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\rsid16414360\rsid16661602\rsid16672894\rsid16676209}{\*\generator Microsoft Word 11.0.5604;}{\info{\title NIUE DEVELOPMENT BONDS ACT 1994}{\author sam_f}{\operator freriks_k}{\creatim\yr2009\mo3\dy24\hr16\min59}{\revtim\yr2009\mo4\dy16\hr10\min33}
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\s15\qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid881515 \f35\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\insrsid881515\charrsid10376086 NIUE LAWS 
\par LEGISLATION AS AT DECEMBER 2006}{\f0\insrsid881515\charrsid10376086 
\par }\pard\plain \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid881515 \f35\fs24\lang2057\langfe1033\cgrid\langnp2057\langfenp1033 {\b\f0\insrsid881515\charrsid10376086 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid7102484 NIUE DEVELOPMENT BONDS ACT 1994}{\b\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid7102484\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 1994/181 \endash  28 March 1994}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid7102484\charrsid7102484 PART 1
\par PRELIMINARY
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 1 Short title
\par 2 Interpretation}{\f0\insrsid7102484 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid7102484\charrsid7102484 PART 2
\par NIUE DEVELOPMENT BONDS
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par 3 Power to issue Bonds
\par 4 Terms of issue
\par 5 [Repealed]
\par 6 Prospectus
\par 7 Non-resident withholding tax
\par 8 Part of Income Tax Act
\par 9 Jurisdiction
\par 10 Secrecy}{\f0\insrsid7102484 
\par }{\f0\insrsid7102484\charrsid7102484 
\par SCHEDULES
\par }{\f0\insrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484 _______________________
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid1272048 {\b\f0\insrsid9450010\charrsid7102484 To enable the Niue Bank to borrow money for development}{\b\f0\insrsid1272048  }{\b\f0\insrsid9450010\charrsid7102484 
purposes by issuing Niue Development Bonds}{\b\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid7102484\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid7102484 PART 1
\par PRELIMINARY}{\b\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid1272048 {\b\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid7102484 1 Short title}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 This is the Niue Development Bonds Act 1994.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 2 Interpretation}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 In this Act \endash }{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 applicant}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means any eligible person making an application for a Bond;
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Bank}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484  means the Niue Bank;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Bond}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484  means a Niue Development Bond issued under this Act;}{
\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 bond certificate}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means a bond certificate in the form specified in Schedule}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 3 issued by the Bank;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 bondholder}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means a holder in due course of a Niue Development Bond;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 date of commencement}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means the date of receipt by the Bank of an}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 application plus any payment required by clause 3(4) of Schedule 1;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 date of repayment}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means the date on which the Bank is required to make}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 available the amount of the Bond and any interest required to be paid}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
under clause 6 of Schedule 1;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 maturity}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484  means the date on which a Bond becomes repayable;}{
\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 memorandum of transfer}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484  means a memorandum of transfer }{
\f0\insrsid7866599\charrsid7102484 in the}{\f0\insrsid9450010\charrsid7102484  form}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 specified in Schedule 4;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Minister}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484  means the Minister of Finance;}{\f0\insrsid9450010 

\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 non-resident}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means a non-resident for the purposes of the Income Tax}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Act 1961;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Register}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means the register of Bondholders kept by the Bank under this}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Act;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 special terms}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 
 means those additional terms of issue approved by Cabinet}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 in accordance with clause 10 of Schedule 1;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Treasurer}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484  means the Treasurer as defined in 
the Income Tax Act 1961.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid7102484 PART 2
\par NIUE DEVELOPMENT BONDS
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 3 Power to issue Bonds}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Notwithstanding any other provision of this Act or any rule of law, the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Bank may, with the approval of Cabinet, issue negotiable fixed or floating rate}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 coupon bonds if it appears to the Bank to be necessary or expedient in the public}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 interest to do so.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) Any Bonds issued under this Act shall be termed }{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Niue Development}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Bonds}{\f0\insrsid7102484 "}{
\f0\insrsid9450010\charrsid7102484 .}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 4 Terms of issue}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) The Bonds shall be issued by the Bank under the terms and conditions}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 of issue specified in Schedule 1 (which shall include any Special Terms approved}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 by Cabinet in accordance with clause 10 of Schedule 1) as may be amended,}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 provided that no amendment s
hall affect the terms of issue of any Bond on issue}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 at that time until the Bank is renewed.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) The Bank shall have the right to amend the terms and conditions of}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 issue upon written notification to Bondholders of any amendments to the terms}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 and conditions of issue.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) If the Bank notifies existing bondholders of amendments to the terms}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 and conditions of issue not less than one month prior to the date of repayment,}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 the amended terms and conditions of issue shall apply for any renewed term}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 commencing from the date of repayment.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (4) If the Bank fails to notify any amendments to the terms and conditions}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 of issue within the period specified in subsection (3), the existing terms and}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 conditions of issue shall apply for any renewed term commencing from the date}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 of repayment.
