7 APRIL

NEW ZEALAND GAZETTE

The Overseas Investment Exemption Notice 1994 No. 3

Pursuant to the Overseas Investment Regulations 1985, the Overseas Investment Commission hereby gives the following notice.

Notice

1. Title and commencement—(1) This notice may be cited as the Overseas Investment Exemption Notice 1994 No. 3.

(2) This notice shall come into force on the day after the date of its notification in the New Zealand Gazette.

2. Interpretation—(1) In this notice, unless the context otherwise requires,

“Specified person” means any company which is an overseas person or which would not be an overseas person if Wrightson Limited were not an overseas person:

“The regulations” means the Overseas Investment Regulations 1985.

(2) Terms or expression used in this notice shall have the same meaning as they have in the regulations.

3. Exemption from Part I of the Regulations—(1) Every person is exempt from the provisions of Part I of the regulations in respect of the issue of shares to, or the allotment of shares subscribed for by—

(a) A specified person; or

(b) Wrightson Limited.

(2) Every person is exempt from the provisions of regulation 16 of the regulations in respect of the provision of any contract or agreement which provides for the transfer of shares in a company to—

(a) A specified person; or

(b) Wrightson Limited.

Dated this 30th day of March 1994.

For and on behalf of the Overseas Investment Commission.

R. W. STANNARD, Chairman.

Explanatory Note

This note is not part of the notice, but is intended to indicate its general effect.

This notice, which comes into force on the day after the date of its notification in the New Zealand Gazette, exempts persons who issue or allot shares to any specified person, or to Wrightson Limited from Part I of the Overseas Investment Regulations 1985. The term ‘specified person’ is defined to mean a company which is an overseas person under the regulations but which would not be an overseas person if Wrightson Limited were not an overseas person.

The notice also exempts Wrightson Limited and specified persons from the requirement of Part I of the regulations in relation to the issue or allotment of shares to overseas persons where that issue or allotment is made instead of the payment of dividends in cash.

The notice exempts Wrightson Limited and specified persons from the requirements of Part II (except regulation 16 of the regulations which relates to takeovers by overseas persons) and from Part III of the regulations (which relates to the acquisition by an overseas person of assets used in carrying on a business).

The notice also exempts persons from compliance with regulation 16 in relation to any contract or agreement which provides for the transfer of shares in a company to a specified person or to Wrightson Limited.

Land Notices

Conservation

Conservation Act 1987

Declaring Land to be Held for Conservation Purposes

Pursuant to section 7 (1) of the Conservation Act 1987, the Minister of Conservation and the Minister of Lands, being the Minister responsible for the Department of State, that has control of the land described in the Schedule hereto, jointly declare that the land is held for conservation purposes.

Schedule

Nelson Land District—Tasman District

2,2258 hectares, more or less, being Sections 2, 3 and 4, S.O. Plan 15114, situated in Blocks V and IX, Waitapu Survey District.

Dated at Wellington this 24th day of March 1994.

DENIS MARSHALL, Minister of Conservation.

DENIS MARSHALL, Minister of Lands.

(CO RES:138)

INZ694

Land Act 1948

Reservation of Land

Pursuant to section 167 of the Land Act 1948, the Minister of Conservation, with the consent of the Minister of Lands, hereby sets apart the land described in the Schedule hereto, as a local purpose (water conservation) reserve, subject to the provisions of section 22 of the Reserves Act 1977.

Schedule

Nelson Land District—Tasman District

2.2257 hectares, more or less, being Section 1, S.O. Plan 15114, situated in Block VIII, Waitapu Survey District.

Dated at Wellington this 29th day of March 1994.