394

THE NEW ZEALAND GAZETTE.

Policies shall become void if payment of the annual
or other premium be not made within twenty-one
days from the date stipulated in the policy; but such
policies may be revived at any period not exceeding
six calendar months after their expiration, on satis-
factory proof being given of the unimpaired health
of the person whose life is assured, and on payment
of the premiums then in arrear, together with a fine
not exceeding one-half per centum on the sum
assured.

The sum assured under the policy will be paid in
case of the death of the person whose life is assured
during the days of grace (twenty-one days) notwith-
standing the non-payment of the premium; but the
amount so remaining unpaid shall be deducted from
the sum assured at settlement.

Policies shall become void if the person whose life
is assured shall go on the high seas in a vessel not
whole decked, or seaworthy, or less than fifty tons
register, or shall proceed to any part of the globe
within thirty-one degrees south of the equator or
within thirty-three degrees north of the equator
(except in passing or repassing direct by sea only, in
time of peace, between any part of the Australasian
Colonies and any part of Europe), or shall during
actual warfare go beyond the limits of the Austral-
asian Colonies: Provided that there shall be no
forfeiture on account of residence, if the person
whose life is assured shall reside in any part of the
Australasian Colonies, distant not less than twenty-
five degrees south of the equator, or in any place
expressly sanctioned by the Commissioner. The
term Australasian Colonies, where used in this con-
dition, shall include Tasmania and New Zealand.

Policies shall become void if the person whose life
is assured shall be actually employed in any military
or naval service whatever, except such as may for
the time being be in the employment of the Govern-
ment of the Colony, or shall engage in any seafaring
occupation, unless special permission shall in any of
the said cases have been granted by the Commis-
sioner, which permission may be obtained on payment
of such extra premium as the Commissioner may
deem adequate to the risk incurred.

If the person whose life is assured shall go beyond
the limits allowed, or become a seafaring person, or
engage in any military or naval service other than
aforesaid, before notice thereof shall have been given
to the Commissioner, the policy shall not become
void if the person or one of the persons beneficially
interested therein shall give notice to the Commis-
sioner of such fact as soon as it comes to his
knowledge, and shall pay the additional premium
that would have been required if such fact had been
made known to the Commissioner at the time it had
occurred.

Policies shall become void if the person whose life
is assured shall die by his own hand, or by duelling,
or by the hands of justice; but the Commissioner
shall be bound in these cases to pay such sum as
would have been paid as the surrender value on the
day previous to the decease of the life assured.
Neither policies which have been bona fide assigned
to third parties for valuable consideration and of
which assignments notice shall have been given to
the Commissioner not less than one month previous
to death, nor policies effected by one person on the
life of another, shall be subject to such forfeiture.

Executive Council Chamber,
Wellington, 14th August, 1871.

$ ext{H}^{ ext{IS}}$ Excellency the Governor has been pleased to
accept the resignation this day by

The Honorable FRANCIS DILLON BELL
of his Seat in the Executive Council of New Zealand.

FORSTER GORING.

Printed under the authority of the New Zealand Government, by GEORGE DIDSBURY, Government Printer, Wellington.