2122 NEW ZEALAND GAZETTE, No. 94 25 JUNE 2009

(a) the Company currently has, and has maintained at all times during the previous month, the amount of Surplus Liquid
Funds required by clause 5(2);
(b) the calculations required under clause 6(5) are true and correct;
(c) the Company can reasonably be expected to maintain the required level of Surplus Liquid Funds for at least the
next quarter;
(d) the Company has made all payments it was obliged to make as they fell due;
(e) the Company can reasonably be expected to continue to pay its debts as they fall due for at least the quarter;
(f) there are no material matters which have, or are likely to, adversely affect the Company’s:
(i) financial position;
(ii) financial performance; or
(iii) cash flows;
(g) the Company has complied with the conditions 3(3)(f) and (g) of this notice regarding handling client money
(including any client money which is applied as a margin in respect of a client’s contract) and property, and recording
client money and property and client dealing;

(5) The Company must:
(a) calculate, in respect of each business day, by 10.00am on the following business day, its Surplus Liquid Funds
in accordance with clause 5 to ensure that the Company complies with clause 5(2);
(b) report to both the Securities Commission and the Auditor on the business day following the day in respect of which the
calculation is made if the calculation performed in clause 6(5)(a) does not comply with clause 5(2) including
an explanation of the cause of the breach and the remedial action planned;
(c) maintain a log of the calculations required under this condition and produce it to the Auditor or the Securities
Commission upon request; and
(d) provide a copy of the log of these daily calculations to the Auditor as part of the Company’s monthly report.

(6) If the directors are unable to certify that, after due inquiry, they are satisfied that each statement contained in 6(4) is
true, the directors of the Company must prepare a memorandum to explain the circumstances which prevent the directors
providing that certification, and that memorandum should contain or attach all information and documents which are necessary
to fully explain those circumstances.

(7) The Company must prepare management accounts every two months.

(8) The Company must prepare prospective financial statements, which will be supplied to the Auditor on a semi-annual
basis, that:
(a) contain a forecast of cash flows over at least the next six months based on the reasonable expectations of the board
of the company as to what is likely to happen over this period;
(b) contain forecast statements of financial position as at the end of each of the next six months based on the reasonable
expectations of the board of the company as to what is likely to happen over this period;
(c) document the Company’s calculations and assumptions, and explain why the assumptions are appropriate;
(d) provides reasons when the forecast of cash flows shows a total net cash outflow in any month; and
(e) is signed by all directors of the Company, certifying that the forecasts are not known by the directors to be false
and misleading.

Dated at Wellington this 23rd day of June 2009.
The Common Seal of the Securities Commission was affixed in the presence of:
[L.S.]

COLIN BEYER, Member.
au5457

Land Notices

Conservation Act 1987

Disposal of Stewardship Area

Under the Conservation Act 1987, the Community Relations
Manager of the West Coast Conservancy of the Department
of Conservation gives notice of the disposal in fee simple of
the land described in the Schedule for a consideration
of $7500.00.

Nelson Land District—Buller District

Schedule

Dated at Hokitika this 19th day of June 2009.
CHRIS HICKFORD.
(DOC HK PAL-03-02-11-49)
ln5424

Declaring Land to be Held for Conservation Purposes and Declaration That the Areas Become a Reserve

Under the Conservation Act 1987, the Conservator for the
Northland Conservancy of the Department of Conservation
declares that the land described in the First Schedule is held
for conservation purposes and further declares that the
conservation areas described in the Schedules be set apart as