NEW ZEALAND GAZETTE

No. 168

Royal & Sun Alliance

Insurance Companies (Ratings and Inspections) Act 1994

Change of Rating—Royal & Sun Alliance Insurance (New Zealand) Limited, Royal & Sun Alliance Liability Insurance Limited and Royal & Sun Alliance Accident Insurance Limited

Pursuant to clause 8 (1) of the Insurance Companies (Ratings and Inspections) Act 1994, Standard & Poor’s Ratings Service has re-graded its insurer financial strength and counter-party credit ratings on Royal & Sun Alliance Insurance (New Zealand) Limited, Royal & Sun Alliance Liability Insurance Limited and Royal & Sun Alliance Accident Insurance Limited to “A–” from “A” on 8 November 2002.

This rating is defined as “strong”.

This action follows the re-grading of United Kingdom-based parent company Royal & SunAlliance Insurance Group PLC.

Royal & SunAlliance Insurance Group PLC ratings have been removed from credit watch with negative implications by both Standard & Poor’s and AM Best ratings agencies.

In its report Standard & Poor’s stated:

“The outlook is developing. Rather than maintain the credit watch, ratings have been lowered and equalised with the parent’s rating. The Australian and New Zealand general insurance operations reflect solid business and financial profiles independent from the Royal & SunAlliance Group.”

The Standard & Poor’s report states that a more definitive opinion on the Australian and New Zealand operations will be made after evidence of the forthcoming Initial Public Offering’s success.

ALAN BRADLEY, Chief Executive.
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Company Notices

REMOVALS

Summit Resources Limited

Notice of Intention to Apply for Removal of the Above-named Company From the Register

Pursuant to Section 351 of the Companies Act 1993

Notice is hereby given that Alan John Eggers, a shareholder of the above-named company, proposes to apply to the Registrar of Companies at Wellington, pursuant to section 351 of the Companies Act 1993, for the removal from the Register of the company.

The grounds are that the company has ceased to carry on business in New Zealand and is to be incorporated as a company in Perth, Western Australia, Australia.

Unless written objection to the company’s removal, pursuant to section 351 of the Act, is sent or delivered to the Registrar of Companies within 20 working days of this notice, the Registrar may remove the company from the Register.

ALAN JOHN EGGERS, Shareholder.
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New Zealand Gazette 2002/2003 Deadlines

Christmas Deadlines

The final New Zealand Gazette edition for 2002 will be as follows:

12 December 2002
Commercial Section Notices: (Companies, Partnership, Insolvency and Land Transfer Acts):

The deadline for these notices will be 12.00 midday on Monday, the 9th day of December 2002.

All other notices must be lodged at the New Zealand Gazette office by 12.00 midday on Tuesday, the 10th day of December 2002.

Note: It would be appreciated if material for this edition was delivered as early as possible.

New Year Deadlines

The first New Zealand Gazette edition for 2003 will be as follows:

9 January 2003
Commercial Section Notices: (Companies, Partnership, Insolvency and Land Transfer Acts):

The deadline for these notices will be 12.00 midday on Monday, the 6th day of January 2003.

All other notices must be lodged at the New Zealand Gazette office by 12.00 midday on Tuesday, the 7th day of January 2003.

Note: It would be appreciated if material for this edition was delivered as early as possible.
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