\par }{\b\f0\insrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 5 }{\f0\insrsid9450010\charrsid7102484 [Repealed]}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 6 Prospectus}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) The Bank shall prior to any issue of Bonds offer them for subscription}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 by way of registered prospectus.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) The prospectus shall be registered with the Minister.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) The prospectus shall include the terms and conditions of issue specified}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 in Schedule 1 (which shall include any Special Terms approved by Cabinet under}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 clause 10 of Schedule 1).}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 7 Non-resident withholding tax}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Every Non-Resident Bondholder who derives interest on a bond shall}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 be liable to non-resident withholding tax upon that interest at the domestic tax}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 rate for resident companies on the gross amount of interest.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) Where the Bank makes an interest payment to a Bondholder under this}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Act, it shall, at the time of making the payment, make a deduction of non-resident}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 withholding tax therefrom at the rate referred to in subsection (1).
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) The Bank, upon making a deduction of non-resident withholding tax,}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 shall not later than the 20th day of the month next after the month in which the}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Bank has made any such deduction, pay to the Treasurer the amount of the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 deduction.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (4) The Bank shall not later than the 20th day of the month next after the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 month in which the Bank has made a deduction under subsection (2), deliver to}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 the Treasurer a statement specifying the gross interest payable to the non-resident}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Bondholder and any deductions made from it.}{
\f0\insrsid9450010 
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (5) The interest payable to the non-resident Bondholder by the Bank shall}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 not be included in the return of assessable income of the non-resident Bondholder}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 and the amount of income tax for which the non-resident Bondholder is liable in}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
respect of the amount of the interest derived by the Bondholder in any income}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 year shall be determined exclusively and finally by the total amount of Non-}{\f0\insrsid7102484  }{
\f0\insrsid9450010\charrsid7102484 Resident withholding tax for which the Bondholder is liable by virtue of subsection}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 (1).}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 8 Part of Income Tax}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) [Spent]}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) The non-resident withholding tax imposed by section 7 shall be deemed}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 to be a tax on assessable income for the purposes of the Income Tax Act 1961.}{
\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 9 Jurisdiction}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 The law of Niue shall apply unless expressly excluded by this Act.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 10 Secrecy}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Except where the provisions of this Act require, it shall be an offence}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 for any person to divulge or communicate to any other person information relating}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 to the establishment, constitution, business, undertaking or affairs of an applicant}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 or Bondholder.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) An offence proved to have been committed under this section shall be}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 liable upon conviction to imprisonment for a term not exceeding 1 year, or to a}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 fine not exceeding 100 penalty units, or both.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) Notwithstanding subsection (1), an offence shall not be committed}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 where information is divulged or made available to the extent reasonably required}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 in the circumstances to any foreign Government or any court or tribunal of any}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
country including Niue but only if and to the extent that the Court so directs,}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 having been satisfied that the information is required and will be used solely for}{\f0\insrsid7102484  }{
\f0\insrsid9450010\charrsid7102484 the purposes of an investigation or prosecution of any person in relation to the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
sale, or the laundering of the proceeds of sale, of any prohibited narcotic substances}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 or the laundering of the proceeds gained from any other serious criminal activity,}{\f0\insrsid7102484  }{
\f0\insrsid9450010\charrsid7102484 whether that sale or laundering or other serious criminal activity occurred in Niue}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 or elsewhere.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (4) Nothing in this section shall prevent the Court from requiring any}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 person to produce documents or to give evidence in any proceedings of any facts}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 relevant in such proceedings in a court in Niue.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash 
\endash \endash \endash \endash 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid2316034 SCHEDULES
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid7102484\charrsid2316034 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid2316034 SCHEDULE 1
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid1272048 {\b\f0\insrsid1272048\charrsid2316034 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid2316034 TERMS AND CONDITIONS OF ISSUE
