Auckland Air and Welding Supplies Limited Notice of Appointment of Receivers Pursuant to Section 8 of the Receiverships Act 1993 Alan Keith Hinton and Stewart Douglas Wehner, accountants, whose office is at Hinton & Associates, 281 Queen Street, Richmond, Nelson, hereby give notice that on the 12th day of May 1998, they were appointed receivers of the property of Auckland Air and Welding Supplies Limited, under the powers contained in an instrument dated the 1st day of November 1996. The receivers have been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future. Dated this 12th day of May 1998. ALAN KEITH HINTON. STEWART DOUGLAS WEHNER.