21 DECEMBER NEW ZEALAND GAZETTE 4467

Allocation of risk

• That the technical and commercial risks inherent in operating the transmission system should be allocated where they are most efficiently and effectively managed.

Revocation

The statement of Government policy entitled “Statement to the Commerce Commission of the Economic Policy of the Government: Electricity Transmission” transmitted by me on 6 October 1993 and published in the New Zealand Gazette of 14 October 1993 at pages 3004–3005 is hereby revoked.

¹ Conversely, asset values can increase under the ODV methodology, in which case charges to recover sunk costs may increase correspondingly.

Signed at Wellington this 20th day of December 1994.

PHILIP BURDON, Minister of Commerce.

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Crown Minerals Act 1991

Notification of Issue of Minerals Programme for Petroleum

Pursuant to section 19 of the Crown Minerals Act 1991, I hereby give notice that the Governor-General by Order in Council dated 19 December 1994 has issued the Minerals Programme for Petroleum with the Programme to take effect from 1 January 1995.

The Minerals Programme may be inspected during normal business hours at:

Ministry of Commerce library, Ministry of Commerce Building, 33 Bowen Street, Wellington;

Ministry of Commerce, Mining Inspection Office, 135 Kolmar Road, Papatoetoe, Auckland;

Ministry of Commerce, Mining Inspection Office, NML Building, The Octagon, Dunedin;

The Offices of the Taranaki Regional Council, Cloton Road, Stratford; and

The Offices of the Canterbury Regional Council, 58 Kilmore Street, Christchurch.

Copies of the Programme may be purchased from Bennetts Bookshop outlets or the Ministry of Commerce, Crown Minerals Operations Group, after 20 January 1995.

Further information can be obtained from the Ministry of Commerce, Wellington, telephone (04) 472 0030.

Dated at Wellington this 20th day of December 1994.

DOUG KIDD, Minister of Energy.

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Letters Patent

Approving Amendments of the Bylaws of the Australasian Institute of Mining and Metallurgy

CATHERINE A. TIZARD, Governor-General

ORDER IN COUNCIL

At Wellington this 19th day of December 1994

Present:

THE HON. DOUG KIDD PRESIDING IN COUNCIL

Whereas by Letters Patent of Her Majesty The Queen, dated the 16th day of September 1955, the Australasian Institute of Mining and Metallurgy (hereinafter called the Institute) was, by Charter passed under the Great Seal, established, created, and incorporated into a body corporate and public: And whereas by clause 15 of the said Charter it is provided that the majority of the corporate members present in person or by proxy and voting at a general meeting of the Institute specially called for the purpose of which due notice has been given shall have power from time to time to make such bylaws as shall seem requisite and convenient for the regulation, government, and advantage of the Institute its members and property and for the furtherance of its objects and purposes, and from time to time to revoke, alter, or amend any bylaw or bylaws previously made but so that the same be not repugnant to the Charter or to the laws and Statutes of Australia and New Zealand or any State or territory thereof: And whereas it is further provided by clause 15 of the said Charter that no such bylaws, revocation, alteration, or amendment shall take effect until approved by the Governors-General in Council of Australia and New Zealand: And whereas certain bylaws were made in accordance with the provisions of the said Charter on the 30th day of November 1956 and were approved, as required by the Charter, on the 25th day of September 1957: And whereas the said bylaws subsequently have been amended from time to time in accordance with the provisions of the said Charter and the amendments approved, as required by the Charter: And whereas the said bylaws as so amended were further amended in accordance with the provisions of the said Charter by resolution of a general meeting of the Institute specially called for the purpose of which due notice had been given and held on the 22nd day of June 1994.

Now therefore, Her Excellency the Governor-General of New Zealand, acting by and with the advice and consent of the Executive Council, hereby approves the said further amendments of the bylaws of the Institute as set out under each respective heading in the Schedule hereto.

Schedule

Bylaw 11—MEMBER—Every candidate for election of transfer to this grade shall—

(a) satisfy the Council that the candidate shall: EITHER have a tertiary degree or equivalent approved by the Council; OR produce evidence satisfactory to the Council that such degree or other qualification the candidate may possess is equivalent to a degree approved by the Council; and

(b) have been engaged in the minerals and extractive industries or in government, educational, research, professional or commercial organisations directly concerned with those industries in a capacity related to the candidate’s area of tertiary study for a period of not less than three years subsequent to the award of the degree or to the acquiring of such other qualification as may be accepted by the Council as equivalent, provided that the candidate has in the specified three years attained a position of professional responsibility. In the case of a three year degree or equivalent, the required length of experience is four years.

Any candidate may be required to pass an examination before a board of examiners appointed by the Council.

Notwithstanding anything to the contrary, a candidate who has obtained a degree or equivalent by part-time study over an extended period and who has attained a position of professional responsibility before completing the educational requirements for membership, may be admitted at the discretion of Council after a shorter period than the specified time.