Numb. 35.
643

SUPPLEMENT
TO THE
NEW ZEALAND GAZETTE
OF
THURSDAY, MAY 30, 1889.
Published by Authority.

WELLINGTON, SATURDAY, JUNE 1, 1889.

Native Land proposed to be taken for a Road in the Otaki All in the Provincial District of Wellington; as the said
Road District.
parcels of land are more particularly delineated on the plan
marked P.W.D. 16065, deposited in the General Survey
Office, at Wellington, in the Provincial District of Welling-
ton.

JAMES PRENDERGAST,
Administrator of the Government.

ORDER IN COUNCIL.

At the Government House, at Wellington, this first day
of May, 1889.

Present:
HIS EXCELLENCY THE ADMINISTRATOR OF THE GOVERN-
MENT IN COUNCIL.

WHEREAS the lands mentioned in the Schedule hereto
are required to be taken for a public work, to wit,
the construction of a road in the Otaki Road District:

And whereas the said lands are held or occupied by Native
owners:

Now, therefore, in pursuance and exercise of the powers
conferred by "The Public Works Act, 1882," and the
amendments thereof, and of all other powers in anywise
enabling him in this behalf, His Excellency the Adminis
trator of the Government of the Colony of New Zealand,
by and with the advice and consent of the Executive Council
of the said colony, doth hereby order that the public work
hereinbefore mentioned shall and may be constructed on or
through the parcels of land more particularly mentioned in
the Schedule hereto.

SCHEDULE.
THE several parcels of land mentioned in list hereunder:-

FORSTER GORING,
Clerk of the Executive Council.

NEW ZEALAND, ) In the matter of a Bill intituled "An Act to
TO WIT. ) amend 'The New Zealand Bank Act,
1861.'"

NOTICE is hereby given that the Bank of New Zealand
intends to present a petition to the General Assembly
of New Zealand, at its next session, praying for leave to
introduce a Bill to be intituled "An Act to amend 'The
New Zealand Bank Act, 1861.'" The objects of the said
Bill are, -

(a.) To confirm and validate certain resolutions passed, at
a special general meeting of the proprietors of the said bank,
held on the 11th day of October, 1888, and confirmed at a
special general meeting of the said proprietors, held on the
19th day of October, 1888;

(b.) To declare that payments to reinstate shares to their
original value, as provided by No. 2 of the said resolutions,
should not increase a shareholder's original liability;

(c.) To enable the directors to carry out the objects in-
tended to be effected by resolution No. 3, hereinafter set out,
it is intended to vest the following powers in the directors
with respect to the assets and accounts mentioned in the
said resolution No. 3:-
(1.) To keep a separate liquidation account of such assets;
(2.) To value and revalue such assets at such intervals as
the directors may think fit;
(3.) In making up balance-sheets for declaring dividends,
to estimate the said assets according to the last
valuation thereof, or to make up such balance-sheets,
if the directors think fit, without reference to the
state of the liquidation account;

(d.) (1.) To buy mortgaged land when sold under power of
sale;
(2.) To acquire mortgaged lands absolutely in cases of
bankruptcy;
(3.) To pay off prior mortgages;
(4.) To purchase equity of redemption in any such lands
from Assignee in Bankruptcy;
(5.) In cases of mortgages of leasehold or other cases of
leasehold, to purchase the freehold if directors think
beneficial;

(e.) To sell, mortgage, charge, or otherwise deal with the
said assets in such way as the directors may think fit;

(f.) To accept fully paid-up shares in any company pur-
chasing the said assets as consideration or part consideration
for the sale thereof, and to hold such shares until the direc-
tors can conveniently dispose thereof;

(g.) To make the before-mentioned power and provisions re-
trospective as from the 11th October last;