Firefighters in Canterbury are preparing to spend their Christmas Day battling a blaze that has so far burnt nearly 60 hectares of trees and pasture.

New Zealand's road to the 2012 London Olympic begins in Adelaide this weekend at the Oceania track championships.

The Statutory Managers for Hubbard's say investors could receive only 60 per cent of what was on their March 2010 statements.

Many farm businesses believed their loans were personally with Allan Hubbard, not Aorangi.

Allan Hubbard has offered to subordinate his own interests and make up any losses to investors.

Hubbard investors have been told they'll be paid three cents in the dollar this month, but will have to wait till next year for possibly another 20 cents.

Simon Botherway, accused of a conflict of interest in the Hubbard case, had no operational role in putting him into statutory management, says the Securities Commission.