Notice of Appointment of Receivers of Income
Pursuant to Section 8(1)(b) of the Receiverships Act 1993
On 21 July 2008, we, Timothy Wilson Downes, of Auckland, and Richard Grant Simpson, of Wellington, both chartered accountants, were appointed receivers of income of the property of Tay Ventures Limited (“the company”) at 15 Tay Street, Invercargill, being more particularly described in Computer Freehold Register SL11B/93 (Southland Registry) (“the property”) and/or all earnings, monetary rights, lease rights, insurance benefits and purchase moneys (“the assigned property”) or any part of the property and/or the
assigned property with power to manage the company’s business transacted on or from the property or in relation
to the property and/or the assigned property or any part of the property and/or assigned property and to exercise all other powers which a receiver may exercise under the mortgage, under any of the facility terms (as defined in
the mortgage) or by law.
The appointment was effected pursuant to the powers conferred by a first registered mortgage over the property.
The Receivers’ Office Address is: C/o Grant Thornton Auckland Limited, 152 Fanshawe Street (PO Box
1961), Auckland. Telephone: (09) 308 2570. Facsimile: (09) 309 4892.
Dated this 21st day of July 2008.
TIMOTHY WILSON DOWNES and RICHARD GRANT SIMPSON, Receivers of Income.