NEW ZEALAND GAZETTE

No. 153

Treasury

Public Finance Act 1989

Notice of Indemnity Given Pursuant to Section 59 (1) of the Public Finance Act 1989—Air New Zealand Limited

Pursuant to section 59 (2) of the Public Finance Act 1989, the Minister of Finance makes the following statement:

On 24 September 2001, the Minister of Finance gave an indemnity to Air New Zealand Limited, in respect of claims in connection with losses in those circumstances defined by Lloyd’s Aviation Underwriters Association Standard Forms and Endorsements of Policies War, Hi-Jacking and Other Perils Exclusion Clause (Aviation) AVN 48B (1 October 1996) of up to US$2 billion for any one event to the extent that any claim cannot be met by insurance. Air New Zealand Limited will use all reasonable commercial endeavours to obtain insurance to cover those risks indemnified by the Crown under this indemnity.

This indemnity will be terminated at such time that Air New Zealand Limited is able to obtain insurance to cover risks met by this indemnity.

Dated at Wellington this 17th day of October 2001.

DR MICHAEL CULLEN, Minister of Finance.

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Notice of Publication of Financial Statements of the Crown

Pursuant to section 31B of the Public Finance Act 1989, the Minister of Finance gives notice of the publication of the financial statements of the Crown for:

• the 3 months ended 30 September 2001, on 2 November 2001.

Copies of these financial statements are available:

• for inspection free of charge at the National Library of New Zealand, Auckland City Library, Wellington Public Library and Canterbury Public Library;
• for purchase at branches of Bennetts bookshops; and
• through the internet at:

http://www.treasury.govt.nz

Dated at Wellington this 2nd day of November 2001.

DR MICHAEL CULLEN, Minister of Finance.

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Public Trust Office Act 1957

The Public Trust Office (Investment Agencies in Common Fund) Notice 8 November 2001

The following notice is given pursuant to section 37 of the Public Trust Office Act 1957 and sections 29 and 41 of the State Sector Act 1988.

Notice

1. Title and commencement—This notice may be cited as the Public Trust Office (Investment Agencies in the Common Fund) Notice 8 November 2001 and shall take effect from and including 8 November 2001.

2. Interest rates on investment agencies—The rate of interest that may be paid by the Public Trustee on moneys invested by the Public Trustee as agent of any principal in the common fund of the Public Trust Office (referred to in this notice as “agencies”) pursuant to section 37 of the Public Trust Office Act 1957 shall, for the following terms and inclusive dollar ranges, be:

3. Transitional provisions—(1) Paragraph 2 of this notice shall not apply to any interest payable in respect of the period that ends with 7 November 2001.

(2) Paragraph 2(a) of this notice shall apply:

(i) to agencies that commenced prior to 8 November 2001, as from that date;

(ii) to agencies that commenced on or after 8 November 2001, as from the date of their commencement.

(3) Paragraphs 2 (b) to 2 (e) inclusive of this notice:

(i) shall not apply to agencies that commenced prior to 8 November 2001; but

(ii) shall apply to agencies that commence on or after 8 November 2001, as from the date of their commencement.

4. Revocation—The Public Trust Office (Investment Agencies in Common Fund) Notice 1 November 2001, New Zealand Gazette, page 3701, is hereby revoked.

Dated at Wellington this 5th day of November 2001.

Signed for and on behalf of the Secretary to the Treasury by:

DAVID TAYLOR, Manager, Commercial Investments 1, Asset and Liability Management Branch.

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