New Zealand Gazette – 2001 – No. 159

Page 3896

✨ Quota Allocation and Insurance Rating

3896 NEW ZEALAND GAZETTE No. 159

2001 European Union Sheepmeat and Goatmeat Tariff Rate Quota Allocation

Pursuant to section 33 of the Meat Board Act 1997, notice is given that the New Zealand Meat Board has allocated European Union Sheepmeat and Goatmeat Unallocated Reserved Quota Allowance for the 2001 Quota Year, commencing 1 January 2001.

The revised allocations of General and Reserved Quota Allowance are as follows:

Company	General Quota Allowance (tonnes c.w.e.)	Reserved Quota Allowance (tonnes c.w.e.)	Total Quota Allowance (tonnes c.w.e.)
Advanced Foods of New Zealand Limited	1,113.3		1,113.3
Affco New Zealand Limited	25,190.8		25,190.8
Alliance Group Limited	59,628.8		59,628.8
Alpine Export Limited	72.9	29.0	101.9
Blue Sky Marketing Limited	5,941.2		5,941.2
Canterbury Meat Packers Limited	8,659.1		8,659.1
CR Grace Limited	294.0	1,112.5	1,406.5
Crusader Meats New Zealand Limited	1,789.9		1,789.9
Davmet New Zealand Limited	2,117.5		2,117.5
F J Ramsey Meats (Paerata) Limited	1,190.7		1,190.7
Forty Degrees South Limited	18.9		18.9
Frasertown Meat Co Limited	1,583.9		1,583.9
Heartland Prime Meats NZ Limited (Consortium)	2,303.1		2,303.1
Horizon Meats New Zealand Limited	87.3		87.3
Lakeview Farm Fresh Limited	804.0		804.0
Lamb Packers Feilding Limited	3,711.0		3,711.0
LANZ Company Limited		1,275.0	1,275.0
Lean Meats Limited	982.4		982.4
PPCS Limited	53,641.3		53,641.3
Progressive Gisborne Limited	1,395.0		1,395.0
Richmond Limited	37,834.1		37,834.1
Taylor Preston Limited	9,428.8		9,428.8
Te Kuiti Meat Marketing Limited	3,235.7		3,235.7
Wilson Hellaby Limited		2,639.0	2,639.0
Wallace Meats Limited, Piriaka	620.3		620.3
Total	220,840.0	5,859.5	226,699.5

Note: Totals may not add due to rounding.

The allocation mechanism used is as set out and described in the Quota Allowance Allocation System in Respect of European Union Sheepmeat and Goatmeat Tariff Rate Quota, copies of which are available from the board.

Dated at Wellington this 15th day of November 2001.

A. DOMETAKIS, Board Secretary, New Zealand Meat Board.

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Insurance Companies (Ratings and Inspections) Act 1994

Change of Rating—Royal & SunAlliance

Pursuant to clause 8 (1) of the Insurance Companies (Ratings and Inspections) Act 1994, ratings agency Standard & Poor’s re-rated the international Royal & SunAlliance group’s “financial strength” rating to A+ on 14 November 2001.

This is one rung lower than its previous rating of AA–, and moves the company from the bottom of the “Very Strong” to the top of the “Strong” range.

This new rating applies to Royal & SunAlliance Insurance (New Zealand) Limited.

This re-rating was anticipated and follows the policy decision made 2 years ago to use capital more efficiently.

In 1999, the group returned 750 million pounds sterling in excess capital to shareholders.

The re-rating also takes into consideration the agency’s assessment of the minimal impact events associated with the World Trade Centre attack will have on the financial strength of the company.

The company’s World Trade Centre loss, at 200 million pounds sterling, represents only 3% of the group’s market capitalisation.

Royal & SunAlliance’s specialist insurance rating from AM Best has been reaffirmed as A+ Superior.

In the Standard & Poor’s report, it was noted that Royal & SunAlliance had strong capitalisation, an excellent global market position, improved earnings and robust financial flexibility.

It reported the company’s outlook as “Stable”.

ALAN BRADLEY, Chief Executive.

Note: This notice appears as a matter of public record.

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VUW Te Waharoa — NZ Gazette 2001, No 159

Gazette.govt.nz — NZ Gazette 2001, No 159

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✨ LLM interpretation of page content

🌾 2001 European Union Sheepmeat and Goatmeat Tariff Rate Quota Allocation

Domain🌾 Primary Industries & Resources
Dated15 November 2001
KeywordsMeat Board Act 1997, Sheepmeat, Goatmeat, Tariff Rate Quota, Quota Allocation, European Union, Meat Export
👩‍💼 Officials

A. Dometakis, Board Secretary, New Zealand Meat Board

🏭 Change of Rating—Royal & SunAlliance

Domain🏭 Trade, Customs & Industry
KeywordsInsurance Companies (Ratings and Inspections) Act 1994, Insurance Rating, Royal & SunAlliance, Standard & Poor’s, Financial Strength Rating
👩‍💼 Officials

Alan Bradley, Chief Executive

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