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 1 Eligibility}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Bonds issued under this Act may be held by \endash }{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (a) An individual;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (b) Two or more persons as joint tenants;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (c) Any limited liability company;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (d) Any partnership, special partnership or limited liability partnership;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (e) Any trust or trustee; and}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (f) Any other corporate entity.}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) If at any time a Bondholder is not eligible to hold a Bond the Bank reserves}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 the right to repay any Bonds issued under this Act.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 2 Niue Development Bonds}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) The Bank may issue Bonds in multiples of NZ$500,000 or in such other}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 multiples as Cabinet may approve.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) The Bonds will be issued at par.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 3 Applications}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Any person eligible to hold a Bond may make an application to the Bank in}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 the form specified in Schedule 2.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) The Minister may impose a limit upon the value of Bonds that a Bondholder}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 may hold.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) Applications lodged after 3pm at any receiving office of the Bank shall be}{\f0\insrsid7102484  deemed }{\f0\insrsid9450010\charrsid7102484 to have been received on the first working day
 following the date of lodgement.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (4) Applications must be accompanied by the full issue price and must be received}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 prior to the designated Closing Date (}{\f0\insrsid7102484 "}{
\f0\insrsid9450010\charrsid7102484 the Closing Date}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 ).}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (5) The Bank reserves the right to decline any application or applications and to}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 close any or all maturities of Bonds issued pursuant to this Act.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (6) All amounts received prior to the Closing Date will be banked into the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Government of Niue\rquote s Consolidated Account for the Applicant\rquote 
s account until the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 application is accepted at which time they will be held on the Government of Niue\rquote s}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 account.}{
\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (7) Upon acceptance by the Bank of an application the Bank shall issue a Bond}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Certificate to the Bondholder in the form specified in Schedule 3.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (8) In the event the Issue is over-subscribed the Minister, whose decision shall in}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
all respects be final, will direct the Niue Bank to allocate the Bonds amongst applicants in}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 order of magnitude of subscription amount, after which any unallocated subscriptions}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 will be returned to the applicant, together with interest on it.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 4 Registration}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) The Bank shall keep a Register of all Bonds issued under this Act.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) The Register may be kept in book form, or in the form of a paper or card}{\f0\insrsid7102484  record, }{\f0\insrsid9450010\charrsid7102484 
or by computer or any device by means of which information is recorded or stored.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 If the Register is kept by computer or any such device \endash 
\par }{\f0\insrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (a) The recording or storing of any information in it shall be deemed to be}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
the entry of it in the Register; and
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (b) Any material subsequently derived from information so recorded or stored}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
shall be deemed to be an extract from the Register.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) The Bank shall cause to be entered in the Register the following particulars of}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 every Bondholder \endash }{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (a) The name and address of the Bondholder;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (b) The amount of Bonds held by the Bondholder;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (c) The rate of interest payable in respect of the Bond;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (d) The date or dates on which the interest is payable;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (e) The due date of repayment of the Bond;}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 (f) Such other particulars as may be required by the Bank.}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (4) Any extract from the Register, certified as correct by an officer of the Bank}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
purporting to act in the course of his duties as such shall, in the absence of evidence to the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 contrary, for all purposes and in all courts, be sufficient evidence of the entry in the Register}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 to which the extract relates as on the date when the extract was so certified. Any such}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
certificate purporting to have been signed by such an officer shall, in the absence of proof}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 to the contrary, be deemed for all purposes to have been duly signed by such an officer.}{
\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (5) The Bank may, on such evidence as appears to it to be sufficient, correct errors}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
and remedy omissions in the Register or any entry in it or in Bond Certificates, and may}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 call in any outstanding bond certificate for that purpose.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (6) Where 2 or more persons are registered as the Bondholders of the same Bond}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 by virtue of any application
, memorandum of transfer, or other instrument, then, unless}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 the contrary is expressed in the application, memorandum of transfer, or other instrument,}{\f0\insrsid7102484  }{
\f0\insrsid9450010\charrsid7102484 the persons shall be deemed to hold the stock as joint tenants with right of survivorship.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (7) On application by any Bondholder, the Bank shall issue to the applicant a}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
bond certificate certifying that the applicant is the registered Bondholder referred to therein}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 (being the whole or any part of the amount of the Bond of which the Bondholder is the}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 registered holder).}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (8) Any bond certificate shall be conclusive evidence of the ownership of the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
Bond to which it relates by the person named therein as the Bondholder. The Register}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 shall be maintained confidential by the Bank, such that only a registered Bondholder}{\f0\insrsid7102484  }{
\f0\insrsid9450010\charrsid7102484 may have access to the Register for the purposes of confirming its position as Bondholder.
