Page 17 Advertisements Column 1

Press, 26 February 1983, Page 17

WAL|tWEEp3 SOMETHING FOR EVERYONE! 13th to 20th MARCH Sun 13t h PROGRAMME I p.m. Victoria Park to Sign of the Kiwi (2 hours, family walk — contact Ms Lohrey 33-786. 2 p.m. Waimairi Walkway Opening (1 hour, family walk — start at the Groynes). Mon. 14th 12.15 Lunch time Inner City Stroll — meet Bridge of Remembrance. Tues. 15th 8.30 Coopers Creek, Oxford (Day trip: Contact Miss Taylor 791-660). Wed. 16th 9.00 Magnet Bay (Day trip: Contact Von Mackweil 385-417). 10.30 Worsley Spur to Sign of the Bellbird (Day trip: Contact Mr Biggs 388-372). 12.15 Lunchtime Inner City Stroll — meet Bridge of Remembrance. Thurs 17th 11.00 a.m., 1.30 p.m. Quail Island Walkway (1 hour walk) — catch ferry to Island. Contact 799-760, Lyt. 8554. Sat. 19th 8.30 a.m. Wharfedale Track, Oxford (Day trip-. Contact Mr Pullan 515-820). 9.30 a.m. Nicholson Park to Godley Head (Day trip-. Contact Mr Thacker 791-660) 10.00 a.m., 2 p.m. Peel Forest Park (half day and day trips — contact 799-760, Arundel 826). II a.m. to 4 p.m. Bottle Lake Plantation — Informal Open Day. Contact Mr Johns 830-405. 11 a.m., 1.30 p.m. Quail Island Walkway (l’/z hour family walk — catch ferry to Island. Contact 799-760, Lyt. 8554). Sun. 20th 8.30 a.m. Living Springs to Coopers Knob. (Day trip: Contact llene Cooper 324-093). 9.30 a.m. Mt Herbert Walkway (day trip, meet Orton Bradley Park). Contact Miss Hockley 792-430. 1 p.m. Pegasus Bay Walkway (3 hour family walk, meet Waikuku Surf Club. Contact Mr Berry Rga 6563. 1 p.m. Botanical Gardens (2 hour stroll, suitable for handicapped. Meet tea kiosk. Contact Mrs Hudson 518-873. ST JAMES WALKWAY, LEWIS PASS, 12-20 MARCH As part of the Walkweek 1983 programme, use of this popular 4-5 day high Country tramp will be especially encouraged. Extra staff will be stationed at the track entrance (Lewis Pass and the Boyle River) and at the huts to provide assistance and advice from 12-20 March. Dep. of Lands and Survey 799-760 Chch HNBKVMI NZ- Forest Service 791-040 Chch N.Z. HEART FOUNDATION ¥ j| SUPPORTS WALKWEEK

r SIMON & SARAH MERIVALE NOW ON

The National Mutual Life Association of Australasia Limited and T&G Mutual Life Society Limited T&G Mutual Life Society Limited (T&G') and Upon application made by T&G and NML the assets on the other hand will become entitled in section 10 thereof and NML may give effect to the quorum for general meetings of mem- New Guinea. The National Mutual Life Association of Australasia Federal Court of Australia on the 15th December, and subject to the rights and liabilities which to those provisions notwithstanding anything in bers of T&G after the Effective Date and to the 122 Contractual payments under any policy on Limited ('NML') propose to amalgamate their 1982 directed that neither copies of the Scheme immediately before the Effective Date existed the instruments constituting T&G and NML or Directors of T&G not automatically ceasing to be any register in Australia, New Zealand, Papua businesses. nor of any report received by the Life In- between those holders and persons on the one in their respective articles of association or Directors on the Effective Date and that nothing New Guinea and elsewhere will not be affected Subject to the approval of the Federal Court of surance Commissioner in accordance with the hand and T&G and its No. 1 and No. 2 other rules. The following is a summary of in the Scheme transfers, or will be deemed to by the implementation of the Scheme. We have Australia all life insurance responsibilities of T&G provisions of section 75(1) of the Act nor sum- Statutory Funds respectively and other assets paragraph 102 which relates to those of the provide for a transfer of, goodwill from T&G to no doubts that all policy benefits will be at would become the responsibilities of NML This maries thereof need be transmitted to any on the other hand; Policies as are on the New Zealand register. NML or prevents a re-allocation of assets, after least as ; secure as a result of the immeans that the insurances under T&G life policies policyowner of T&G or NML Neither copies of (d) The holders of the Policies will cease to be NML should undertake to implement the the Effective Date, between NML's statutory piementation of the Scheme and our proposals, would then be provided by NML It is proposed the Scheme nor summaries will be furnished to members of T&G. proposals contained in the Actuaries' Report in funds. 