Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:
"On 21 August 2010, I, The Honourable Simon William English, Minister of Finance, on behalf of the Crown, gave a guarantee to Public Trust, in relation to the interest payable to estates whose money constitutes the Common Fund. The guarantee takes effect from 12 October 2010 and will continue to apply until the earlier of the date the Public Trust Act 2001 has been amended to avoid any doubt that the guarantee in section 52 of the Public Trust Act 2001 applies to both capital and accrued interest, or such date as I revoke the guarantee by notice in writing to Public Trust."
Dated at Wellington this 21st day of August 2010.
HON SIMON WILLIAM ENGLISH, Minister of Finance.