2640 NEW ZEALAND GAZETTE No. 86

issuer in respect of which the company is appointed as a statutory supervisor;

(c) That neither State Street New Zealand Limited nor any member, director, officer or employee of it at any time controls or has the right to control, directly or indirectly, the management of any issuer in respect of which the company is appointed as a statutory supervisor otherwise than in connection with the performance of its functions and powers;

(d) That neither State Street New Zealand Limited nor any member, director, officer or employee of it holds any relevant interest (as that term is defined in section 5 of the Securities Amendment Act 1988) in participatory securities of any issuer in respect of which the company is appointed as a statutory supervisor;

(e) That no relationship exists at any time between State Street New Zealand Limited or any member, director, officer or employee of it and any issuer of securities in respect of which the company is appointed as a statutory supervisor that affects or is likely to affect the ability of the company to perform its functions and powers as statutory supervisor;

(f) That while State Street New Zealand Limited holds office as statutory supervisor, adequate professional indemnity insurance is maintained in respect of the exercise of its functions and powers as statutory supervisor.

Dated at Wellington this 17th day of August 1994.

[L.S.]

The common seal of the Securities Commission was hereunto affixed in the presence of:

P. D. McKENZIE, Chairman.

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The Authorised Futures Dealers Notice 1994 (No. 11)

Pursuant to the Securities Amendment Act 1988, the Securities Commission gives the following notice.

Notice

1. Title and commencement—(1) This notice may be cited as the Authorised Futures Dealers Notice 1994 (No. 11).

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

II. Interpretation

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

“the Act” means the Securities Amendment Act 1988;

“the Exchange” means New Zealand Futures and Options Exchange Limited.

(2) Any term or expression that is not defined in this notice, but that is defined in the Act, has the meaning given to it by the Act.

III. Deutsche Bank Aktiengesellschaft and Fay, Richwhite Financial Services Limited authorised to carry on business of dealing in futures contracts

(1) Deutsche Bank Aktiengesellschaft and Fay, Richwhite Financial Services Limited are authorised to carry on the business of dealing in futures contracts—

(a) An authorised futures exchange; or

(b) A futures exchange in a country other than New Zealand which is authorised by the laws of that country to operate as a futures exchange.

(2) The authorisation of each of Deutsche Bank Aktiengesellschaft and Fay, Richwhite Financial Services Limited—

(a) is a public broker within the meaning of the Rules of the Exchange; and

(b) has undertaken to the Commission to be bound by the Rules of the Exchange.

(3) The authorisation granted by subclause (1) of this clause shall continue in force until it is revoked by the Commission.

Dated at Wellington this 19th day of August 1994.

The Common Seal of the Securities Commission was hereunto affixed in the presence of:

[L.S.]

P. D. McKENZIE, Chairman.

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Notice of Approval of Ian Gordon Stuart Donald to Act as a Statutory Supervisor

Pursuant to the Securities Act 1978, the Securities Commission hereby approves Ian Gordon Stuart Donald, chartered accountant of Palmerston North, to act as a statutory supervisor, for the purposes of the Securities Act 1978, in respect of all participatory securities in the form of shares in the Beehive Creek Forestry Partnership (“the partnership”) on the following terms and conditions:

(a) That the approval shall expire at the end of 5 years from the date of this notice;

(b) That Ian Gordon Stuart Donald does not while holding office as statutory supervisor, hold any appointment (including appointment as auditor) with John Douglas Barclay or John Clement Culling or in the partnership;

(c) That Ian Gordon Stuart Donald is not, while holding office as statutory supervisor, an employee of John Douglas Barclay or John Clement Culling or in the partnership;

(d) That Ian Gordon Stuart Donald does not, while holding office as statutory supervisor, control or have any right to control directly or indirectly, the management or affairs of John Douglas Barclay or John Clement Culling or in the partnership;

(e) That while Ian Gordon Stuart Donald holds office as statutory supervisor, no relationship exists between him, John Douglas Barclay or John Clement Culling and the partnership, affects or is likely to affect adversely the exercise of his functions and powers as statutory supervisor;

(f) That while Ian Gordon Stuart Donald holds office as statutory supervisor, he maintains professional indemnity insurance in respect of the exercise of his functions and powers as statutory supervisor, which he regards as adequate on the basis of independent expert advice.

Dated at Wellington this 19th day of August 1994.

[L.S.]

The common seal of the Securities Commission was hereunto affixed in the presence of:

P. D. McKENZIE, Chairman.

au6294