670
THE NEW ZEALAND GAZETTE.
[No. 37

THE KAMO COLLIERY COMPANY (LIMITED), IN
VOLUNTARY LIQUIDATION.

N OTICE is hereby given that an Extraordinary General
Meeting of the members of the Kamo Colliery Com-
pany (Limited) will be held at Mr. M. Niccol's office, Quay
Street, Auckland, on Tuesday, 13th August, 1889, at three
p.m., for the purpose of having the Liquidator's accounts of
the winding-up of the said company laid before them, and
hearing any explanation that may be given by the said
Liquidator; and for the purpose of determining in what
manner the books, accounts, and documents of the said
company shall be disposed of; and to authorise and confirm
certain compromises made and entered into by the Liqui-
dator; and to pass a resolution declaring that the said com-
pany is fully wound up.

Dated at Auckland, 7th June, 1889.

R. R. HUNT,
Liquidator.
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 empower the Board of Directors to determine what
accounts and assets come within the operation of
resolution No. 3 hereinafter mentioned;
(3.) To value and revalue such assets at such intervals as
the directors may think fit;
(4.) 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;
(h.) To empower shareholders from time to time to change
the principal place of business of the bank to any part of
the Colony of New Zealand or any part of the British domin-
ions;
(i.) To validate conveyances, assignments, and transfers of
properties, including shares in companies, being part of
assets to bank in its corporate name, and to enable the bank
to hold in its corporate name, and without the intervention
of trustees, properties, including shares in companies form-
ing part of said assets;
(j.) To do all such other things as are incidental or con-
ducive to the attainment of the before-mentioned objects.

The following is a copy of the resolutions above referred
to:—

1. "That £3 per share of the present paid-up capital of
   the bank be and the same is hereby cancelled, such capital
   having been lost or being unrepresented by available assets;
   and that henceforth dividends shall be paid on such shares
   as representing £7 each instead of £10 each, the original
   amount thereof. But such reduction shall not interfere with
   or in any way alter the liability of shareholders to contribute
   a further sum of £10, as provided by the bank's Act and deed
   of settlement, in the event of the assets of the corporation
   being insufficient to meet its engagements."
2. "That the directors be empowered, at their option, to
   receive from shareholders willing to pay the same £3 per
   share to reinstate their shares to the original amount of £10
   per share, and on all shares so reinstated to pay dividends on
   the original amount of such shares: Provided that such
   payment to reinstate shares shall not render the shareholder
   liable to pay any further or larger amount than he would
   have been liable for if the shares had remained at £10 each,
   as originally created."
3. "That the several assets and accounts held for realisa-
   tion, and outside the category of what may be regarded as
   ordinary and current business, be liquidated by the directors
   as speedily as may be, having regard to advantageous reali-
   sation thereof; and that in the meantime such assets be
   transferred to, and held and treated in globo in, a separate
   liquidation account, and so as that surplus in realising any
   one asset may be set against deficiency in realising any other
   without passing such surplus or deficiencies respectively
   through the ordinary profit and loss account."
4. "That the words beginning 'and if' in clause 102 of the
   deed of settlement, to the end of the clause, be and the
   same are hereby deleted."
5. "That in disposing of the new shares created and
   authorised to be issued by the resolution of the special
   general meeting of proprietors, held on the third day of
   October last, the Board of Directors may make it one of the
   conditions that payment for such new shares may be made
   by such instalments as the Board of Directors may think
   fit."

And notice is hereby further given that copies of the said
Bill will be deposited at the office of the Examiner of Stand-
ing Orders, at Wellington, at or within fourteen days after
the commencement of the session.

277

Private Advertisements.

"THE DISTRICT RAILWAYS ACT, 1877."

N OTICE is hereby given that the Point Elizabeth Rail-
way Company (Limited) intends to apply to His
Excellency the Governor, under the twentieth section of the
above Act, for leave to construct a railway about 7 miles and
10 chains long from Mawhera Quay, Greymouth, through
Block XII., Greymouth Survey District, and Blocks I., II.,
III., and IV., Cobden Survey District; and that the plan
and book of reference showing the line of such railway and
the limit of deviation, the lands required to be taken, and
the names of the owners and occupiers so far as can be ascer-
tained, have been deposited at the office of the Grey County
Council, and the Public Works Office, Wellington, and can
be there inspected free of cost.
By order.
221
EDWARD IVEAGH LORD,
Engineer to the Point Elizabeth Railway
Company (Limited).

NOTICE.

In the matter of "The District Railways Act, 1877," and
the several amendments thereof, and in the matter of the
Cobden Railway and Coal Company (Limited).

N OTICE is hereby given that it is the intention of the
aforesaid company to apply to His Excellency the
Governor for authority, under the above-mentioned Acts, to
construct a railway from Cobden vid Coal Creek to a point
near the Seven-mile Creek, a length of 4 miles and 78 chains
or thereabouts; and that the plans defining the middle line,
and direction thereof, and books of reference showing the
lands required to be taken for the same, and the names of
the owners and occupiers thereof, as far as they can be ascer-
tained, have this day been deposited, and may be in-
spected, at the office of the Grey County Council, in Gresson
Street, in the Borough of Greymouth, the office of the
Borough Council at Greymouth, the Post Office at Cobden,
and the Public Works Office at Wellington, during office
hours, without fee.
By order,
WILLIAM WHITNEY DARTNALL,
Resident Engineer of the Cobden Railway and
Coal Company (Limited).
Dated at Greymouth, 10th May, 1889.
229

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

N OTICE 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,

Dated this 31st day of May, 1889.
260
C. E. BUTTON,
Auckland, Solicitor for the Promoters of the Bill.