The following bug has been logged online:

Bug reference:      2304
Logged by:          Alexander Pivovarov
Email address:      [EMAIL PROTECTED]
PostgreSQL version: 8.1.3
Operating system:   FreeBSD 6.1
Description:        Time zone bug:  '05:04 GMT+3'  processing as  '05:04:00
-03'
Details: 

# select '05:04 GMT+3'::time with time zone;
   timetz
-------------
 05:04:00-03
(1 row)

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