South Canterbury Finance Ltd

Date: 28 August 2010

From: Body, Guy Keverne, 1967-:Original cartoons. 1986-2011

Reference: A-453-393

Description: Cartoon is in three parts. In the first, ACT Party leader Rodney Hide putting a cat with the face of Heather Roy into a rubbish bin (refers to Rodney Hide's replacement of hid deputy Heather Roy with John Boscawen). In the second cartoon, Minister of Justice Simon Power is shown holding aloft a glass engraved with the words 'Drink Law Reform' and wishing he could make 'alcopops this insipid'. In the third, two rats representing 'Hanover' and 'Bridgecorp' finance companies are shown staring at a smug 'South Canterbury' bunny and wondering 'what's he got that we didn't have' (refers to Canterbury Finance investors being compensated by the government). Inscriptions: Recto - centre right - 2808CARTOON Pls send to MediaGrid [in pencil] Quantity: 1 original cartoon(s). Physical Description: Ink and felt-tip pen on paper, 230 x 340 mm

Date: 3 December 2010

From: Body, Guy Keverne, 1967-:Original cartoons. 1986-2011

Reference: A-453-358

Description: PM John Key throws dollar notes to two pigs who dance with glee; one of them represents 'Foreign film makers' and the other 'finance companies'. John Key says 'Look how much happier they are when they're well fed and free from constraints'. Context; the foreign film makers are Warner Brothers; the government has agreed to amend the country's labour laws and has offered a $25m tax break to the Hollywood studio Warner Brothers in order to get agreement to allow Peter Jackson to make the two 'Hobbit' films in New Zealand. The finance company was 'South Canterbury Finance' and the cartoon refers to the government's bail-out of the South Canterbury Finance Company so that investors would not lose money, after the company went into receivership. SCF was taken into receivership but its investors were guaranteed by the government and so all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Inscriptions: Recto - centre right - 031210BODYCARTOON [in pencil] Quantity: 1 original cartoon(s). Physical Description: Ink and felt-tip pen on paper, 230 x 340 mm

Date: 31 August 2010

From: Body, Guy Keverne, 1967-:Original cartoons. 1986-2011

Reference: A-453-371

Description: The cartoon is entitled 'Old Mr Hubbard -' and depicts financier Alan Hubbard with his dog looking into a cupboard that is (nearly) bare. In fact what is in the cupboard is an image of an 'Emergency taxpayer' with an instruction to 'Break glass' and 'shake well'. Context; financier Allan Hubbard and his wife were personally placed in statutory management on June 20 this year, and South Canterbury Finance was placed in receivership. Hubbard is the majority shareholder in the company. Inscriptions: Recto - centre right - MONDAY CARTOON - 3108BODYCARTOON Pls send to MediaGrid [in pencil] Quantity: 1 original cartoon(s). Physical Description: Ink and felt-tip pen on paper, 230 x 340 mm

Date: [August 2010]

From: Body, Guy Keverne, 1967-:Original cartoons. 1986-2011

Reference: A-453-370

Description: Shows Allan Hubbard standing beside a dilapidated Volkswagen Beetle, with the number plate 'SCF'. Relates to the collapse of South Canterbury Finance, of which Hubbard was the director. Hubbard was well known for driving a VW Beetle. Quantity: 1 original cartoon(s). Physical Description: Ink and felt-tip pen on paper, 230 x 340 mm

Date: 2011

From: Body, Guy Keverne, 1967-: Digital cartoons published in New Zealand Herald

By: New Zealand herald (Newspaper)

Reference: DCDL-0018986

Description: A man representing 'EQC' (Earthquake Commission) talks to a couple outside their collapsed house. He says 'Unfortunately, this is a NORTH Canterbury collapse - so you'll only get your first $100,000 back.' Context: This refers both to the collapse of the South Canterbury Finance Company and to the problems that people are having with insurance companies in North Canterbury after the first Christchurch earthquake on September 4th 2010. Quantity: 1 digital cartoon(s).

Date: 2011

From: Body, Guy Keverne, 1967-: Digital cartoons published in New Zealand Herald

By: New Zealand herald (Newspaper); Body, Guy Keverne, 1967-

Reference: DCDL-0018990

Description: The title reads 'Old Mr Hubbard-' and the cartoon shows Allan Hubbard opening a cupboard and finding inside an image of a glum taxpayer and text that reads 'Emergency taxpayer - break glass, shake well.' His dog sits nearby and he addresses it saying 'Deary me, Rover, the cupboard's (nearly) bare.' Context: The Timaru millionaire's failure as a businessman after losing control of South Canterbury Finance has left a $900 million liability hanging around the taxpayer's neck. Allan Hubbard and his wife were personally placed in statutory management on June 20 this year, and that South Canterbury Finance is to be placed in receivership. Hubbard is the majority shareholder in the company. Quantity: 1 digital cartoon(s).

