 213

Richards Driving Academy Hazardous Substances Course conducted by Richards Driving Academy, as the organisation.

Signed at Wellington this 4th day of December 1990.

J. B. TOOMATH, Manager, Safety Standards.

(File: 16/6/1/5)

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Treasury

Public Finance Act 1989

Notice of Indemnity Given Pursuant to Section 59 of the Public Finance Act 1989—DFC Loan

The following statement is made pursuant to section 59 (2) of the Public Finance Act 1989.

On 9 October 1990, the Minister of Finance gave an indemnity to the Reserve Bank of New Zealand with respect to any losses it may suffer in relation to a standby facility and a term loan facility to DFC New Zealand Limited (in statutory management). The maximum contingent liability of the Crown is $205 million plus 3 months interest.

Dated at Wellington this 15th day of November 1990.

RUTH MARGARET RICHARDSON, Minister of Finance.

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Notice of Guarantees Given Pursuant to Section 59 of the Public Finance Act 1989

The following statement is made pursuant to section 59 (2) of the Public Finance Act 1989.

On the various dates listed below the Minister of Finance gave guarantees of various loan and swap facilities of the New Zealand Railways Corporation (the “Corporation”) in favour of the several financial institutions listed.

These guarantees were given as consideration for the financial institutions agreeing to amend their facilities permitting a restructuring of the Corporation pursuant to the New Zealand Railways Restructuring Act 1990.

Date	Facility	Financial Institution	Amount Guaranteed
15/8/90	Loan	The Nippon Credit Bank, Ltd.	Principal of Yen 6,285 billion and interest
15/8/90	Swap	The Nippon Credit Bank, Ltd.	Annual payments of approximately USD 5 million
26/2/90	Loan	Nippon Life Insurance Company, Ltd and The Nippon Credit Bank, Ltd.	Principal of Yen 5 billion and interest
17/8/90	Loan	The Industrial Bank of Japan, Ltd., The Chuo Trust & Banking Company, Ltd., The Mitsui Trust & Banking Company, Ltd., The Fuji Bank, Ltd., The Hokuriku Bank, Ltd., The Hyakujushi Bank, Ltd., The Chugoku Bank, Ltd.	Principal of USD 50 million and interest
17/8/90	Loan	Dai-ichi Mutual Life Insurance Company, Ltd., The Industrial Bank of Japan, Ltd., The Meiji Mutual Life Insurance Company, The Mitsui Trust & Banking Corporation, Nippon Life Insurance Company, Sumitomo Life Insurance Company, The Sumitomo Trust & Banking, Ltd., The Yasuda Trust & Banking Company, Ltd.	Principal of Yen 4 billion and interest
15/8/90	Loan	All bond holders. Yasuda Trust & Banking Company, Ltd. as principal paying agent	Yen 5 billion principal and interest
17/8/90	Loan	Japan Leasing Corporation and Mitsui Leasing & Development Ltd.	Principal of Yen 2.6 billion and interest
23/5/90	Loan	Banque Bruxelles Lambert S.A.	Principal of USD 10 million and interest (now repaid)
30/10/90	Loan	Lloyds Bank International Ltd.	Principal of USD 20 million and interest
28/5/90	Loan	Swiss Bank Corporation	Principal of SwF 25 million and interest
28/6/90	Swap	Societe Generale Australia Limited	Annual payments of NZD 8,250 million
30/10/90	Loan	Banque Indosuez New Zealand Limited	Redemption of NZD 20 million in preference shares and dividends

Dated at Wellington this 15th day of November 1990.

RUTH MARGARET RICHARDSON, Minister of Finance.

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Wellington Airport Act 1990

Notice Given to Wellington City Council Pursuant to Section 11 (1) of the Wellington Airport Act 1990—Airport Reserves

Ruth Margaret Richardson, Minister of Finance, by this notice given pursuant to section 11 (1) of the Wellington Airport Act 1990, require the Wellington City Council to pay to the Crown and to the Council the amount of ten million dollars ($10,000,000) from the airport reserves (as defined in the Wellington Airport Act 1990) such that sixty-six percent (66%) being $6,600,000 shall be paid to the Crown and thirty-four percent (34%) being $3,400,000 shall be paid to the Council on or before 19 December 1990. The Council shall pay interest at the rate of sixteen percent (16%) to the Crown on the whole or any part of the amount payable to the Crown which is not paid on or before 19 December 1990 for such period as that amount remains outstanding.

Dated at Wellington this 20th day of November 1990.

RUTH MARGARET RICHARDSON, Minister of Finance.

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VUW Te Waharoa — NZ Gazette 1990, No 213

NZLII — NZ Gazette 1990, No 213

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🚂 Approval of Hazardous Substances Courses (continued from previous page)

Domain🚂 Transport & Communications
Dated4 December 1990
KeywordsTransport (Vehicle and Driver Registration and Licensing) Act 1986, Hazardous Substances Courses
👩‍💼 Officials

J. B. Toomath, Manager, Safety Standards

💰 Indemnity for DFC Loan

Domain💰 Finance & Revenue
Dated15 November 1990
KeywordsPublic Finance Act 1989, Indemnity, DFC New Zealand Limited, Reserve Bank of New Zealand
👩‍💼 Officials

Ruth Margaret Richardson, Minister of Finance

💰 Guarantees for New Zealand Railways Corporation

Domain💰 Finance & Revenue
Dated15 November 1990
KeywordsPublic Finance Act 1989, Guarantees, New Zealand Railways Corporation, Financial Institutions
👩‍💼 Officials

Ruth Margaret Richardson, Minister of Finance

💰 Payment from Airport Reserves

Domain💰 Finance & Revenue
Dated20 November 1990
KeywordsWellington Airport Act 1990, Airport Reserves, Wellington City Council
👩‍💼 Officials

Ruth Margaret Richardson, Minister of Finance

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