Home' Greymouth Star : February 18th 2015 Contents Greymouth Star
Wednesday, February 18, 2015 - 3
Crash victim named
A 55-year-old Whangarei woman
who was killed in a crash in south
Taranaki on Monday has been
named by police. Shauna Leitch died
when her eastbound Nissan sedan
and a westbound Mazda hatchback
collided about 3km east of Waitotara
about 12.30pm. — NZ ME
A 30-year-old man has been
charged with murder and another
is facing firearms charges after
a shooting on Monday night. A
50-year-old Te Araroa man died after
he was shot on a property in the rural
settlement just after 7pm. Police are
yet to release his name. A 30-year-
old Te Araroa man has been charged
with murder and a 32-year-old
man, also from Te Araroa, is facing
a charge of recklessly discharging a
firearm. The 30-year-old is due in the
Gisborne District Court tomorrow,
while the 32-year-old has been bailed
to the same court next Monday.
— NZ M E -New Zealand Herald
Interim spy chief named
The Government has appointed a
new caretaker director for its spying
agency, and has begun the search for
a longer-term boss who can restore
trust after a bruising couple of years.
Deputy Solicitor-General Una
Jagose has been chosen to take over
as acting director of the GCSB when
Ian Fletcher stands down at the end
of the month. The State Ser vices
Commission yesterday began
advertising for a permanent director.
— NZ ME -New Zealand Herald
Car stuck on beach
A car ended up stuck on a
beach yesterday. Police central
communications Inspector Dave
Rose said a car left Paremata Road,
in Browns Bay, Wellington just after
1pm. The car then became stuck on
the beach, Mr Rose said. No one was
injured, he said. — N ZM E
New judges named
Four new District Court judges have
been appointed, Attorney-General
Christopher Finlayson has announced.
Dunedin lawyers Bernadette Farnan
and Tim Black and their Christchurch
colleagues Garry Collin and Mark
Callaghan have been appointed as
acting District Court judges with
Family Court warrants. Ms Farnan
and Mr Callaghan have been
appointed with jury warrants to ser ve
in the Invercargill District Court;
Mr Black has been appointed to the
Palmerston North District Court;
Mr Collin has been appointed to the
Hamilton District Court. They will be
sworn in in April.
— N ZME-New Zealand Herald
Numbers in Keno draw No 10836:
3, 8, 12, 13, 15, 17, 18, 22, 26, 39, 44,
51, 53, 54, 59, 61, 75, 78, 79, 80. Draw
No 10837: 4, 5, 7, 9, 16, 21, 24, 34, 35,
38, 42, 47, 49, 50, 59, 64, 66, 69, 72, 75.
Draw No 10838: 1, 3, 10, 14, 26, 30,
32, 35, 37, 39, 40, 41, 46, 49, 50, 52, 61,
62, 63, 69. Draw No 10839: 1, 10, 12,
14, 21, 26, 31, 32, 38, 40, 41, 42, 48, 52,
53, 61, 64, 69, 74, 79.
Lundy phone calls in spotlight
A probe into how three banks
marketed interest rate swaps to
farmers will see up to $24.2 million
go back to rural customers and
their communities, with Westpac
following ANZ and ASB and
settling with the Commerce
The result disappointed an advocate
for affected farmers, some who lost
their land after buying the swaps.
Westpac, in a settlement revealed
yesterday, has admitted its marketing
of interest rate swaps was likely to
mislead or deceive some customers
and the bank will now pay up to
$2.5m to 38 farmers after settling
The bank will also pay $250,000
to rural support trusts and the same
amount again for the commission’s
costs. Payments are likely to be
distributed to the farmers who
accept them by the end of July.
Westpac ’s deal with the commission
follows similar settlements from
ANZ and ASB.
An advocate for farmers who
entered into the swaps, Janette
Walker, said she was disappointed
“ Most of the farmers I’ve had
personal dealings with, their losses
and some of them have wound
up losing their farms completely —
have been around the $2m to $4m
mark,” Ms Walker said.
Westpac ’s $2.5m payout for the 38
eligible farmers was, on average, less
than $100,000 each, she said.
