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Regulation 12

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Amended

Last amended by an amending law of 1995. 2 amendments in all.

The interest payable by New Zealand Milk Products Treasury (Singapore) Pte. Ltd. to the following companies shall be exempt from tax from 1st September 1993 to 31st August 1998:(1) New Zealand Milk Products (M) Sdn. Bhd.

(2)

Susumas Sdn. Bhd.

(3)

Dairymas (M) Sdn. Bhd.

(4)

New Zealand Milk Products (F.E.) Ltd.

(5)

New Zealand Milk Products (F.E.) Ltd, Taiwan branch.

(6)

Manzdel Distributors Ltd.

(7)

New Zealand Milk Products Bangladesh Ltd.

(8)

New Tai Milk Products Co. Ltd.

(9)

NZ Milk Products (Thailand) Co. Ltd.

(10)

Tira Anchor Indonesia.

(11)

New Zealand Milk Products (China) Ltd.

(12)

PNZ Packers Inc.

(13)

PNZ Marketing Inc.

(14)

Philippine Dairy Products Corporation.

(15)

New Zealand Milk Products Lanka (Private) Ltd.

(16)

New Zealand Dairy Board.

(17)

New Zealand Dairy Board Finance.

(18)

Dairy Investments (Bermuda) Ltd.

(19)

Dairy Board Finance Corporation Ltd.

(20)

New Zealand Dairy Board Finance Ltd.

(21)

New Zealand Dairy Board Finance (U.K.) plc.

(22)

New Zealand Milk Products (S.A.) Pty. Ltd.

(23)

Anchor Foods Ltd. (24) Milk Products Holdings (Europe) Ltd. (25) NZ Cattle Semen Import (U.K.) Ltd. (26) Diary Industries Jamaica Ltd. (27) Milk Products Holdings (Latin America) Ltd. (28) New Zealand Milk Products (Florida) Inc. (29) New Zealand Milk Products (Middle East) E.C. (30) Milk Products Holdings (North America) Inc. (31) New Zealand Milk Products (U.K.) Ltd. (32) New Zealand Milk Products (Europe) Ltd. (33) New Zealand Milk Products (Italia) SLR. (34) Milk Products (N.Z.) Ltd. (35) New Zealand Dairy Services (Latin America) Inc.

Subregulation 1

New Zealand Milk Products (M) Sdn. Bhd.

Subregulation 2

Susumas Sdn. Bhd.

Subregulation 3

Dairymas (M) Sdn. Bhd.

Subregulation 4

New Zealand Milk Products (F.E.) Ltd.

Subregulation 5

New Zealand Milk Products (F.E.) Ltd, Taiwan branch.

Subregulation 6

Manzdel Distributors Ltd.

Subregulation 7

New Zealand Milk Products Bangladesh Ltd.

Subregulation 8

New Tai Milk Products Co. Ltd.

Subregulation 9

NZ Milk Products (Thailand) Co. Ltd.

Subregulation 10

Tira Anchor Indonesia.

Subregulation 11

New Zealand Milk Products (China) Ltd.

Subregulation 12

PNZ Packers Inc.

Subregulation 13

PNZ Marketing Inc.

Subregulation 14

Philippine Dairy Products Corporation.

Subregulation 15

New Zealand Milk Products Lanka (Private) Ltd.

Subregulation 16

New Zealand Dairy Board.

Subregulation 17

New Zealand Dairy Board Finance.

Subregulation 18

Dairy Investments (Bermuda) Ltd.

Subregulation 19

Dairy Board Finance Corporation Ltd.

Subregulation 20

New Zealand Dairy Board Finance Ltd.

Subregulation 21

New Zealand Dairy Board Finance (U.K.) plc.

Subregulation 22

New Zealand Milk Products (S.A.) Pty. Ltd.

Subregulation 23

Anchor Foods Ltd.

Subregulation 24

Milk Products Holdings (Europe) Ltd.

Subregulation 25

NZ Cattle Semen Import (U.K.) Ltd.

Subregulation 26

Diary Industries Jamaica Ltd.

Subregulation 27

Milk Products Holdings (Latin America) Ltd.

Subregulation 28

New Zealand Milk Products (Florida) Inc.

Subregulation 29

New Zealand Milk Products (Middle East) E.C.

Subregulation 30

Milk Products Holdings (North America) Inc.

Subregulation 31

New Zealand Milk Products (U.K.) Ltd.

Subregulation 32

New Zealand Milk Products (Europe) Ltd.

Subregulation 33

New Zealand Milk Products (Italia) SLR.

Subregulation 34

Milk Products (N.Z.) Ltd.

Subregulation 35

New Zealand Dairy Services (Latin America) Inc.

Report