NEW ZEALAND GAZETTE

15 JANUARY

TOP FLIGHT SPORTS CLUB INCORPORATED

HN. I.S. 445502.

WAIHI BEACH COMMUNITY CENTRE

(INCORPORATED) HN. I.S. 286339.

[L.S.]

MARION JUDITH SHANLEY, Assistant Registrar of Incorporated Societies.

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Notice of Revocation of Declaration

The declarations dissolving the societies listed below having been revoked under section 28 (3) of the Incorporated Societies Act 1908, the societies are revived from the date of dissolution:

THE CAMBRIDGE BADMINTON CLUB
(INCORPORATED) HN. I.S. 212646. Date of Dissolution: 25 January 1996.

KARAPIRO WATER SKI CLUB
INCORPORATED HN. I.S. 213264. Date of Dissolution: 28 August 1996.

OTOROHANGA COUNTY FAIR ASSOCIATION
INCORPORATED HN. I.S. 212520. Date of Dissolution: 15 January 1996.

PAEROA OLD BOYS FOOTBALL CLUB
INCORPORATED HN. I.S. 213332. Date of Dissolution: 28 August 1996.

THE THAMES OPERATIC SOCIETY
(INCORPORATED) HN. I.S. 213211. Date of Dissolution: 28 August 1996.

THE TOKOROA DISTRICT RETURNED SERVICES ASSOCIATION INCORPORATED
HN. I.S. 214031. Date of Dissolution: 14 June 1989.

WHATAWHATA TENNIS CLUB
INCORPORATED HN. I.S. 214044. Date of Dissolution: 7 October 1996.

[L.S.]

MARION JUDITH SHANLEY, Assistant Registrar of Incorporated Societies.

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General Notices

Norwich Union Life Insurance (NZ) Limited

Insurance Companies (Ratings and Inspections) Notice

On the 11th day of December 1997, credit rating agency Standard & Poor’s lowered the claims-paying ability rating on Norwich Union Life Insurance (NZ) Limited to A– from AA–. At the same time the rating is placed on CreditWatch Developing.

The rating action follows the announcement that the Norwich Group is reviewing strategic options for its life and funds management businesses in New Zealand, including a possible sale. The A– rating represents the claims paying ability of Norwich Union Life Insurance (NZ) Limited on a standalone basis.

The standalone rating is based on the company’s strong balance sheet structure, conservative risk profile and satisfactory business franchise, tempered by the company’s smaller size in the highly competitive life insurance market in New Zealand.

The rating is placed on CreditWatch Developing reflecting the uncertainty arising from a potential change of ownership, and the associated impact on the company’s future financial structure and strategy. Norwich Union Life Insurance (NZ) Limited will remain on CreditWatch Developing until its future ownership position is resolved.

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Notice of Entry into Possession of Mortgaged Property

Pursuant to Section 104EE of the Property Law Act 1952

ANZ Banking Group (New Zealand) Limited now advises that it has entered into possession of the property situated at 13 Arawa Street, New Plymouth, being all that property comprised in certificate of title G1/456 and secured to the bank by mortgage No. 369179.

ANZ Banking Group (New Zealand) Limited is the mortgagee under mortgage No. 369179.2.

The mortgagee entered possession on Saturday, the 27th day of December 1997.

All communications relating to the mortgaged property may be sent to the mortgagee at ANZ Bank, Lending Support Centre, Cumberland House, 235–237 Willis Street (P.O. Box 27-142), Wellington (Attention: J. Kino).

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AMP General Insurance Limited

Insurance Companies (Ratings and Inspections) Notice

On the 30th day of December 1997, Standard and Poor’s confirmed the ratings on all of AMP’s companies with one exception. The affirmations reflect the credit standing of each of the companies following the demutualisation and resulting restructuring of AMP which occurred on the 1st day of January 1998.

Commenting on the affirmations Standard and Poor’s said, “AMP Society’s ratings reflect the company’s very strong business franchise and superior financial structure, which features excellent ... levels of capitalisation and high asset quality.”

The only exception to the affirmations was AMP General which has been downgraded from AA to A due to performance problems over the past few years. Standard and Poor’s did acknowledge a recent moderate underlying improvement.

Commenting on the result of the review AMP’s chief financial officer, Paul Batchelor said, “The affirmations given by Standard and Poor’s are a clear signal that the credit ratings agency views AMP’s demutualisation and planned listing as the right way forward for AMP. The ratings also demonstrate confidence in AMP’s ability to perform as a listed company.”

AMP GENERAL INSURANCE LIMITED.

86–90 Customhouse Quay, Wellington.

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