3 MARCH 2005

NEW ZEALAND GAZETTE, No. 45

the rate specified in Schedules 1, 2, or 3 and the agreed rate
then applies.

4. Revocation of notice and transitional provisions—

(1) The Public Trust Common Fund Interest Rates Notice
11 November 2004 is revoked.

(2) The rates of interest specified in Schedules 1 and 2 to this
notice do not apply to any period that ends with 23 February
2005 but otherwise operate as from 3 March 2005.

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

(i) do not apply to investment deposits repayable at
the end of a fixed term that commenced prior to
3 March 2005; but

(ii) do apply to investment deposits repayable at the
end of a fixed term that commenced on or after
3 March 2005.

Schedule 1

Rates of interest payable on deposits (other than
investment deposits repayable at the end of fixed term
or protection deposits)

Schedule 2

Rates of interest payable on each protection deposit
associated with a particular private training establishment

Schedule 3

Rates of interest payable on investment deposits repayable
at the end of a fixed term

Interest payable on maturity

| $5,000-
$9,999 | $10,000-
$49,999 | $50,000-
$249,999 | $250,000+
|--------------|---------------|----------------|------------|
| % p.a. | % p.a. | % p.a. | % p.a. |

| 3 mths | 4.80 | 5.50 | 5.65 | 5.65 |
| 6 mths | 5.00 | 6.20 | 6.30 | 6.30 |
| 9 mths | 5.20 | 6.20 | 6.30 | 6.40 |
| 1 yr | 5.20 | 6.30 | 6.35 | 6.40 |
| 18 mths | 6.00 | 6.30 | 6.35 | 6.40 |
| 24 mths | 6.00 | 6.30 | 6.35 | 6.40 |
| 30 mths | 6.00 | 6.30 | 6.35 | 6.40 |
| 36 mths | 6.00 | 6.30 | 6.35 | 6.40 |
| 4 yrs | 5.95 | 6.25 | 6.30 | 6.35 |
| 5 yrs | 5.90 | 6.20 | 6.25 | 6.30 |

Interest payable monthly

| $20,000-
$49,999 | $50,000-
$249,999 | $250,000+
|--------------|---------------|------------|
| % p.a. | % p.a. | % p.a. |

| 6 mths | 6.12 | 6.22 | 6.22 |
| 9 mths | 6.08 | 6.17 | 6.27 |
| 1 yr | 6.13 | 6.17 | 6.22 |
| 18 mths | 6.13 | 6.17 | 6.22 |
| 24 mths | 6.13 | 6.17 | 6.22 |
| 30 mths | 6.13 | 6.17 | 6.22 |
| 36 mths | 6.13 | 6.17 | 6.22 |
| 4 yrs | 6.08 | 6.13 | 6.17 |
| 5 yrs | 6.03 | 6.08 | 6.13 |

Interest payable quarterly

| $20,000-
$49,999 | $50,000-
$249,999 | $250,000+
|--------------|---------------|------------|
| % p.a. | % p.a. | % p.a. |

| 6 mths | 6.15 | 6.25 | 6.25 |
| 9 mths | 6.11 | 6.20 | 6.30 |
| 1 yr | 6.16 | 6.20 | 6.25 |
| 18 mths | 6.16 | 6.20 | 6.25 |
| 24 mths | 6.16 | 6.20 | 6.25 |
| 30 mths | 6.16 | 6.20 | 6.25 |
| 36 mths | 6.16 | 6.20 | 6.25 |
| 4 yrs | 6.11 | 6.16 | 6.20 |
| 5 yrs | 6.06 | 6.11 | 6.16 |

Dated at Wellington this 1st day of March 2005.

PAT WAITE, Chief Executive, Public Trust.

go1281

Authorities and Other Agencies of State Notices

Electricity Commission

Electricity Act 1992

Notice of Making of a Recommendation
Concerning the Electricity Governance Rules
2003 – Rule Amendment Proposal No. 31

This notice of a recommendation concerning the Electricity Governance Rules ("EGRs"), Rule Amendment Proposal

No. 31, is issued by the Electricity Commission ("EC"),
established under the Electricity Act 1992 ("Act"), pursuant
to section 172E (2) (c) of that Act.

Section 172E (2) (c) provides that, no later than 10 working
days after making a recommendation concerning the EGRs
to the Minister of Energy, the EC must publicise the
recommendation and the assessment completed under
section 172F of the Act.

Recommendation

The EC made a recommendation that Rules 4.3 and 4.3.1 of
Schedule G7 of Part G of the EGRs be amended, relevant
defined terms be inserted into the EGRs, and consequential