12.3 We do not consider that the financial exthat the amalgamation would take place on Ist any policyowner of any class affected by the (e) NML NM Computer Services Pty Ltd, respect of those of the Policies as are on the 7. The Scheme will be binding on all persons pectations of any policyholder on any register in April 1983. Scheme, except in the case of certain National Mutual Corporation Pty Ltd, NML New Zealand register which are summarised and will have effect notwithstanding anything in Australia, New Zealand, Papua New Guinea and Set out below is policyowners of NML with addresses outside Nominees (Canberra) Ltd and NM Superan- below:- the instruments constituting T&G and NML or elsewhere will be adversely affected by the (1.) Formal notice of the proposed amalgamation; Australia, New Zealand and Papua New Guinea, nuation Pty Ltd will become members of T&G (i) Reversionary and terminal bonuses to be in their respective articles of association or implementation of the Scheme and our (2.) A Summary of the Scheme for the Notice is also given that any person who in the (f) The holders of tire Policies will become allotted to T&G policies will be linked in the other rules. The following is a summary of the proposals in particular. amalgamation, including the agreements proposed opinion of the Court is likely to be affected by the members of NML manner described in the Actuaries' report to terms of the Agreements proposed to be en- (a) For T&G policies which are entitled to parte be entered into between T&G and NML and; Scheme is entitled to be heard by the Court It (g) persons who are enrolled on the postal those to be allotted to, corresponding NML tered into by T&G and NML and which are set ticipate in profits by way of bonus additions, (3.) A summary of the report on the Scheme would be helpful if any such person who wishes voters' roll established by T&G will be deemed policies. out in Annexes to the Scheme and under which the rates of bonus to be allotted in the future prepared by the Chief Actuaries of T&G and NML to be heard by the Court would advise - to duly enrolled on the postal voters' roll (jj) Bases for determining surrender values and it is proposed to effect the amalgamation; will be linked to those under corresponding NML The Nitioml Mutual Life Anochtion of Messrs Mallesons established by NML policy alterations will as far as and as soon as 1. The agreements have no effect unless and policies on a basis we consider to be fair and Austratesa Limied and T&G Mutual life Solicitors (h) Lindsay James Yeo, Alan Robert Lobban, practicable be the same for T&G policies as for unfits a sdieme for the amalgamation pursuant to reasonable Bonuses will be linked from 1 April Society Limited 121 William Street James Campbell Johnston, Athol Dennis Lap- corresponding NML policies. The change from Division 9 of Part 111 of the Life Insurance Act 1983, the proposed Effective Date for the Notice is hereby given that T&G Mutual Life MELBOURNE VIC 3000 J 3 " l ® B Bolton LesfiB - Kennetil Dou 9 ,3 S T&G to NML surrender value bases will not of the life insurance business of T&G with the Scheme to become operative. Rates of reverSodety Limited (T&G') and The National Mutual AUSTRALIA John Coventry, James Merrick Tyler and John reduce the amount of any surrender value life insurance business of NML which is ac- skmary bonuses for all T&G policies are being Life Association of Australasia Limited ('NMLI in- Attention: Mr BJ. Walter Douglas Higgs, who are Directors of T&G, will when the change is made. ceptable to T&G and NML is confirmed by the increased as a result of its 1982 valuation as tend to make an application for confirmation by at least 7 days before the hearing by the Court of become Directors of NML by virtue of the (iii) Premium reductions will apply to T&G Court announced in the annual report for the year entire Federal Court of Australia of a Scheme under the application for confirmation. Scheme and without any further act deed in- group life policies from 1 October 1983 on the 2. Under the agreements NML will on the Ef- ded 30 September 1982. Rates for all T&G Division 9of Part 111 of lhe Life Insurance Act 1945 The Scheme has no effect unless and until it is strument or resolution other than appropriate same basis as corresponding NML policies. fective Date acquire the beneficial interests in policies will be further increased as a conof the Commonwealth of Australia (The Act) in confirmed by the Court either without amendement of T&G's and NML's postal voters (iv) T&G policyholders with investment-linked all the assets of T&G's statutory funds, the sequence of the Linkage to NML rates of bonus, relation to the life insurance businesses of T&G modification or subject to any modifications ap- mIL superannuation policies will be advised in ac- beneficial interests so acquired in the assets of Similarly for some T&G policies becoming and NML They intend to make the application for proved by the Court and agreed to by T&G and On ttle Effective 0316 the hoiders of 1,16 coniance with policy conditions of changes to T&G's No. 1 Statutory Fund becoming assets of claims terminal bonuses will also be payable, confirmation on 24th March, 1983 or on such later NML Policies will be deemed to have agreed to made thereto. the No. 1 Statutory Fund maintained by NML (b) We have made proposals which we regard date as the Court appoints. It is intended that the A SUMMARY OF THE SCHEME FOLLOWS: cease to be members of T&G and to