604

THE NEW ZEALAND GAZETTE.

spondence, and otherwise carry out the instructions
of the Committee.
4. All questions of importance to the Association
shall be decided by the Committee, whose decision
shall be binding. The Committee may submit any
business to a general meeting of the shareholders.
Any decision arrived at by a majority then present
shall be binding, unless contrary to the rules which
govern the Association.
5. All members of the Association shall be married,
and shall undertake to occupy and pay for the land
in conformity with these regulations and such terms
as may be agreed upon by the managers of the
Association and His Honor the Superintendent of
Hawke's Bay.
6. Occupation shall be the enclosing of at least 10
per cent. of the land taken up by each shareholder,
and clearing the same, and the erection of a tenement
the value of which shall not be less than ten pounds
(£10), before the end of the second year; and, fur-
ther, that at least 20 per cent. of the land taken up
by each shareholder shall be enclosed with a good
and substantial fence, cleared and put into crops, or
laid down in grass, before the end of the fourth year,
clearing to mean that all trees less than ten inches
in diameter at three feet from the ground shall be
felled; and, further, the member, with his family,
shall be in actual occupation during the third year,
and shall continue in occupation till the end of the
seventh year.
7. The settlement shall be divided into allotments
according to the requirements of the shareholders,
together with reserves for public or educational pur-
poses, which shall be laid out by the Government.
8. No member shall hold more than one hundred
(100) acres.
9. The capital shall be raised by shares of one
guinea each, and each share shall represent one acre
of land. An entrance fee of twopence per share
shall be paid by every member at the time of allot-
ment. The money so raised shall form the Contin-
gent Fund of the Association.
10. Choice of sections shall be given to the pro-
moter of the Association, and the balance as may be
agreed upon at the first general meeting of the Asso-
ciation.
11. The amount of each share shall be raised by
twenty-eight quarterly payments—that is, ninepence
per share per quarter for each share held by any
member; but any member will be at liberty to pay
larger instalments, or the balance of purchase-money
in one payment, after he has complied with Rule 6
so far as it refers to improvement.
12. Every member shall pay, or cause to be paid,
to the officers appointed (whose receipt shall be
sufficient acknowledgment) their quarterly instal-
ments, which will be due on the third Monday in
September, December, March, and June. The first
payment, however, shall be made on the twenty-
seventh day of June next ensuing, and the second
payment on the third Monday in September, and so
on, on appointed dates; and any member failing to
pay his instalments on the due date shall pay a fine
of one halfpenny per share for each share held by
him, the fine to be doubled on each occasion the
member fail to pay. Should any member fail to pay
his instalments for four successive quarters, or give
notice that he cannot pay any more on account of
his shares, he shall cease to be a member of the
Association, and shall have no claim against the
Association on account of any moneys that have been
paid by him, and the Committee shall proceed to
dispose of his shares to another bona fide settler not
being a member of the Association.
13. Any surplus money arising from fines, entrance
fees, or any other cause, shall, after all expenses of
management have been paid, be paid towards the
erection of a schoolroom and master's house, to be
erected under the management of the Committee of
the Association, unless the Government have any
Acts or plans for carrying out educational require-
ments, in which case, with the consent of the Com-
mittee, such moneys shall be paid over to such
Government fund on the understanding that it be
spent on the District School. Should there, however,
be more than sufficient money left for the above
purpose, the balance shall be paid in accordance with
the decision of the last annual meeting of the Asso-
ciation.
14. An account shall be opened at the Union Bank
of Australia, Waipukurau, to which all moneys of the
Association, by whomsoever received, shall be paid,
and shall only be drawn by cheque signed by the
Secretary, Treasurer, and one member of the Com-
mittee.
15. Two Auditors shall be appointed at each annual
meeting, who shall audit the accounts and books, &c.,
at the end of each half-year, and furnish a report to
the Committee.
16. Should any member die before being put in
possession of his land, his interest shall revert to his
heirs or executors, who may dispose of it to a bona
fide settler, provided, however, that no member hold
more than one hundred acres; or they may carry on
the payment, and be considered as the original appli-
cant; but they must in all cases be guided by the
rules of the Association, and the Government regu-
lations.
17. Any member leaving the district before com-
pleting his term of occupation will be allowed to
transfer his right to any other bona fide settler,
provided that no member hold more than one hun-
dred acres in all; but, before such transfer receives
the consent of the Committee, a sum equal to 3
per cent. on the value of the land at the time of
transfer shall be paid to the general fund of the
Association. The valuators to be appointed as
follows:--The Committee to appoint one, the person
desiring to transfer to appoint one, and the two so
appointed appoint one umpire; and all parties are to
be bound by their valuation, from which there will
be no appeal.
18. The Secretary shall call a general meeting of
the members when desired to do so by requisition of
three members of the Committee or seven members
of the Association; but there shall be an annual
meeting held some day to be fixed by the Committee
in the month of June in each year, at which meeting
Auditors, officers, and Committee shall be appointed,
and any other business transacted.
19. Any member of the Committee who may be
found to have taken shares for some other person, or
for speculative purposes, and not with a view to bona
fide settlement, shall, upon sufficient proof to a
majority of the Committee, forfeit his interest in
the Association; and the Committee shall dispose of
his shares to some other bona fide settler, and these
rules shall be sufficient authority for such forfeiture
and reallotment; and any profit arising therefrom
shall be paid into the general fund. Any member
who has not begun to clear his section by the 1st
day of July, 1877, shall be considered a speculator,
and the Committee may proceed, as above directed,
to dispose of his interest in the Association.
20. Should any dispute arise which the Secretary
cannot settle, it shall be referred to the first meeting
of the Managing Committee, and, if not then satis-
factorily arranged, appeal may be made to an annual
or general meeting, whose decision shall be final.

FORSTER GORING,
Clerk of the Executive Council.