\par }{\f0\insrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (9) Subject to clause 7 the transfer, whether by delivery or otherwise, of any such}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Bond Certificate shall not operate as a transfer of the legal or equitable i
nterest of the}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Bondholder to which it relates. The Bank shall not re}{\f0\insrsid7102484 pay nor record any dealing with }{\f0\insrsid9450010\charrsid7102484 any}{\f0\insrsid7102484  }{
\f0\insrsid9450010\charrsid7102484 Bond for which a bond certificate has been issued, unless the bond certificate has been}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 produced to and cancelled by the Bank.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (10) The Bank shall enter in the Register particulars of the issue of every bond}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 certificate.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (11) Where any bond certificate has been lost, destroyed, mutilated or rendered}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
illegible, the Bank, on receiving evidence to its satisfaction of the loss or destruction or, as}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 the case may be, on the surrender of the mutilated or illegible bond certificate, may, on}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 such terms and subject to such conditions as the Bank prescribes, issue a substitute bond}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 certificate with the word }{\f0\insrsid7102484 "}{
\f0\insrsid9450010\charrsid7102484 substitute}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484  stamped or written on it, and shall record the issue}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 of it in the Register.}{
\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (12) Every such substitute bond certificate shall have the same effect to all intents}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 and purposes as the original bond certificate for which it is substituted.
}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 5 Term}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Bonds shall be issued for a term of one or more years from the date of}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 commencement and, if approved by Cabinet, may be subject to a right of renewal for a}{
\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 further period of one or more years.
\par }{\b\f0\insrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 6 Interest}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Interest shall be payable on the par value of the Bond at the rate specified on}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 it.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) Interest is to be calculated from the date of commencement.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) Interest will be payable quarterly in arrears, the first interest payment to be}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 made 3 calendar months from the date of commencement and subsequent interest
}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 payments to be made at 3 calendar monthly intervals thereafter until maturity.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (4) Interest will be credited without apportionment to the Bondholder\rquote s}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
nominated account at any registered bank or other financial institution in Niue or New}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Zealand or any other country.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 7 Transferability}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Each Bond issued will be a negotiable transferable certificate of deposit. A}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
Bondholder may, by memorandum of transfer in the form specified in Schedule 4, transfer}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 the total amount of Bonds held or any part of it to another eligible party.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) On production of a duly executed memorandum of transfer, the Bank shall}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
enter in the Register the name of the transferee as the registered Bondholder of the Bond}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 to which the memorandum of transfer relates.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) Every such entry shall operate as a transfer of the Bonds to which it relates,}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 and shall vest those Bonds in the transferee.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (4) The Register will close for registration of transfers 10 days prior to each}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 quarterly interest date.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 8 Bonds as security}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Bonds may be mortgaged, charged, or pledged by the Bondholder.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 9 Repayment}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (1) Subject to clause 5(2), Bonds will be repaid on the date of repayment.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (2) At the date of repayment, Bondholders will receive the par value of the Bond}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 plus interest on it for 3 calendar month interval preced
ing the date of repayment.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (3) Repayment shall be made in the method specified for the payment of interest}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 in clause 6(4).}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 10 Special Terms}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Bonds may be issued on such other additional terms as Cabinet may approve.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash 
\endash \endash }{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid2316034 SCHEDULE 2
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid1272048 {\b\f0\insrsid1272048\charrsid2316034 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid9450010\charrsid2316034 APPLICATION FORM}{\b\f0\insrsid7102484\charrsid2316034 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid1272048 {\b\f0\insrsid1272048\charrsid2316034 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid7102484\charrsid2316034 "}{\b\f0\insrsid9450010\charrsid2316034 Application for Niue Development Bonds}{\b\f0\insrsid7102484\charrsid2316034 "}{
\b\f0\insrsid9450010\charrsid2316034 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 To Niue Bank
\par [Address]}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 A Investor Details}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 1 Surname }{\f0\insrsid7102484 \tab \tab }{\f0\insrsid9450010\charrsid7102484 First name(s)
\par (or Company name):}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 2 Address
