1758
THE NEW ZEALAND GAZETTE.
[No. 88

Station A R, and thence along a right line to the point of commencement: excepting from the above-described area all freehold and leasehold lands and reserves.

Given under the hand of His Excellency the Right Honourable David, Earl of Glasgow; Knight Grand Cross of the Most Distinguished Order of Saint Michael and Saint George; Governor and Commander-in-Chief in and over Her Majesty's Colony of New Zealand and its Dependencies, and Vice-Admiral of the same; and issued under the Seal of the said Colony, at Wellington, this fourth day of December, in the year of our Lord one thousand eight hundred and ninety-four.

A. J. CADMAN,
Minister of Mines.

GOD SAVE THE QUEEN!

Regulations relative to the Inscription of New Zealand Consols.

GLASGOW, Governor.

ORDER IN COUNCIL.

At the Government House, at Wellington, this twenty-ninth day of November, 1894.

Present:

HIS EXCELLENCY THE GOVERNOR IN COUNCIL.

PURSUANT to and in exercise of the powers conferred upon him by "The New Zealand Consols Act, 1894," His Excellency the Governor, by and with the advice and consent of the Executive Council, doth hereby make the following regulations for the purposes of the said Act, that is to say:—

REGULATIONS.

1. Every person into whose possession or control any money comes which is payable to the separate account mentioned in section 7 of "The New Zealand Consols Act, 1894," is a Receiver within the meaning of "The Public Revenues Act, 1891," and becomes thereby charged with all the liabilities imposed upon Receivers by the said Act.

2. Every Receiver or other person concerned in the receipt of deposits inscribable under "The New Zealand Consols Act, 1894," shall account to the Registrar as may be directed.

3. The Controller and Auditor-General for the time being may, with the approval of the Colonial Treasurer, direct a penalty, not exceeding £1 sterling, to be imposed on any officer who commits any breach of any regulation, or error in any account, or who neglects to send in any account at the time or in the form required by these regulations or by order of the Registrar, or who neglects to append thereto any vouchers, receipts, or other papers which are required to support such account. Any such penalty may be recovered by the Treasury by deducting the same from any salary or other moneys due or which may become due to such officer, or may be recovered by the Controller and Auditor-General as a debt owing to the Crown by such officer in any Court of competent jurisdiction, whether such officer shall or shall not have ceased to be in the public service.

4. Every officer will be held personally responsible for any loss which may accrue to the Government by reason of any default or negligence in the fulfilment of the duties imposed on him by "The New Zealand Consols Act, 1894," or by these regulations, or by the instructions he may from time to time receive from the Minister administering the Act, or from the Registrar.

5. Every deposit of money for inscription shall be accompanied by an application in the form in the First Schedule hereto. Such application shall be signed by the applicant and countersigned by the Receiver taking the deposit.

6. Every Receiver, being a Postmaster, shall give to the person paying any money by way of deposit under "The New Zealand Consols Act, 1894," a receipt in the form in the First Schedule hereto, and shall transmit to the Controller, General Post Office, at Wellington, the application for inscription, to be by the Controller forwarded to the Registrar.

7. Moneys tendered by way of deposit under "The New Zealand Consols Act, 1894," shall consist only of minted coin, bank-notes, postal notes, or cheques duly marked as good by the bank on which they are drawn.

8. All moneys received by any Receiver (being a Postmaster) by way of deposit for inscription shall be brought to charge by such Receiver, and such moneys shall form part of the balance held by him on Post Office account, and shall be in due course paid in by the Postmaster-General to the New Zealand Consols Account with the bank.

9. The Controller, General Post Office, Wellington, shall prepare a schedule of the moneys deposited for inscription, and shall, every day, or as often as may be deemed necessary by the Registrar, transmit such schedule to the Registrar, together with the applications for inscription and the bank receipt, in the form in the Second Schedule hereto, representing the amount paid in by the Postmaster-General to the New Zealand Consols Account as aforesaid.

