3218 NEW ZEALAND GAZETTE No. 130

General

Accounting Standards Review Board

Financial Reporting Act 1993

Notice (No. 12) of Approval of Amendments to Financial Reporting Standard

Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 (“the Act”), that the Accounting Standards Review Board has approved, for the purposes of the Act, the amendments to Financial Reporting Standard No. 26 “Accounting for Defeasance of Debt” submitted to it by the New Zealand Society of Accountants.

The purpose of the amendment was to clarify the standard to ensure that before a debt could be accounted for as extinguished by legal defeasance that it is virtually certain that the debtor will neither be required to assume again the primary obligation nor the secondary obligation.

The amendment to FRS 26 is to take effect in respect of accounting periods and interim accounting periods ending on or after 31 October 1996.

A copy of the amendment and the consequential amendments to the relevant commentary may be purchased from the office of the New Zealand Society of Accountants, 40 Mercer Street (P.O. Box 11-342), Wellington and 27-33 Ohinerau Street (P.O. Box 3334), Remuera, Auckland.

Dated this 17th day of September 1996.

JOHN C. HAGEN, Chairman, Accounting Standards Review Board.

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Agriculture New Zealand Limited

Hop Marketing Regulations 1939

Producers Representatives on the New Zealand Hop Marketing Board

Pursuant to clause 20 of the Schedule to the Hop Marketing Regulations 1939, notice is hereby given that as the number of persons nominated as producers’ representatives to the New Zealand Hop Marketing Board did not exceed the number of vacant positions, I hereby declare

Oldham, David Altie
Inglis, Thomas Elger
Inglis, Kerry Grant
McGlashen, Kimberley Bruce
Drogemuller, Paul Theodore

being the persons duly nominated to be duly elected as producers’ representatives.

Dated this 15th day of September 1996.

MARY C. DODUNSKI, Returning Officer.

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Arts Council of New Zealand

Public Finance Act 1989

Notice of Publication of Annual Report

Pursuant to section 14 of the Public Finance Act 1989, the Arts Council of New Zealand Toi Aotearoa hereby gives notice that it has published its annual report for the year ended 30 June 1996, containing its financial statements, audit report and statement of responsibility for the same period.

Dated this 20th day of September 1996.

BRIAN STEVENSON, Chair, Arts Council of New Zealand Toi Aotearoa.

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Phillips Fox, Solicitors

Public Works Act 1981

Notice of Intention to Take Land for Road—Port and Stafford Streets

To: James Liddle and Thomas Whyte Young, merchants and William Christie, comfactor, all of Wellington, as trustees for the creditors in the estate of Robert Port, a bankrupt of Wellington (address unknown - “the owners”);

And to: Any other person wishing to object to the proposal below.

1. Please note The Wellington City Council (“the council”) proposes to take under section 23 of the Public Works Act 1981, the interest of the owners as registered proprietors of the land described in the Schedule to this notice (“the land”).

2. The land is required for road. The land has been used as road by the public for many years and the council intends this use will continue. The land will continue to be known as Port and Stafford Streets.

3. A plan of the land may be uplifted from Peter Sump, Street Services Manager, Roading Department, Wellington City Council, Fifth Floor, Civic Administration Building, 101 Wakefield Street (P.O. Box 2199), Wellington.

Telephone: (04) 801 3692. Facsimile: (04) 801 3018.

Reasons for Taking Land

4. The council considers it essential to take the owners’ interest in the land because it has been used by the public as road for many years. The council has maintained the land as public road in the past. It is in the public interest for the land to be acquired for road to ensure continued public access to the land.

Right to Object

5. The owners’ interest in the land has not yet been taken.

6. The owners and any other person have a right to object to the taking of the owners’ interest in the land.

7. Any owner or other person wishing to object must send a written objection to the Registrar, Environment Court, Department for Courts, P.O. Box 5027, Wellington, on or before the 24th day of October 1996.

8. If an objection is made, a public hearing of the objection will be held.