NEW ZEALAND GAZETTE

No. 157

General Section

Adplus ('91) Limited

Insurance Companies (Ratings and Inspections) Act 1994

accident insurance business to the Accident Compensation Corporation in June 2003.

Farmers’ Mutual Accident Care Limited has one risk sharing agreement remaining, the sale of which is pending. The company expects to finalise this sale by 31 March 2004. The outlook is “stable”.

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Rating Affirmed—Farmers’ Mutual Insurance Association, New Zealand, Farmers’ Mutual Insurance Limited, Farmers’ Mutual Life Limited and Change of Rating—Farmers’ Mutual Accident Care Limited

Pursuant to clause 8 (1) of the Insurance Companies (Ratings and Inspections) Act 1994, ratings agency A.M. Best Co has affirmed the “A–” (excellent) financial strength rating of Farmers’ Mutual Insurance Association, New Zealand, the parent company of the Farmers’ Mutual Group (FMG), effective 14 October 2003.

The rating also applies to the core subsidiaries Farmers’ Mutual Insurance Limited and Farmers’ Mutual Life Limited. The outlook is “stable”.

The rating is based on FMG’s excellent risk-adjusted capitalisation and favourable operating results as of 31 March 2003.

Offsetting factors include capital losses in the life portfolio which, along with increased underwriting leverage, have placed downward pressure on the group’s risk-adjusted capital. However, FMG’s overall capitalisation supports its current business.

Farmers’ Mutual Accident Care Limited has been awarded a financial strength rating of “B++” (very good), a down grade from “A–” (excellent) effective 31 October 2003. The rating reflects Farmers’ Mutual Accident Care Limited’s diminished business profile due to the sale of its

Foundation for Arable Research

Commodity Levies (Arable Crops) Order 2000

Foundation for Arable Research (Inc.)

The Commodity Levies (Arable Crops) Order 2000

Pursuant to section 4 of the Commodity Levies (Arable Crops) Order 2000, a levy has been imposed on, and shall be payable by, the producers of any arable commodity grown in New Zealand.

In accordance with section 12 (1) of the Order, the Foundation for Arable Research has determined the rate of the levy for 2004 to be:

• Herbage and amenity seed, 0.6% of assessed value.
• Specialist vegetable seeds (such as hybrid brassicas, carrot, onion, celery, beet), 0.6% or to a maximum dollar value equivalent to the rate for open pollinated brassicas.
• Maize, 0.4%.
• All other small grain and seeds, 0.6%.

Dated this 17th day of November 2003.

N. PYKE, Chief Executive, Foundation for Arable Research.

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New Zealand Gazette 2003/2004 Deadlines

Christmas Deadlines

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

18 December 2003

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

The deadline for these notices will be 12.00 midday on Monday, the 15th day of December 2003.

All other notices must be lodged at the New Zealand Gazette office by 12.00 midday on Tuesday, the 16th day of December 2003.

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 2004 will be as follows:

8 January 2004

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

The deadline for these notices will be 12.00 midday on Monday, the 5th day of January 2004.

All other notices must be lodged at the New Zealand Gazette office by 12.00 midday on Tuesday, the 6th day of January 2004.

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