“ It certainly doesn’t mitigate the
whole loss to most farmers, not by a
long stretch. ”
investigated Westpac’s conduct
around the swaps and negotiated a
settlement with the bank — said the
payment was in the order of what
it could have recovered if there had
been a successful trial.
Between 2005 and 2009, a number
of New Zealand banks marketed
and negotiated the swaps, which
are a financial derivative product
that allow borrowers to manage
the interest rate exposure on their
The commission was of the opinion
that Westpac ’s behaviour gave some
customers the impression that
margins on interest rate swaps loans
would not change.
But the regulator said yesterday
that the bank could, and in some
cases did, increase margins.
The commission said that Westpac’s
behaviour was misleading and was
likely to have breached the Fair
Trading Act. While the bank denied
all of the allegations, it admitted that
between October 2005 and August
2008 it breached the Fair Trading Act.
It admitted that some of its conduct
was likely to mislead or deceive some
customers because it represented that
their swap arrangements fixed the
cost of borrowing, when in fact the
margins on the loans underpinning
the swaps could increase. The bank
does not admit that any customers
suffered or was likely to suffer any
loss from its actions.
— NZ ME-New Zealand Herald
Bank settlements to farmers top $24m
A man accused of murdering a 33-year-
old man in an alleged hit and run incident
in Welcome Bay Road will defend the
allegation at trial in September.
Raymond Green, 32, appeared in the
High Court at Tauranga today before
Justice Timothy Brewer and denied one
count of murder and refusing to provide
a blood specimen.
Green, who is accused of mowing
down Ilya Kojevnikov about 11pm on
February 2 this year, will next appear in
the High Court at Tauranga on April 22
for a case review hearing.
application is set down to be heard on
February 22 with Green’s attendance
Justice Brewer ordered a jury trial be
scheduled to commence in the High
Court at Rotorua on September 28 this
year. — N ZM E-Bay of Plenty Times
trial date set
Double murder accused Mark Lundy
made numerous calls to his home on
the day his wife and daughter were
found murdered in their house, phone
Evidence was given in the High
Court at Wellington today about how
many calls Lundy made and where he
made the calls from.
The 56-year-old has denied Crown
accusations that he bludgeoned his
wife Christine, 38, and their seven-
year-old daughter Amber with a
tomahawk in the early hours of
August 30, 2000.
Andrew Buchanan, of Whanganui
CIB, told the court that Lundy made
about a dozen calls on the morning
the bodies were discovered.
Most of the calls were to his wife’s
cellphone or the landline for their
business, Marchris, that was based in
the couple’s home.
There were no calls made by Lundy
between 12.37am on August 30 until
8.54am that day.
The call made at 12.37am was to a
business and the next call was made
to a graphic designer friend, Bronwyn
Neal, Mr Buchanan said.
Telecommunications expert Peter
McFarlane told the court that records
could show where a call was being
made from based on information
from various cellphone sites.
He showed where calls were made by
Lundy on August 29, with cellphone
sites showing he was travelling south
towards Wellington through Shannon
and along the Johnsonville-Porirua
The court was yesterday told Mr
Lundy tried to buy 44ha of land in
the Hawke’s Bay for $2 million to
develop into a vineyard, and planned
to raise the capital for the land and
development through shares and
He needed to attract investments
of at least $2.8m within four months
of the prospectus for the company,
Winegrowers’ Ltd, being launched;
just $108,500 was committed and the
plan fell over about the time his wife
and daughter were killed.
Allan Clarke, a horticulture and
viticulture specialist for more than
40 years, yesterday told the court he
looked at the land for Mr Lundy
and appraised it as being suitable for
His report was included in the
prospectus — a document he did
not see until a few months ago and
which he described as being “short
on detail” and having figures which
were “quite rounded, almost as if
they ’d been taken from another
He estimated it would have cost
about $2.14m to develop the vineyard,
and that excluded such things as water
reticulation and staffing.
He also said a manager would need
to be on site from day one, at a cost
of about $60,000 a year; Mr Lundy
had told people he would be earning
$80,000 a year managing the vineyard
from afar, and that it would take only
a few hours a week.
Mr Clarke said he recommended
the land to American buyers after the
sale to Mr Lundy fell through, and
that they developed it into Paritua
However, they lost the vineyard
during the 2008 recession and it was
now owned by Chinese interests.
