7 DECEMBER
NEW ZEALAND GAZETTE
4701

(d) the company maintains net shareholders’ funds of not less than $3,000,000;

(e) the company has completed financial statements within 3 months of each balance date;

(f) the company makes available:

(i) to the Commission, when completed; and

(ii) to clients on request,

a copy of its most recent audited financial statements; and

(g) the company remains a member of the New Zealand Stock Exchange.

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

The common seal of the Securities Commission was hereunto affixed this 5th day of December 1995 before me:

[L.S.]

E. H. ABERNETHY, Chairman.

au8067

The Authorised Futures Dealers Notice 1995 (No. 9)

Pursuant to section 38 of 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 1995 (No. 9).

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

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

“the Act” means the Securities Amendment Act 1988.

(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.

3. BNZ Investment Management Limited authorised to carry on the business of dealing in futures contracts—(1) BNZ Investment Management Limited is hereby authorised to carry on the business of dealing in futures contracts made on or effected through:

(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.

(3) The authorisation of BNZ Investment Management Limited referred to in subclause (1) of this clause is subject to the condition that BNZ Investment Management Limited does not carry on the business of dealing in futures contracts except:

(a) as part of the business of BNZ Investment Management Limited as a funds manager; or

(b) as part of the duties and functions of BNZ Investment Management Limited as a trustee of any managed fund.

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

The common seal of the Securities Commission was hereunto affixed this 5th day of December 1995 before me:

[L.S.]

E. H. ABERNETHY, Chairman.

au8068

The Authorised Futures Dealers Notice 1995 (No. 10)

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 1995 (No. 10).

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

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

“the Act” means the Securities Amendment Act 1988;

“the company” means Southpower 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.

3. Southpower Limited authorised to carry on the business of dealing in futures contracts—(1) The company is authorised to carry on the business of dealing in futures contracts of a specified class, namely, electricity supply hedge contracts:

(2) The authorisation referred to in subclause (1) of this clause is subject to the following conditions:

(a) the company deals in futures contracts on behalf of no person other than a person who is a party to a physical supply contract with Electricity Corporation of New Zealand Limited;

(b) the company ensures that within 3 months after each balance date it completes audited financial statements in respect of that balance date; and

(c) The company makes available:

    (i) to the Commission, when completed; and

    (ii) to clients on request,

    a copy of its most recent audited financial statements; and

(d) the company has undertaken to the Securities Commission that prior to 31 March in each year of the authorisation it will provide to the Securities Commission a written report on all material aspects of the business undertaken by it, pursuant to this authorisation.

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

The common seal of the Securities Commission was hereunto affixed this 5th day of December 1995 before me:

[L.S.]

E. H. ABERNETHY, Chairman.

au8069