New Zealand Gazette – 1856 – No. 26

Page 173

✨ Text of Legislation



173

  1. It shall be lawful for the Governor to contract with any
    Banking Company for the winding up of the affairs of the said
    Colonial Bank of Issue, upon such terms and conditions as may
    be agreed on. Provided that in every such contract there
    shall be an express condition that such Banking Company shall
    save harmless and keep indemnified the Colony of New Zea-
    land, and the Government and Revenue thereof from and against
    all losses and liabilities whatsoever on account of the said Co-
    lonial Bank of Issue.
    May contract with
    any Banking Company
    to wind up affairs,

  2. Pending the winding up and settlement of the affairs of
    the said Bank, it shall be lawful for the Governor, from time to
    time, to invest any monies held on account of the said Colonial
    Bank of Issue upon the security of Debentures charged on the
    Public Revenue of the Colony of New Zealand, or upon any
    other Public Securities of the said Colony.
    Governor may make
    investments in Colon-
    ial or other Government
    Securities.

  3. This Act shall be entitled the "New Zealand Colonial Short Title.
    Bank of Issue Winding up Act, 1856."

Examined and certified.

JAS. JNO, PIERCY,
Clerk of Legislative Council.

F. E. CAMPBELL,
Clerk of House of Representatives.

In the name of Her Majesty I assent to this Act.

THOMAS GORE BROWNE,
Governor.

Auckland, 29th July, 1856.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 1856, No 26




✨ LLM interpretation of page content

🏛️ Continuation of the New Zealand Colonial Bank of Issue Winding up Act, 1856. (continued from previous page)

🏛️ Governance & Central Administration
29 July 1856
Legislation, Winding up, Colonial Bank of Issue, Governor, Assent
  • JAS. JNO, PIERCY, Clerk of Legislative Council
  • F. E. CAMPBELL, Clerk of House of Representatives
  • THOMAS GORE BROWNE, Governor