20 NOVEMBER

NEW ZEALAND GAZETTE

2. Interpretation—(1) Unless the context otherwise requires:

“agency deposit” means a deposit (not being an investment deposit) held as agent or attorney;

“call deposit” means a deposit (not being an agency deposit, an investment deposit, a special deposit or a trust deposit) held in the ordinary course of administration, and determined by Public Trust to be held at call;

“deposit” means a sum of money held by Public Trust belonging to any estate, which money for the time being forms part of the Common Fund;

“investment deposit” means a deposit held at call or otherwise as an investment under section 51 of the Act;

“special deposit” means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

“trust deposit” means a deposit held on trust:

(i) for persons not of full age or capacity; or

(ii) for beneficiaries not entitled to payment at call; or

(iii) otherwise than at call (not being a special deposit).

(2) Expressions defined in the Act have the same meaning in this notice as they do in the Act.

3. Rates of Common Fund interest—(1) The rate of Common Fund interest payable on a deposit (other than an investment deposit repayable at the end of a fixed term) shall be that specified in Schedule 1 for the appropriate type of deposit.

(2) The rate of Common Fund interest payable on an investment deposit repayable at the end of a fixed term shall be that specified in Schedule 2 for the appropriate term and dollar range.

(3) Despite subparagraph (1), the rate of Common Fund interest payable on a deposit made pursuant to an enactment shall be the rate (if any) specified in the enactment.

(4) Despite subparagraph (1), in particular cases or classes of case, Public Trust and the depositor may agree on a rate of interest payable on a special deposit that is different from the rate specified in Schedule 1 and the agreed rate then applies.

4. Revocation of notice and transitional provisions—

(1) The Public Trust Common Fund Interest Rates Notice 6 November 2003 is revoked.

(2) The rates of interest specified in Schedule 1 to this notice do not apply to any period that ends with 12 November 2003 but otherwise operate as from 13 November 2003.

(3) The rates of interest specified in Schedule 2 to this notice:

(i) do not apply to investment deposits repayable at the end of a fixed term that commenced prior to 13 November 2003; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 13 November 2003.

Schedule 1

Rate of interest payable on a deposit (other than an investment deposit repayable at the end of a fixed term)

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Schedule 2

Rate of interest payable on an investment deposit repayable at the end of a fixed term

Fixed term of 3 months

For the range $5,000 to $9,999 inclusive | 4.50 |
For the range $10,000 to $49,999 inclusive | 4.90 |
For the range $50,000 to $249,999 inclusive| 5.00 |
For the range above $250,000 | 5.00 |

Fixed term of 6 months

For the range $5,000 to $9,999 inclusive | 4.50 |
For the range $10,000 to $49,999 inclusive | 5.00 |
For the range $50,000 to $249,999 inclusive| 5.10 |
For the range above $250,000 | 5.10 |

Fixed term of 9 months

For the range $5,000 to $9,999 inclusive | 4.70 |
For the range $10,000 to $49,999 inclusive | 5.10 |
For the range $50,000 to $249,999 inclusive| 5.20 |
For the range above $250,000 | 5.20 |

Fixed term of 12 months

For the range $5,000 to $9,999 inclusive | 4.80 |
For the range $10,000 to $49,999 inclusive | 5.20 |
For the range $50,000 to $249,999 inclusive| 5.30 |
For the range above $250,000 | 5.30 |

Dated at Wellington this 14th day of November 2003.

PAT WAITE, Chief Executive, Public Trust.

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The Treasury

Companies Act 1955
Land Transfer Act 1952

Notice of Disclaimer Under Section 338 of the Companies Act 1955

In the matter of the Land Transfer Act 1952, and in the matter of section 338 of the Companies Act 1955, and in the matter of Unit Subdivisions Limited:

Take notice that I, John Henry Whitehead, Secretary to the Treasury, pursuant to section 338 of the Companies Act 1955, hereby disclaim for and on behalf of Her Majesty the Queen, all right, title and interest of Her Majesty the Queen in Lot 591, D.P. S. 11365, of 812 square metres, in Computer Register SA7B/1174, the registered proprietor being Unit Subdivisions Limited, a company removed from the Companies Register on 8 April 1992 and formerly having its registered office at Penrose, Auckland.

And I certify that the vesting of the said property did not come to my notice until 5 November 2003.

Dated at Wellington this 13th day of November 2003.

Signed by the Secretary to the Treasury, the said John Henry Whitehead for and on behalf of Her Majesty the Queen in the presence of:

JENNIE WAH, Executive Assistant, Wellington.

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