Police forensic accountant Reginald
Murphy yesterday gave detailed
evidence of the Lundys’ financial
position at the time of the deaths,
including their personal finances,
those of their kitchen sink distribution
company Marchris Enterprises
and the proposed vineyard venture,
Asked whether they were solvent as
at August 29, 2000, Mr Murphy said:
“ Probably not. ”
He said Marchris Enterprises had,
for some time, traded on the goodwill
of its principal creditor and the bank
and “without that support, no, it
wouldn’t have been viable”.
Winegrowers Ltd had nothing, Mr
“ In fact, if anything it had a liability
with the Inland Revenue.”
The nine-week trial in front of
Justice Simon France and a jury of
five women and seven men continues.
$NZ KIWI DOLLAR ($NZ1)
$$$$N$NZZ KIKIWIWI DDOLOLLLAARR ($NZ1)
OLOLOLONNN ODODODONNN (((UUUS$/S$/S$/S$/OOOOUNUNUNCCCCE)E)E)
PRPRPRPR CECECECEC OIOIOIOIO SUSUSUSUS MEMEMEMETTTTAAAATTTT LLLLSSSSS
source: interest conz
NEW YORK (US$/OUNCE)
mark tet move t
As at 4pm February 17, 2015
a2 Milk Company
0.51 +0.01 75.00
2.62 -0 .005 0 .37
ANZ Banking Gr
1.13 -0 .005 56 .81
Auckland Intl Airpt
2.91 -0 .02 112.4
6.30 +0.03 23.28
Diligent BM Services
DNZ Prop Fund
8.34 -0 .40 1135
Fonterra Sh’ders Fund
- 0 .01 174.7
- 0 .05 22.96
2.27 +0.02 178.6
Goodman Prop Tr
1.20 -0 .005 11.43
Guinness Peat Gr
1.37 -0 .01 135.7
1.46 +0.03 8 .21
Kiwi Property Gr
1.34 +0.005 21.90
16.35 +0.31 47.03
1.95 +0.05 197.7
Metro Perf Glass
Mighty River Power
3.01 +0.01 46.22
0.63 +0.005 1.00
Prop For Ind
3.91 -0 .01 242.3
Sky Network TV
- 0 .01 30.43
Steel & Tube
Summerset Gr Hldgs
2.30 +0.02 12.18
Vital Hlth Prop Tr
Trading to 10:30am,
Wednesday, February 18, 2015
DECLINERS: 21 TRADED: 74
Aluminium High Grade
The national road toll has
jumped 25% higher than at the
same time last year after six
deaths on the road yesterday.
Forty-three people have died
this year on New Zealand’s roads,
11 people more than at this time
The rise in the number of lives
lost on the roads comes after six
people died in three fatal crashes
Three people died and one was
critically injured after a car and
a logging truck collided on State
highway 1 north of Tokoroa
All four, believed to be of Asian
descent, were travelling in the car.
It is understood the male front
seat passenger, who was flown
to hospital, was the only person
wearing a seatbelt at the time of
The car was believed to have
spun out of control before
smashing into the truck.
Police said the car crossed the
centre line but the cause was yet
to be established.
The female driver of the car
and two rear-seat passengers,
one male and one female, died
at the scene. Police confirmed
both in the rear were not wearing
The truck driver was shaken but
Police confirmed the car’s
passengers were foreign nationals
but said no further details,
including their nationality, would
be released until next of kin had
Barely two hours after the triple
fatality, another person died in
a crash on the State highway 1
Northern Motor way in Auckland,
between Greville Road and
Oteha Valley Road.
“A four-wheel-drive vehicle has
left the motor way, crashed down
a bank into a couple of lamp
posts,” a police spokesman said.
“The driver, despite CPR
attempts, is deceased at the
Earlier yesterday, two women
died in a head-on collision near
Thames, on State highway 25
at the intersection with Pipiroa
Road, between Waitakaruru and
A Thames-bound Mazda
Demio and a Volkswagen Passat
travelling north collided about
7.45am, with the two women
in the Mazda dying from their
Police have identified the two
20-year-old women. Inspector
Dana McDonald said the women
were Jani Von Wielligh of
Adelaide and Natasha Strydom of
Waiuku, south Auckland.