become 4. Any legal proceedings pending by or against under the Life Insurance Act in respect of its as fair and reasonable for the following policies application will be made in Canberra in the 1. (1) On the Effective Date (Ist April, 1983, members of NML T&G on tee Effective Date in respect of any of life insurance business and the beneficial in- of the Australian and New Zealand registers:Australian Capital Territory. Copies of the Scheme subject to any change of that date approved by 2. With effect on and from the Effective Date - the Policies or the liabilities of T&G in respect terests so acquired in the assets of T&G's No. (i) deposit administration policies where and of every report received by the Life Insurance the Court and agreed to by T&G and NML). to) Until otherwise provided by amendment of of its life insurance business or the assets of 2 Statutory Fund becoming assets of the No. 2 interest allocations are made to accounts for Commissioner in accordance with the provisions (a) NML will assume and thereafter indemnify too relevant Policy, a reference 'in a Policy its statutory funds will be deemed continued by Statutory Fund so maintained by NML the purpose of determining benefits. of section 75(1) of the Act will for the period of 15 T&G in respect of all liabilities both acutual and to the artides of association of T&G will have or against NML (as the case may be) by virtue T&G and NML may enter into a reinsurance (ii) group life policies with participation in days after the publication of this Notice be contingent of T&G under the life policies, in- effect as a reference to the articles of of the Schema agreement before the Effective Date whereby profits or with reductions of premium; available for inspection by any policyowner or eluding superannuation policies and continuous association of NML and; 5. NML will with all reasonable despatch after NML would reinsure T&G's liabilities to (iii) investaient-linked policies. creditor of T&G and by any policyowner or disability insurance contracts, issued by T&G (b) Until otherwise provided by amendment of the Effective Date send by pre-paid ordinary policyowners in that , case the terms of the 12.4 Subject to matters relating to stamp duties creditor of NML at the undermentioned addresses which on lhe Effective Date are current or the relevant superannuation trust deed, a post to every holder of a Policy on the Effective Agreements may be modified or omitted. being resolved to our satisfaction, the Scheme of T&G, namely.- capable of revival (The Policies') and all other reference to T&G in a superannuation trust Date a document informing him that the SUMMARY OF THE ACTUARIES' REPORT as proposed has our full support It is regarded Comer Lambton Quay and Grey Street, Wellington, liabilities of T&G in respect of its life insurance deed in force on the Effective Date will have Sdieme has become effective on the date The Actuaries' Report contains the following by us as being far and resonable to both tran17 Afcert Street, Auckland. business, being liabilities property chargeable to effect as a reference to NML by virtue of the specified in the document and that accordingly summary of the report sterling T&G and existing NML policyholders." Comer Hereford and Liverpool Street, the statutory funds maintained by T&G in Scheme and without any further act deed in- on and from that date NML is, by virtue of the "12.1 As from a date determined by the Federal ciuumdiec Christchurch. respect of its life insurance business; strument or resolution. Scheme, liable in place of T& G for payment Court, and subject to its approval, the life in- THIS NOTICE AND THESE SUMMARIES and the undermentioned addresses of NML (b)T&G will be released from all further liability 3. NML will undertake to the Court to give ef- of any sum payable under the Policy PROVIDED surance business of T&G will be amalgamated ARE ISSUED BY THE NATIONAL MUTUAL namely. under the Policies; *" feet to the provisions of the Actuaries'report on that, in the case of a Policy which is not with that ,of NML We understand that NML LIFE ASSOCATION OF AUSTRALASIA 70 The Terrace, Wellington (c) Subject to the Scheme, the holders of the the Scheme prepared by Brian Frederick current but is capable of revival, NML need not will undertake to implement the prof»sals listed LIMITED AND T&G MUTUAL UFE SOCIETY 41 Shortland Street, Auckland. Policies and all persons claiming through or un- Honey and John Kent, the Chief Actuaries of send such a document until the Policy has been in section 10 of this report, which are of LIMITED 152 Hereford Street, Christchurch. der them on the one hand “and NML and its T&G and NML respectively, and dated 17th revived. relevant to policies on the> registers of the The Octagon, 10 George Street, Dunedin. No. 1 and No. 2 Statutory Funds and other January 1983 ('the Actuaries Report) referred to 6. The Scheme also contains provisions relating companies in Australia, New Zealand and Papua