15 AUGUST
NEW ZEALAND GAZETTE
2267

The common seal of the Securities Commission was
hereunto affixed in the presence of:
E. H. ABERNETHY, Chairman.
au5223

Notice of Approval of to Act as a Trustee Under
Section 48 of the Securities Act 1978

Pursuant to section 48 of the Securities Act 1978, the
Securities Commission approves Covenant Trustee
Company to act as a trustee, for the purposes of the
Securities Act 1978, in respect of debt securities to be
offered to the public for subscription. The approval is given
subject to the following terms and conditions:

(a) That neither Covenant Trustee Company nor any
member, director, officer or employee of it is at any
time a member of any issuer in respect of which the
company is appointed as a trustee;

(b) That no person who is a member of Covenant Trustee
Company at any time holds any office or appointment
(including appointment as auditor) in any issuer in
respect of which the company is appointed as a
trustee;

(c) That neither Covenant Trustee Company 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 trustee
otherwise than in connection with the performance of
its functions and powers;

(d) That neither Covenant Trustee Company nor any
member, director, officer or employee holds any
beneficial interest in debt securities of any issuer in
respect of which the company is appointed as a
trustee;

(e) That no relationship exists at any time between
Covenant Trustee Company or any member, director,
officer or employee, and any issuer of securities in
respect of which the company is appointed as a trustee
that affects or is likely to affect the ability of the
company to perform its functions and powers as
trustee;

(f) That while Covenant Trustee Company holds office
as trustee satisfactory professional indemnity
insurance is maintained in respect of the exercise of its
functions and powers as trustee.

The approval of Covenant Trustee Company to act as
trustee dated 8 September 1988, is hereby revoked.

Dated at Wellington this 13th day of August 1996.

[L.S.]

The common seal of the Securities Commission was
hereunto affixed in the presence of:
E. H. ABERNETHY, Chairman.
au5224

Notice of Approval of to Act as a Trustee Under
Section 48 of the Securities Act 1978

Pursuant to section 48 of the Securities Act 1978, the
Securities Commission approves Spicer & Oppenheim Trustee Company Limited to act as a trustee, for the
purposes of the Securities Act 1978, in respect of debt
securities to be offered to the public for subscription. The
approval is given subject to the following terms and
conditions:

(a) That neither Spicer & Oppenheim Trustee Company
Limited nor any member, director, officer or employee
of it is at any time a member of any issuer in respect
of which the company is appointed as a trustee;

(b) That no person who is a member of Spicer &
Oppenheim Trustee Company Limited at any time
holds any office or appointment (including
appointment as auditor) in any issuer in respect of
which the company is appointed as a trustee;

(c) That neither Spicer & Oppenheim Trustee Company
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 trustee
otherwise than in connection with the performance of
its functions and powers;

(d) That neither Spicer & Oppenheim Trustee Company
Limited nor any member, director, officer or employee
holds any debt securities of any issuer in respect of
which the company is appointed as a trustee;

(e) That no relationship exists at any time between
Spicer & Oppenheim Trustee Company Limited or any
member, director, officer or employee, and any
issuer of securities in respect of which the company
is appointed as a trustee that affects or is likely to
affect the ability of the company to perform its
functions and powers as trustee;

(f) That while Spicer & Oppenheim Trustee Company
Limited holds office as trustee satisfactory
professional indemnity insurance is maintained in
respect of the exercise of its functions and powers as
trustee.

The approval of Spicer & Oppenheim Trustee Company
Limited to act as trustee dated 17 September 1987, is
hereby revoked.

Dated at Wellington this 13th day of August 1996.

[L.S.]

The common seal of the Securities Commission was
hereunto affixed in the presence of:
E. H. ABERNETHY, Chairman.
au5225

Notice of Approval of to Act as a Trustee Under
Section 48 of the Securities Act 1978

Pursuant to section 48 of the Securities Act 1978, the
Securities Commission approves State Street New Zealand
Limited (“State Street”) to act as a trustee, for the
purposes of the Securities Act 1978, in respect of debt
securities to be offered to the public for subscription. The
approval is given subject to the following terms and
conditions:

(a) That neither State Street nor any member, director,
officer or employee of it is at any time a member of
any issuer in respect of which the company is
appointed as a trustee;

(b) That no person who is a member of State Street at
any time holds any office or appointment (including
appointment as auditor) in any issuer in respect of
which the company is appointed as a trustee;

(c) That neither State Street nor any member, director,
officer or employee 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 trustee otherwise than in connection
with the performance of its functions and powers;

(d) That neither State Street nor any member, director,
officer or employee holds any debt securities of any
issuer in respect of which the company is appointed as
a trustee;

(e) That no relationship exists at any time between State
Street or any member, director, officer or employee,
and any issuer of securities in respect of which the