Mr McDonald said the crash
was still being investigated to
determine the circumstances of
“All we can say at this stage are
initial indications are the west-
bound Volkswagen car appears to
have crossed the centre-line and
collided with the Mazda in the
“The female driver of the
Volkswagen suffered serious
injuries and was airlifted to
Waikato Hospital where she was
reported as being in a serious but
stable condition overnight.”
Mr McDonald said neither
excessive speed, alcohol, or the
not wearing of seatbelts appeared
to be factors in the crash.
The busy rural highway, which
links Coromandel to Auckland,
was closed until mid-afternoon
while a lengthy extraction
process was completed.
Horror day on roads leaves six dead
PICTURE: New Zealand Herald
The sur viving occupant was the only person in this car who was believed to have been wearing a
Stock exchange operator
NZX has confirmed it is
reviewing recent trading in
Sky City shares, following
allegations about trading
from New Zealand First
leader, Winston Peters.
Mr Peters had wanted
the Financial Markets
Authority (FMA) to
investigate what he said
was an apparent surge in
the share sales last Friday.
Mr Peters said Parliament had been
told that the Government and Sky City
agreed on Friday the company would get
no taxpayer money to build a convention
centre in Auckland.
He said there was unusually heavy
trading of the company ’s shares that
day, despite the absence of a public
FMA compliance director Elaine
Campbell said the NZX had taken up
She said given the nature of the
allegations being made, the authority
would update the market when the
NZX had completed its review.
Financial analysts said heavy trading
was to have been expected, as Sky City
has recently released its
The analysts said there
was no major change in the
share price or anything else
The convention centre
in downtown Auckland
was supposed to cost just
over $400 million, but Sky
City had made a push for
up to $130 million more in
public money when costs
The agreement meant the casino
operator would most likely revise the
building’s design to keep within costs
and the venue could end up smaller than
Mr Peters said Parliament was told the
agreement between the Government
and Sky City was made last Friday.
He said 3.4 million shares changed
hands that day, even though there had
been no market announcement of the
Mr Peters said that was two million
more shares than the trading days before
and after Friday.
“There was behaviour which was
simply unacceptable,” Mr Peters told
Morning Report. — N Z ME
NZX reviews Sky City
trading after Peters’ claims
Passengers on a ferry that crashed
into Devonport wharf after the vessel
suffered an apparent mechanical
failure suffered suspected broken
bones and one was knocked out,
Sixteen passengers and a Fullers
crew member were injured when
the vessel struck the wharf late this
morning, crunching its bow and
knocking people out of seats.
A St John spokesman said six people
were taken to North Shore Hospital
with minor injuries and the other 11
to a Takapuna medical centre after
assessment at the scene by medics.
That figure was higher than an
earlier Fullers estimate that 12 of the
61 passengers on board the Kea and
one of its three crew members were
The ferry has meanwhile been
“quarantined” for an investigation by
maritime and transport investigators,
who say it was too soon to confirm
early indications reported by police of
Fullers chief executive Doug Hudson
said the company was sorry about
the injuries and working closely with
authorities to investigate the crash.
Mr Hudson said Fullers would
conduct its own investigation while
also working with Maritime New
Zealand to determine what happened.
The Transport Accident
Investigation Commission has also
opened an inquiry.
— N Z ME-New Zealand Herald
Ferry mishap inquiries open
PICTURE: Getty Images
The Fullers Ferry Devonport Ferry, Kea, sustained damage to the bow after
colliding with the wharf in Devonport as it came in to berth yesterday.
Dairy prices posted their fifth
consecutive gain at this morning’s
Global Dairy Trade auction, the GDT
price index surging by 10.1% since the
last auction a fortnight ago.
Analysts had expected prices to firm in
response to lower supply brought on by
drought conditions on the east coasts of
both the North and South Islands.
Whole milk prices — the most
important product for New Zealand
producers - traded at $US3272 ($4334)
a tonne, up 13.7% from the last sale.
Elsewhere, prices were up across
the board, with skim milk powder —
the second most important product
— gaining 5.7% to $2744 a tonne.
