Application for Approval of a Scheme Under Part III of the Charitable Trusts Act 1957
Notice is hereby given that Bradley Thomas Fenner, headmaster of Auckland, David Clutha Gordon Bridges, teacher of Auckland, and Paul Leonard Palmer Chapman, director of commercial services of Auckland, as trustees of the JOAN WINIFRED SIBSON TRUST, have filed an application for approval of a scheme varying the terms of the deed under which the trust fund is to be invested.
Under this scheme, the restriction limiting the trustees' power to invest in shares, debentures and securities to 40% of the trust fund will be removed. The trustees will be able to invest in accordance with the investment powers set out in the Trustee Act 1956 and will hold certain administrative powers in respect of their investments.
Copies of the scheme and the report of the Attorney-General thereon may be inspected, free of charge, at the office of the Registrar of the High Court at Auckland, or at the office of Simpson Grierson, Level 27, 88 Shortland Street, Auckland.
The application has been set down for hearing in the High Court at Auckland 20 October 2014 at 10.00am.
Any person desiring to oppose the scheme is required to give notice of his or her intention to do so to:
(a) the Registrar of the High Court at Auckland; and
(b) the trustees by their solicitors, Simpson Grierson, Level 27, 88 Shortland Street, Auckland (Attention: J. S. Caen); and
(c) the Attorney-General, Crown Law Office, PO Box 2858, Wellington 6140
not less than seven clear days before the above-mentioned date.