APRIL 28.] THE NEW ZEALAND GAZETTE. 1295

(c.) The provisions of this paragraph shall apply after the nominee named in any policy has attained the age of twenty-one years. No such policy shall be absolutely forfeited by reason of such non-payment of premium falling due after that event so long as the charges on the policy are not in excess of the surrender value for the time being. And (with respect to policies on which the premiums are payable yearly or half-yearly) no such policy as aforesaid shall be absolutely forfeited so long as the surrender value for the time being, after deduction of the charges on the policy, suffices to meet at least one-quarter of such yearly or one-half of such half-yearly premium. Any such policy may also be revived at any time not exceeding twelve calendar months after the date of forfeiture as above determined, on satisfactory proof being given of the unimpaired health of the nominee, and on payment of the premiums in arrear and interest thereon as at the due date of each premium, accumulated at a rate not exceeding seven pounds per centum per annum, provided that no charge for interest shall be less than 1s.

(d.) The amount of all premiums duly paid previous to the death of the nominee will be refunded in the case of the death of the nominee during the thirty days of grace mentioned in paragraph (b) of these conditions, if the death of the nominee occurs before attaining the age of twenty-one years.

(e.) Policies shall be exempt from forfeiture in all cases except fraud or fraudulent misrepresentation, or concealment of facts, or non-payment of premium.

(f.) Unless the age of the nominee has already been admitted by the Commissioner, the Commissioner shall be entitled to require at any time reasonable proof of the date of birth.

(g.) On the death of the nominee, notice in writing of such death shall be immediately given to the Commissioner.

(h.) Payment of any sum payable under the policy shall not be due until the expiration of one calendar month after the time when the proofs of identity and death of the nominee have been supplied to the satisfaction of the Commissioner, nor until the policy, duly discharged, has been delivered to the Commissioner or to a duly appointed officer; but it shall be competent for the Commissioner, if he thinks fit, to pay the said sum at any time after such proofs have been supplied to him.

(i.) The purchaser, his executors, administrators, or assigns, may surrender the policy prior to the attainment of the age of twenty-one years by the nominee, and a receipt given by the purchaser, his executors, administrators, or assigns, for such surrender value shall be a complete discharge to the Commissioner from all liability under the policy.

SECOND SCHEDULE.

TABLE nI.

Whole-life Assurance without Profits.

PREMIUMS payable during the whole of life to secure £100, payable at death only.

TABLE nC₂₅.

Endowment Assurance without Profits.

Premiums payable throughout the term of the policy to secure £100, payable at the end of 25 years, or at previous death.

TABLE nC₃₀.

Endowment Assurance without Profits.

Premiums payable throughout the term of the policy to secure £100, payable at the end of 30 years, or at previous death.

TABLE 2C₂₅.

Endowment Assurance with Extra Profits.

Premiums payable throughout the term of the policy to secure £100, payable at the end of 25 years, or at previous death.