Timaru Finance

South Canterbury Finance and Mr Allan Hubbard

Timaru — South Canterbury Finance Limited Chief Executive Officer Sandy Maier welcomed the clear statement from Commerce Minister Simon Power that the Company is specifically excluded from the statutory management order encompassing some of the business interests of Allan and Jean Hubbard.

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Finance 6:45PM

Aorangi Securities, charitable trusts, and Hubbards placed into statutory management

Timaru — The Government has today placed Aorangi Securities, seven charitable trusts, and Mr Allan Hubbard and Mrs Margaret Hubbard into statutory management, Commerce Minister Simon Power announced.

A visual illustration of the manner in which investors' funds appear to have been used

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