Date: 2010

From: Scott, Thomas, 1947- :[Digital cartoons published in the Dominion Post]

Reference: DCDL-0015492

Description: An official involved in placing financier Allan Hubbard and his wife in statutory management, raises the mattress on their bed, and on seeing the heaps of banknotes underneath, wonders whether Mr Hubbard thinks that the SCF 'could have modernised its accounting and banking procedures'. Alan Hubbard in some irritation points out that the mattress is almost new. Refers to the news that Allan Hubbard and his wife were personally placed in statutory management on June 20 this year, and that South Canterbury Finance is to be placed in receivership. Hubbard is the majority shareholder in the company. Quantity: 1 digital cartoon(s).

Date: 2010

From: Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers

Reference: DCDL-0015482

Description: The cartoonist writes 'If it's a slow news day, three things are guaranteed... [1] The sun will rise each day. [2] Paris Hilton will be arrested for something. [3] The Pakistan cricket team will be investigated for match-fixing'. Paris Hilton has just been arrested for possession of cocaine (but her hairdresser says that she doesn't have time for drug-taking). In a second version the cartoonist writes 'If it's a slow news day, four things are guarenteed' and number 2 becomes 'a finance company will be in trouble'. Refers to the news that three Pakistani cricketers, including Captain Salman Butt, will face a grilling from their board late on Thursday over allegations they were involved in a betting scam. The scandal erupted on 29th August when The News of the World alleged that Mazhar Majeed, a 35-year-old agent for several Pakistan players, took £150,000 (€185,000, $230,000) to arrange for deliberate no-balls to be bowled at precise points in last week's Test match against England. The finance company in question is the South Canterbury Finance Company which was taken into receivership on 31st August which has left question marks over the major shareholder, businessman Allan Hubbard. Two versions of this cartoon are available Quantity: 1 digital cartoon(s).

Date: 2010

From: Body, Guy Keverne, 1967-: Digital cartoons published in New Zealand Herald

Reference: DCDL-0016337

Description: A man sits in an armchair in the ruins of his house with his wife beside him. A man carrying a briefcase marked 'EQC' has come to make an insurance assessment and says 'Unfortunately, this is a North Canterbury collapse - so you'll only get your first $100,000 back'. Context; the Christchurch earthquake of 4th September and the collapse of the South Canterbury Finance Company. Quantity: 1 digital cartoon(s).

Date: 2010

From: Slane, Christopher, 1957-: Digital cartoons published in the Listener, New Zealand Herald, or New Zealand Farmers' Weekly

Reference: DCDL-0015573

Description: The cartoon is entitled 'seismic upheaval'. Prime Minister John Key and Finance Minister Bill English stand near great seismic cracks in the ground and stare sadly at a huge wallet, 'Bill's boodle', belonging to Bill English. Vast quantities of banknotes spill out of the cash pocket in the wallet which also contains a 'travel card', a 'house card' and an 'expenses card'. The various cards in the wallet refer to expense account embarrassments relating to Bill English. Etched in the ground are the words 'Christchurch quake' and 'South Canterbury Finance'. The cartoon refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. Quantity: 1 digital cartoon(s).

Date: 2010

From: Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers

Reference: DCDL-0015501

Description: The logo for the South Canterbury Finance Company, a rearing lion, dribbles and 'meows' as it is presented with a foodbowl bearing the words 'Government guarantee $1.6 bil'. In a second version the foodbowl is absent, as is the 'meow'. Below is the text 'South Can'terbury Finance' - the apostrophe making the word 'can't' rather than 'can'. Refers to the government's bail-out of the South Canterbury Finance Company so that investors would not lose money, after the company went into receivership. Quantity: 2 digital cartoon(s).

Date: 2010

From: Fletcher, David, 1952- :Digital cartoons

Reference: DCDL-0015486

Description: 'The Politician' cartoon strip. The minister is having sleepless nights, not because of the finance companies collapsing, but because of the money he has stuffed under his mattress. Reference to the receivership of the South Canterbury Finance Company. Quantity: 1 digital cartoon(s).

Date: 2010

From: Webb, Murray, 1947- :Digital caricatures

Reference: DCDL-0015477

Description: Caricature of Allan Hubbard, sitting in a rocking chair with a blanket over his knees. The Timaru millionaire's failure as a businessman after losing control of South Canterbury Finance has left a $900 million liability hanging around the taxpayer's neck. Hubbard's personal generosity leaves him with many loyal supporters. Title from file name Quantity: 1 digital cartoon(s).