10. The Receiver, other than a Postmaster, into whose hands deposits for inscription are paid shall pay the whole of his collections into the bank day by day, and shall obtain from the bank a receipt in the form aforesaid, and also an acknowledgment in a bank pass-book; and should he receive any money after the time when it would have been possible to pay it into the bank, the Receiver shall pay in such money with his collections of the following day.

11. Upon receipt by the Registrar of the deposit for inscription, or of the bank receipt relating thereto, he shall enter the amount of such deposit, together with the date upon which the deposit is made, in the Inscription Register to the credit of the depositor. The Inscription Register shall be in the form in the Third Schedule hereto.

12. The Registrar shall forward to the Consols-holder a receipt in the form of the Fourth Schedule hereto, but this receipt shall not be a negotiable document or of monetary value beyond its being proof of the original deposit for the purpose of inscription.

13. Upon payment of the prescribed fee, and receipt of an application in the form in the Fifth Schedule hereto, from any holder of Consols or from his duly-authorised agent, the Registrar shall give, in the form in the Sixth Schedule hereto, a copy of any entry in the register which relates to such holder's Consols.

14. Upon payment of the prescribed fee, and application in the form in the Seventh Schedule hereto, the Registrar shall duly transfer the amount of Consols standing to the credit of the holder, or such part as may be named in the application, to the transferee named therein.

15. Upon payment of the prescribed fee, and the application, in the form in the Eighth Schedule hereto, of the holder of Consols, the Registrar shall issue to the applicant a Consols certificate in the form in the Ninth Schedule hereto, and shall duly record the same in the register in the form in the Tenth Schedule hereto. Every such certificate shall be for £5 or a multiple of £5, and no certificate shall be issued except for the full period of the unexpired currency of the Consols.

16. Upon payment of the prescribed fee and delivery to the Registrar of a Consols certificate, the bearer of such certificate shall be entitled to the inscription of the amount of such certificate in the register, and thereupon the Registrar shall cancel the certificate.

17. Interest on Consols for which no certificate is issued shall be payable by warrant in the form in the Eleventh Schedule hereto. The particulars of such warrant shall be recorded in a book in the form in the Twelfth Schedule hereto. Such warrants are transferable by indorsement in manner provided on the form.

18. Interest on Consols for which a certificate is issued will be paid to the bearer thereof on presentation at any post-office money-order office in the colony, or at the Treasury, Wellington, in accordance with the amount indorsed on the back of the certificate, and upon the dates named thereon. The Postmaster or Registrar, upon payment being made of the interest then due, shall duly indorse his signature and the date of payment opposite the amount paid, as provided by the form referred to in the Ninth Schedule hereof.

19. Interest on Consols will be paid from the date of the receipt of the money by the Receiver up to and inclusive of the day upon which the first half-yearly dividend thereafter becomes payable.

20. Every Postmaster shall furnish to the Controller, General Post Office, at Wellington, by whom the same shall be forwarded to the Registrar of Inscribed Consols, a certificate, in the form in the Thirteenth Schedule hereto, of the amounts paid by him in respect of interest due and payable on Consols certificates, upon presentation and indorsement of the said certificates.

21. Fractions of a penny shall not be received or paid.

22. Any of the forms in the several Schedules hereto may be altered by or with the sanction of the Registrar.

23. In any case which is not provided for by "The New Zealand Consols Act, 1894," or by these regulations, and in any case in which special circumstances may render it inconvenient for the public service that these regulations should be strictly observed, the Receiver or other accounting officer shall apply to the Registrar for special instructions, and shall be bound thereby.

24. Entries to be made in the register pursuant to an order of a Judge of the Supreme Court shall be made in the same form as ordinary entries, with the addition of a note of the date of the order, and other particulars sufficient for purposes of reference.

25. The fees named in the Fourteenth Schedule shall be payable for the respective matters therein mentioned.