THE NEW ZEALAND GAZETTE. 549

other moneys for the time being payable; but the
said Commissioner may, from the moneys payable
under the contract, deduct the amount so remaining
unpaid.

29. If the person, or any of the persons, upon the
    contingency of whose life or lives any contract is
    dependent, not being the person or one of the persons
    for the time being beneficially interested in the same,
    shall go or travel beyond the limits of residence or
    travel allowed by the contract, or engage in any
    military or naval service other than as aforesaid, or
    adopt any trade or occupation declared by the said
    Commissioner to be hazardous, before notice thereof
    shall have been given to the said Commissioner and
    his permission to do so shall have been duly obtained,
    the contract thereby voided may be revived by the
    said Commissioner, if notice of such breach, non-
    observance, or non-performance as aforesaid shall be
    given by the person or any of the persons beneficially
    interested therein, other than the person committing
    such breach, non-observance, or non-performance, im-
    mediately after the fact shall come to his knowledge,
    upon such terms as to payment of extra premium or
    otherwise as the said Commissioner shall think fit;
    but such revival shall in no case extend to the
    interest of any person beneficially interested in such
    contract, if there be more than one, who shall himself
    have committed such breach, non-observance, or non-
    performance.

30. In case the person who has contracted for any
    Endowment shall happen to die before the whole of
    the premiums payable under the contract shall have
    been paid, and by reason of such death the premiums
    thereafter payable shall not be duly paid, the said
    Commissioner shall, on the person in whose favour such
    contract shall have been effected attaining the age at
    which but for such failure of agreement the Endow-
    ment would have become payable, pay over to or for
    the benefit of such person the surrender value of such
    contract at the date at which the same had become
    void by such non-payment of premiums as afore-
    said.

31. If the said Commissioner shall (either at the
    time of the making of the contract or afterwards,
    and before the moneys payable thereunder to the
    Assured shall become payable) be satisfied that
    the age or ages of the person or persons upon the
    contingency of whose life or lives the same is to be
    dependent has been correctly stated, he may indorse
    the same upon the said contract, and the age or ages
    thus admitted shall not subsequently be called in
    question.

32. The said Commissioner may, instead of charg-
    ing the usual extra premium payable during the
    whole of life, indorse on the policies of those appli-
    cants for Assurance who are considered below the
    average standard of health, and who shall have
    applied for such Assurance on or before the 1st
    October, 1870, a sum representing the extra risk.
    The amount thus indorsed on the policy will be
    deducted from the sum assured, in the event of the
    policy becoming a claim before the paid-up premiums
    amount, at £4 per cent. compound interest, to the
    sum assured. But if the duration of the life be such
    that the premiums paid amount at compound interest
    at the rate aforesaid to the sum assured, then no deduc-
    tion will be made, and the policy will be paid in full.

33. Any contract which has existed and been duly
    observed by or on behalf of the Assured for the
    period of five years may be surrendered with the
    consent of the said Commissioner, either as to the
    whole or any part of the interest of the Assured in
    such contract, who shall thereupon pay to the person
    entitled to surrender the same a sum of money equal
    to the then value of such surrendered interest accord-
    ing to such regulations as shall then be in force in
    that behalf; or, at the option of the person or persons
    entitled to make such surrender, shall grant to such
    person or persons a paid-up contract of Assurance
    equivalent in value to the then value of the surren-
    dered interest.

34. The said Commissioner may, if he think fit, per-
    mit the person for the time being entitled to surrender
    any contract to exchange the same for a contract of
    any other class which may be made under the provi-
    sions of the said Acts, subject nevertheless to such
    regulations as may hereafter be in force in that
    behalf.

35. Before any moneys payable in respect of any De-
    ferred Annuity or Endowment will be paid under any
    contract in that behalf, the said Commissioner may
    require satisfactory evidence of the age and identity
    of the person claiming to be entitled to the same.

36. When any person shall have effected an
    Insurance upon his life, for the benefit of his wife,
    or of his wife and children, or of his wife and some
    or one of his children, or of his children only, or
    some or one of them, as the case may be, pursuant
    to the provisions of the eighth section of "The New
    Zealand Government Insurance and Annuities Act
    1870," it shall be sufficient for him to declare the
    same by a Deed Poll indorsed upon the contract, and
    to be executed by him at the time of the issuing
    thereof to him, in the presence of and attested by
    the officer issuing the same, and either with or without
    any directions for the apportionment of the moneys
    assured, as the Assured shall think fit; and such Deed
    Poll shall be in the form in that behalf set forth in
    the Schedule of Forms to these Regulations, or as
    near thereto as the circumstances of the case will
    admit.

37. Any declaration and apportionment to be made
    pursuant to the provisions of the tenth section of
    "The New Zealand Government Insurance and
    Annuities Act, 1870," in respect of any contract or
    Insurance already issued, shall be in the like form, or
    as near thereto as the circumstances of the case will
    admit.

38. The right and interest in any contract for the
    assurance of a sum of money payable at death or
    otherwise may be assigned, but notice of every such
    assignment shall be given to the said Commissioner,
    and a fee of 10s. 6d. be paid thereon; and in every
    case a copy of the Deed of Assignment shall be deli-
    vered with such notice, and the contract produced to
    the said Commissioner, who shall indorse thereon the
    receipt of such notice.

39. Any premium or other payment required to be
    made by or on behalf of the Assured under any
    contract made under the said Acts or either of them,
    may be paid by means of one or more Post Office
    Money Orders, and the person liable to the payment
    of the same shall not be held to have made default of
    payment, if such Money Order or all such Money
    Orders shall appear to have been issued on or before
    the last day on which such payment ought to be
    made under the provisions of the contract, exclusive
    of the days of grace mentioned in Regulation
    number 19, and to have been posted for transmission
    immediately after the issue thereof.

40. If any person who shall have contracted for the
    purchase of a Deferred Annuity by payments made
    annually, or oftener, on condition that in the event
    of default of payment, or in the event of the death
    of the person on whose life the Annuity is to depend
    before the period at which the Annuity is to com-
    mence, the purchase money paid shall be returnable,
    shall make default of payment; or if the person on
    whose life the Annuity is to depend shall die before
    the Annuity commences, then the person for whose
    benefit the Annuity was purchased, or his repre-
    sentatives, shall make application to the said Com-