9 MARCH NEW ZEALAND GAZETTE 477

The CARRIL is available on the CAA website [www.caa.govt.nz].
Exemption files may also be viewed on prior request to the Registrar at the office of the Civil Aviation Authority, 1 Market Grove, P.O. Box 31-441, Lower Hutt.
Dated at Lower Hutt on the 7th day of March 2000.

HILARY KEENAN, Docket Clerk.

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Reserve Bank

Reserve Bank of New Zealand Act 1989

Appointment of a Non-Executive Director of the Reserve Bank of New Zealand

In terms of section 54 (3) of the Reserve Bank of New Zealand Act 1989, I hereby notify my appointment of

Mr John Goulter

as a non-executive director of the Reserve Bank of New Zealand for a 5 year term with effect on and from 9 February 2000.

Dated at Wellington this 16th day of February 2000.

Dr MICHAEL CULLEN, Treasurer and Minister of Finance.

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Reappointment of a Non-Executive Director of the Reserve Bank of New Zealand

In terms of section 54 (3) of the Reserve Bank of New Zealand Act 1989, I hereby notify my reappointment of

Mrs Alison Mae Paterson

as a non-executive director of the Reserve Bank of New Zealand for a 5 year term with effect on and from 1 February 2000.

Dated at Wellington this 16th day of February 2000.

Dr MICHAEL CULLEN, Treasurer and Minister of Finance.

au1603

Securities Commission

Securities Act 1978

Notice of Approval 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 Prince and Partners 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 conditions:

(a) That neither Prince and Partners Trustee Company Limited nor any shareholder, director, officer or employee of it is at any time a shareholder of an issuer in respect of which it acts as trustee;

(b) That no person who is a shareholder of Prince and Partners Trustee Company Limited at any time holds any office or appointment (including appointment as auditor) in any issuer in respect of which it is appointed as a trustee;

(c) That neither Prince and Partners Trustee Company Limited nor any shareholder, 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 as trustee;

(d) That neither Prince and Partners Trustee Company Limited nor any shareholder, 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 Prince and Partners Trustee Company Limited, or any shareholder, director, officer or employee of it, and any issuer in respect of which it acts as trustee that affects, or is likely to affect, the ability of the company to perform its functions and powers as trustee;

(f) That while Prince and Partners 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.

(g) That no relationship exists at any time between Prince and Partners, Chartered Accountants, or any partner, officer or employee of it and any issuer in respect of which Prince and Partners Trustee Company Limited acts as trustee that affects, or is likely to affect, the ability of the company to perform its functions and powers as trustee.

Dated at Wellington this 6th day of March 2000.

[L.S.]

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

F. R. S. CLOUSTON, Member.

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Transit New Zealand

Transit New Zealand Act 1989

Revoking Section of State Highway—Declaring New Section of State Highway—State Highway No. 25: Hikuai

Pursuant to section 60 of the Transit New Zealand Act 1989, the Transit New Zealand Authority gives notice that the section of State Highway No. 25 described in the First Schedule hereto, is revoked and the section of road described in the Second Schedule hereto, is declared to be State Highway No. 25 with the meaning and for the purpose of the Transit New Zealand Act 1989.

First Schedule

The section of State Highway No. 25 (known as Morrison Road) at Hikuai, commencing at its junction with the Hikuai Deviation (Route Position 172/11.45) and proceeding in a generally westerly direction along Morrison Road to its junction with Puketui Road and then proceeding in a generally easterly direction along Morrison Road to its southern intersection with the Hikuai Deviation (Route