1478
THE NEW ZEALAND GAZETTE.
[No. 42

"The Stamp Duty Act, 1882."
On a transfer, £20 and under, 1s.
£20 to £50, 2s. 6d.
Syndicate or claim shares, 5 per cent., and debentures, 1 per cent.
That in future any syndicate or company requesting the use of the name of the Exchange for publication on their prospectus be charged the following fees:—

Joint-stock companies .. .. .. £10
Mining or other syndicates .. .. 2

Disposal of proceeds of seats after disqualification, expulsion, &c.
40. When any member shall be finally disqualified under Rule 24, or expelled under Rule 26, or shall cease to be a member under Rule 29, the committee may sell such member’s seat, subject to the purchaser being duly elected; and the proceeds of the sale shall be applied, first, in payment of any amount due to the Exchange for the purchaser’s entrance fee and of any liability of the said member to the Exchange, and of the levies, if any, which shall have accrued since he ceased to be a member; and, secondly, in payment rateably of the amount of such member’s debts to the members who are creditors in respect of other Stock Exchange transactions; and any balance after settlement of such claims as may be sanctioned by the committee shall belong to the Exchange.

Closing offices.
41. When a majority of the members of the Exchange decide upon closing their offices for any purpose all the members of the Exchange shall, in so far as regards share-broking, be bound by such decision, and any member committing a breach of this rule shall be dealt with under Rule 26.
42. All partners of any firms of which one partner shall be desirous of becoming a member of the Taranaki Stock and Share Brokers’ Exchange shall be proposed for membership within one calendar month after the formation of such partnership. In the event of any partner not being elected the member shall dissolve the partnership. If one calendar month after such non-election the member has not dissolved such partnership he shall be deemed to have retired from the Taranaki Stock and Share Brokers’ Exchange, and the committee shall announce to the members that he has so retired, and his name shall be erased from the list of the members.
A partner of any member of the Stock Exchange shall be balloted for, and, if approved, shall have the same advantages and courtesies extended to him that are at present extended to member’s authorised clerks.

By-laws.
Priority of seller.

1. The member who at any ordinary Stock Exchange meetings offers to sell any debentures, stocks, or shares at the lowest declared price shall have priority of all members in supplying at such prices so much of such debentures, stocks, and shares as he may be willing to sell; but having made a sale he must, to maintain his priority, immediately declare himself as still a seller.

Priority of buyer.
2. The member who at ordinary Stock Exchange meetings offers the best price for any debentures, stocks, or shares shall have priority over all other members at such declared price for as much as such debentures, stocks, or shares as he may be willing to take; but having made a purchase he must, to retain his priority, immediately declare himself as still a buyer.

Payments and deliveries when member has no office in the town.
3. Members who have not an office in the town must notify to the secretary a place within reasonable distance of the Exchange at which delivery of transfer may be made and payment required, failing which, and any special arrangements made by such member or members, vendors and purchasers may, on and after the third day from sale by or to such member, exercise the powers provided in Rules 31 and 33.

Penalty of member or members joining in any other Exchange in New Plymouth.
4. The privilege of buying and selling at meetings of the Stock Exchange shall be withdrawn from any member during such period as he, his partners, or his clerk shall be a member of any other Stock Exchange within the Town of New Plymouth.
5. A seller of shares on Saturday has (Sunday being dies non) until 3 o’clock p.m. on Wednesday to deliver them. Failing delivery on that date the purchaser can give written notice that he requires delivery during next business day—viz., by noon on Friday. Delivery not being made on Friday as demanded the buyer may then, at his option, either cancel the contract or buy at the vendor’s risk.

Placing of stocks upon official list.
6. Companies applying to have their names placed upon the official list must furnish full particulars to the satisfaction of the members. They must give assurance of due formation and that shares are available for transfer, and undertake to supply to the secretary of the Stock Exchange of Taranaki from time to time (without his applying for same) prompt notification of all cables and telegrams received, and calls, dividends, alterations of capital, or other material information regarding the company while on the official list. The Exchange shall have power to remove any company from the list if they see cause to do so. The members will decide by a majority of those present whether the company shall or shall not be admitted to the list. The fee payable on application of the company shall be fixed from time to time by the members, the present fee being three guineas.
All foreign mining companies will be quoted free of charge.

Stock- and share-broking companies.
7. No company carrying on the business of stock and share brokers shall be placed upon the official call-list of the Taranaki Stock Exchange.

Member selling responsible for validity of documents.
8. Any member selling shall be responsible for the validity at any time of delivery of all documents delivered, and for the shares being free from all liability then past due at the time of sale.

Auction sales, tenders, &c.
9. (a.) That no member of this Exchange, or his partner or clerk, or any one employed by him, shall be allowed to attend auctions to bid directly or indirectly for stock, debentures, bonds, or shares of any description (forfeited estates excepted), also such other sales of bonds or shares as may be permitted by special resolution of the Exchange from time to time.
(b.) That no member of this Exchange be allowed to tender for stock, bonds, debentures, or shares of any description in a private estate, shares in deceased or bankrupt estates excepted.
(c.) That no member of this Exchange be allowed to tender for stock, bonds, or debentures of any Government, municipal, or other corporations, except on such terms and conditions as may be sanctioned by the Exchange.
(d.) That any member infringing these resolutions shall be dealt with under Rule 26.
10. That the holidays to be observed by this Exchange for the future be: Good Friday, the 24th May, the King’s Birthday (9th November), and from the 25th December until the 3rd January of the succeeding year, both days inclusive, and such other days as may be determined by a majority of the members.

Advertising shares for sale or purchase.
11. No member of the association shall advertise in any newspaper in New Zealand the fact that he has buyers or sellers for any stocks, shares, or debentures of any description whatever, except under special circumstances, when the consent of the chairman or the committee must be first obtained. Any breach of this rule shall be dealt with under Rule 26.

Giving information to newspapers about any company.
12. Any member of this association wishing to supply any information to one or more of the newspapers in New Zealand regarding any of the companies, mining or otherwise, whose stocks are dealt in in New Zealand shall do so only through the Exchange, and such information must only be published with the consent of the chairman or the committee and in the name of the Exchange.

Walter Bewley. L. M. L. Monteath.
Duncan McAllum. Wharton Humphries.
J. C. Davies. Alec. Hill.
John W. Wilson. K. Webster.
F. P. Corkhill. E. P. Webster.
J. S. S. Medley. E. Gilmore and Co.
E. Griffiths. E. A. Ede.

As witness the hand of His Excellency the Governor, this twenty-fourth day of April, one thousand nine hundred and seven.

ALEX. WILLIS,
Clerk of the Executive Council.

Authorising the Laying-off of Lake Street, in Takapau Extension No. 1, of a Width of not less than 66 ft.

Department of Lands,
Wellington, 30th April, 1907.

IN pursuance of the power and authority conferred upon me by section 2 of “The Towns Main Streets Act, 1902,” I, Robert McNab, Minister of Lands, do hereby authorise the laying-off of Lake Street, in the Township of Takapau Extension No. 1, Hawke’s Bay Land District, of a width of not less than 66 ft., instead of 99 ft. as prescribed by section 17 of “The Land Act, 1892.”

ROBERT MCNAB,
Minister of Lands.