The auction will give farmers some
confidence that Fonterra will meet its
$4.70 a kg milk price forecast for the
current season after prices slumped by
50% in 2014.
However, farm investment company
My Farm estimates the current forecast
is well below its estimated average cost
of production of $5.03/kg.
Fonterra has said that whole milk
prices would need to hit $3500 by July
for the current forecast to eventuate.
Agri HQ dairy analyst Susan Kilsby
said Fonterra’s milk price forecast for
the current season now looks achievable
providing prices continue to rise through
the remainder of the season at the rate
currently indicated by the NZX dairy
Ahead of the auction, whole milk
powder was trading on the NZX market
at $3700 a tonne for the July 2015
“This suggests that prices still need to
move up by another 10% for the $4.70
milk price to be attained,” Ms Kilsby
said in a commentary.
At the previous
February 4, prices gained 9.4% and
whole milk prices spiked up by 19.2%,
driven mostly by reduced supply offered
Today, anhydrous milk fat prices were
up by 6.4%, butter by 1.1%, butter milk
powder by 1.9%, cheddar by 16.8% and
rennet casein up by 1.2%. — N Z ME
Dairy prices edge up
Horse killed on
A horse has been killed after a collision
with a car on a busy Auckland road.
A police spokesman said the car and
horse crash happened about 8.05am on
Kepa Road near the intersection with
Orakei Road, in Orakei.
The horse suffered serious injuries and
was killed by a vet at the scene.
The driver of the car was not injured,
the spokesman said.
Part of the road was blocked for a
period of time. — NZ ME
Mass murderer Raymond Ratima
will spend the next three years
behind bars before parole is again
considered for him.
Ratima was given a life sentence
for killing seven people, including
his three sons.
The Parole Board met earlier this
month to decide whether Ratima
would be subject to a postponement
At the hearing, Ratima’s lawyer
agreed with the board that there
should be a postponement before
the next parole hearing because
there was considerable counselling,
treatment and the strengthening of
reintegration plans required, which
would take considerable time.
He said the postponement order
should be for a period of two years.
However, the board ruled the
postponement should be for three
It said Ratima could apply at any
time to the board for consideration
of parole on the grounds that there
had been a significant change in his
In June 1992, Ratima, using a
hammer and knives, killed his three
young sons, his pregnant sister-in-
law, her partner, their son and his
teenage brother-in-law and then lay
in wait for his wife and her parents
to return home in Masterton,
seriously injuring his father-in-law.
Ratima was previously seen by
the board in November last year for
release, but it was declined.
Mass killer denied parole
A motorcyclist has been left shaken
after colliding with a car on Auckland’s
Eden Terrace this morning.
The crash occurred near Devon
Street about 10am, police northern
communications shift Inspector Duncan
There were no serious injuries, but the
rider was left shaken.
Police were investigating the crash.
dog from drain
The Fire Ser vice struggled to free a dog
which chased a cat into a stormwater
drain in Upper Hutt this morning.
Firefighters managed to get the dog
out after it had been stuck in the drain in
Clouston Park for about an hour.
Hague may face Greens co-leadership competition
Green MP Kevin Hague could
have competition for the party’s
leadership as two more MPs have
tentatively suggested they might
enter the contest.
MPs Gareth Hughes and Kennedy
Graham would not rule out bids
for the male co-leadership position,
which will be up for grabs when
Russel Norman stands down in May
after eight years.
Mr Hughes confirmed yesterday
he was consulting with supporters
about whether he should enter the
race, but said he would not confirm
his intentions until closer to the
nomination deadline in mid-April.
He is ranked fifth on the party’s
list and has gained some profile in
lobbying for environmental causes.
Dr Graham, who is one of the
party’s senior MPs and speaks for
the party on foreign affairs, said he
“ had not discounted the idea” of
entering the leadership race.
Third-ranked MP Kevin Hague
last week confirmed his intention to
seek the co-leadership, and was likely
to be the front-runner for the job.
First-term MP James Shaw was
also considering a bid for the job, but
has said it is “highly unlikely”.
Nominations for the leadership
close on April 17.
— NZ ME -New Zealand Herald
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