Southern Tug & Barge Limited (in liquidation) WN. 575573 Notice of Resolution for Voluntary Winding Up Pursuant to Section 147 of the Companies Act 1955 Presented By: KPMG Peat Marwick, Chartered Accountants, P.O. Box 996, Wellington. Notice is hereby given that by duly signed entry in the minute book of the above-named company dated on the 16th day of May 1994, the following extraordinary resolution was passed by the company, namely: ``That as the above-named company cannot, by reason of its liabilities, continue its business, it is therefore advisable that it be voluntarily wound up.'' Dated at Wellington this 17th day of May 1994. K. I. SUTHERLAND, Director. Note: On the 16th day of May 1994, the company passed a resolution that the official assignee be appointed provisional liquidator. On the 17th day of May 1994, John Stewart Drage and Alan Raymond Isaac, whose address is care of KPMG Peat Marwick, Seventh Floor, KPMG Peat Marwick House, 135 Victoria Street, Wellington, were appointed by the official assignee to act as his agents.