\par (or registered office including contact person)}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 3 Telephone numbers}{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Business:
\par Facsimile:}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 4 Niue Tax Number}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 (Note: This will be allocated automatically upon acceptance of the application if the
\par applicant does not hold a Niue tax number).}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 I/We/The Company hereby }{\f0\insrsid7866599\charrsid7102484 apply (}{\f0\insrsid9450010\charrsid7102484 ies) for Niue Development Bonds upon the terms}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
and conditions set out in the Prospectus dated [Prospectus Date].}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 B Investment Details}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 1 No. of Bonds applied for:}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 2 Interest Rate: [Interest Rate}{\f0\insrsid7866599\charrsid7102484 ] %}{\f0\insrsid9450010\charrsid7102484  (Interest rate effective from [Prospectus Date]).}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
Notes: Multiples of NZ$500,000 (or such other multiples as may be approved}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 by Cabinet).}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Interest paid quarterly
\par Special terms of issue}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\b\f0\insrsid9450010\charrsid7102484 C Payment Authority}{\b\f0\insrsid9450010 
\par }{\b\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 1 Name of Bank Account:}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 2 Country:}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 3 Bank:}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 4 Bank Account No:}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 I/We/The Company hereby authorise(s) the Niue Bank to pay to the above bank account}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 
all interest and redemption proceeds which hereafter may become payable in respect of}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 Niue Development Bonds for which the Niue Bank acts as Registrar and to accept their}{\f0\insrsid7102484  }{
\f0\insrsid9450010\charrsid7102484 receipt as a full and final discharge, such order to remain in force until revoked by me/}{\f0\insrsid7102484  }{\f0\insrsid9450010\charrsid7102484 us/the Company in writing.}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Signature (signed on behalf of [The Company])}{\f0\insrsid9450010 
\par }{\f0\insrsid7102484\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Date:}{\f0\insrsid11288647  }{\f0\insrsid7102484 
\par }{\f0\insrsid11288647 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid11288647 {\f0\insrsid11288647 ___________________________
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7102484\charrsid1272048 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid11288647 {\b\f0\insrsid9450010\charrsid2316034 SCHEDULE 3
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid1272048 {\b\f0\insrsid1272048\charrsid2316034 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid11288647 {\b\f0\insrsid9450010\charrsid2316034 Form of Bond Certificate
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid11288647 {\f0\insrsid11288647\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid11288647 {\b\f0\insrsid9450010\charrsid2316034 Niue Bank
\par (being duly established under the Niue Bank Act 1994)
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid11288647\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Certificate No.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Certificate for Niue Development Bonds}{\f0\insrsid7102484 "}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Niue Bank
\par Treasury Department, Alofi, Niue}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Niue Development Bonds (hereinafter called }{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Development Bonds}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 ) constituted by this}{
\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 Certificate are issued pursuant to the Niue Development Bonds Act 1994.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Name and Address of Bondholder:}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 This is to certify that:}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 1 The Bondholder named in the above table is the registered holder of the principal}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 
amount of registered Development Bonds of $500,000 [or such other multiples as}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 Cabinet may approve from time to time] principal amount which is set out in the table}{\f0\insrsid7866599  }{
\f0\insrsid9450010\charrsid7102484 below.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 2 The Development Bonds comprised in this certificate bear interest at the interest rate}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 
set out in the table below and are redeemable at par on the date of maturity set out in}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 the table below.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 3 Interest on the development Bonds comprised in this certificate is payable on the Interest}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 Payment Dates set out in the table below and on the
 Date of Maturity.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 NUMBER OF DEVELOPMENT BONDS: (in words and figures)}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 INTEREST RATE:
\par INTEREST PAYMENT DATES:
\par DATE OF MATURITY:
\par COMMENCEMENT DATE:
\par SPECIAL TERMS:}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 CERTIFIED on behalf of the Niue Bank by:}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }\pard \ql \li3600\ri0\nowidctlpar\faauto\rin0\lin3600\itap0\pararsid7866599 {\f0\insrsid9450010\charrsid7102484 The Minister of Finance for Niue}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\f0\insrsid7866599\charrsid7102484 
\par }\pard \ql \li3600\ri0\nowidctlpar\faauto\rin0\lin3600\itap0\pararsid7866599 {\f0\insrsid9450010\charrsid7102484 Director of Niue Bank (appointed pursuant
\par to section 23(2}{\f0\insrsid7866599\charrsid7102484 ) (}{\f0\insrsid9450010\charrsid7102484 b) of the Niue Bank Act 1994)}{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\f0\insrsid7866599\charrsid7102484 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid9450010\charrsid7102484 NOTES}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 1 This certificate must be surrendered before any transfer of the whole or any number of}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 
the Development Bonds comprised therein can be registered and no other than a}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 multiple of NZ$500,000 [or such other multiples a}{\f0\insrsid7866599 s Cabinet may approve from time }{
\f0\insrsid9450010\charrsid7102484 to}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 time] principal amount of Development Bonds may be transferred.