Date: 2010

From: Body, Guy Keverne, 1967-: Digital cartoons published in New Zealand Herald

Reference: DCDL-0016379

Description: PM John Key throws dollar notes to two pigs who dance with glee; one of them represents 'Foreign film makers' and the other 'finance companies'. John Key says 'Look how much happier they are when they're well fed and free from constraints'. Context; the foreign film makers are Warner Brothers; the government has agreed to amend the country's labour laws and has offered a $25m tax break to the Hollywood studio Warner Brothers in order to get agreement to allow Peter Jackson to make the two 'Hobbit' films in New Zealand. The finance company was 'South Canterbury Finance' and the cartoon refers to the government's bail-out of the South Canterbury Finance Company so that investors would not lose money, after the company went into receivership. SCF was taken into receivership but its investors were guaranteed by the government and so all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Quantity: 1 digital cartoon(s).

Date: 2010

From: Fletcher, David, 1952- :Digital cartoons

Reference: DCDL-0015508

Description: The minister demonstrates his leadership skills by hiding under his desk in this time of crisis. Refers to the Christchurch Earthquake of 4th September 2010 and also the collapse of the South Canterbury Finance Company and its bailout by the government so that investors did not lose their money. Quantity: 1 digital cartoon(s).

Date: 2010

From: Nisbet, Alastair, 1958- :Digital cartoons

Reference: DCDL-0015641

Description: Well-known financier Alan Hubbard appears as a knight astride the South Canterbury Finance lion logo. His sword creates lighting strikes in the sky. Refers to the collapse of the South Canterbury Finance company and Allan Hubbard and his wife being put under statutory management by the government. Allan Hubbard lost control of the company earlier this year and was removed from the board and given the title of President for Life. He has strong supporters but critics think that he owes the taxpayers of NZ an apology because of the mess his management got the company into. Hubbard's debenture holders were given the luxury of a state guarantee which means the taxpayer will pay them $900 million. Quantity: 1 digital cartoon(s).

Date: 2010

From: Hodgson, Trace, 1958- :Digital cartoons

Reference: DCDL-0015572

Description: Prime Minister John Key stands grinning on a cracked pedestal bearing the words 'Most popular P.M.' In the background is the Beehive flying a skull and crossbones flag. The landscape is a desert with cactus and dried bones and a vulture in a bare tree. A man and a woman comment that it looks as though the quake may have done damage in Wellington after all, that and the crash of the SCF fund. Refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. There is a colour and a black and white version of this cartoon Quantity: 2 digital cartoon(s).

Date: 2010

From: Bromhead, Peter, 1933- :Digital cartoons

Reference: DCDL-0016143

Description: A man and woman read the paper and watch the news on television. The man says 'Roll on 2011' after reading the long list of disasters in New Zealand in 2010. They are 'Blizzards, South Canterbury Finance, Earthquakes, kiwifruit, Pike River' The TV announcer is discussing 'road deaths'. Quantity: 1 digital cartoon(s).

Date: 2010

From: Nisbet, Alastair, 1958- :Digital cartoons

Reference: DCDL-0015615

Description: Several people who represent the 'taxpayer' toss buckets of money over three beached whales that represent 'finance companies' in an attempt to save them. But one of the rescuers wonders why they bother as the finance companies 'will just do it again'. Refers to the collapse of various finance companies since the 2008 recession, but refers particularly to the recent collapse of the South Canterbury Finance Company which was taken into receivership and the government has stepped in to pay $1.6 billion to cover debenture holders' deposits covered by its retail deposit guarantee scheme. Quantity: 1 digital cartoon(s).

Date: 2011

From: Scott, Thomas, 1947- :[Digital cartoons published in the Dominion Post]

Reference: DCDL-0017459

Description: The cartoon shows Finance Minister Bill English who holds and feeds one baby that represents the Christchurch earthquake and stares at a second shrieking baby in a cot that represents 'South Canterbury Finance'. He looks very worried and says 'Didn't I just feed you 1.2 billion a while ago?' Context - Earlier this month, Crown financial statements for the eight months to February showed the Government's books were worse off than earlier estimated and the failure of the Timaru finance company last year was one of the main reasons. Finance Minister Bill English said the accounts showed a significant impact from the second Canterbury earthquake and a "$331 million revision in the estimate of recoveries relating to the deposit guarantee scheme which was not forecast". Most of this is attributable to a reduction in expected related party loan recoveries from the receivership of South Canterbury Finance," Mr English said. "Overall, we now expect a net loss from the Retail Deposit Guarantee Scheme of around $1.2 billion, compared with earlier estimates of around $900 million." (Timaru Herald 14 April 2011) Quantity: 1 digital cartoon(s).