\par }{\f0\insrsid7866599 
\par }{\f0\insrsid9450010\charrsid7102484 2 This certificate must be surrendered before redemption of the principal sum of the}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 Development Bonds comprised herein.
\par }{\f0\insrsid7866599 
\par }{\f0\insrsid9450010\charrsid7102484 3 A copy of the terms and conditions of issue can be requested from the Niue Bank at}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 any time.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\f0\insrsid9450010\charrsid7102484 \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash 
\endash \endash }{\f0\insrsid9450010 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7866599\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\b\f0\insrsid9450010\charrsid2316034 SCHEDULE 4
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid1272048 {\f0\insrsid1272048\charrsid1272048 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\b\f0\insrsid9450010\charrsid2316034 Memorandum of Transfer
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\b\f0\insrsid7866599\charrsid2316034 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\b\f0\insrsid9450010\charrsid2316034 Niue Bank
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 Memorandum of Transfer of Niue Development Bonds}{\f0\insrsid7102484 "}{\f0\insrsid9450010\charrsid7102484 (For use in respect of the transfer}{\f0\insrsid7866599  }{
\f0\insrsid9450010\charrsid7102484 of registered Niue Development Bonds)}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\f0\insrsid9450010\charrsid1272048 PART 1}{\f0\insrsid7866599\charrsid1272048 
\par }{\f0\insrsid9450010\charrsid1272048 Particulars
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Number of Development Bonds (in words and figures)}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Certificate No.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Interest Rate:}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Date of Maturity:}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Particulars of Registered Holder(s):}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Surname(s) }{\f0\insrsid7866599 \tab \tab }{\f0\insrsid9450010\charrsid7102484 (First name(s)) }{\f0\insrsid7866599 \tab \tab \tab }{\f0\insrsid9450010\charrsid7102484 Address
\par (or Company Name) (or Registered Office)}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 I/We/The Company hereby transfer(s) the Development Bonds described above to the}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 person/s/ company named below.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Signatures of Registered Holder(s) (or on behalf of Company):}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid1272048 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\f0\insrsid9450010\charrsid1272048 PART 2
\par Particulars of Transferee(s) of Development Bonds
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7102484 {\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Consideration}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Transferee(s)}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Surname(s) }{\f0\insrsid7866599 \tab \tab }{\f0\insrsid9450010\charrsid7102484 (First name(s)) }{\f0\insrsid7866599 \tab \tab }{\f0\insrsid9450010\charrsid7102484 Address
\par (or Company Name) }{\f0\insrsid7866599 \tab \tab \tab \tab \tab }{\f0\insrsid9450010\charrsid7102484 (or Registered Office)}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Tax No (if exempt from withholding tax please attach exemption certificates):}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 I/We/The Company confirm(s) that the Development Bond(s) described above has (have)}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 
been acquired on the terms and conditions pursuant to the Niue Development Bonds Act}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 1994 and I/We/the Company request(s) that such entries be made in the register as are}{\f0\insrsid7866599  }{
\f0\insrsid9450010\charrsid7102484 necessary to give effect to this transfer.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid1272048 PAYMENT AUTHORITY
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 I/We/The Company hereby authorise the Niue Bank to pay to the bank account below}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 all interest and redemption proceeds which 
hereafter may become payable in respect of}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 Niue Bonds of which the Niue Bank acts as Registrar and to accept their receipt as a full}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 
and sufficient discharge, such order to remain in force until revoked by me/us/the}{\f0\insrsid7866599  }{\f0\insrsid9450010\charrsid7102484 Company in writing.}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Name of Bank Account:}{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Country:
\par Bank:
\par Bank Account No:}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }{\f0\insrsid9450010\charrsid7102484 Signatures of Transferee(s) (or on behalf of the Company);}{\f0\insrsid9450010 
\par }{\f0\insrsid7866599\charrsid7102484 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid7866599 {\f0\insrsid9450010\charrsid7102484 Date:}{\f0\insrsid11087364\charrsid7866599 
\par }}