Feb. 2.] THE NEW ZEALAND GAZETTE. 437

Members to be fined.

17. In the event of any member or members obstructing the business of the meeting, or being guilty of any breach of etiquette, of which the chairman shall be the sole judge, the chairman shall report the matter to the Committee, who shall have power to inflict such fine, not exceeding £5, as they may deem advisable.

OFFICIAL VACANCY.

Occasional official vacancies to be filled up.

18. Any occasional vacancy in the Committee, or in the position of Chairman or Secretary, shall be filled at a special general meeting of the members to be summoned by the Committee for that purpose without unnecessary delay.

ANNUAL GENERAL MEETING AND SPECIAL GENERAL MEETINGS.

Business and powers of annual general meeting.

19. The financial year of the Exchange shall close on the 30th day of November. A general meeting of members shall be held annually in the month of December, at which the business shall be to receive from the Treasurer a balance-sheet showing the financial position of the Exchange, to elect a Committee and officers for the ensuing year, and also generally to conduct any business provided for in these rules.

20. At any annual general meeting, after all business herein provided for shall have been disposed of, it shall be competent for any member to bring under the notice of the meeting any business or matter within the object or purposes of the Exchange, and to give notice of any proposition to be considered at a future meeting.

Committee may call a special general meeting.

21. A special general meeting may be called by the Committee at any time.

Any four members may call a special general meeting.

22. A special general meeting shall be called by the Committee upon the receipt of a requisition addressed to the Secretary requesting them to do so, signed by at least four members, and stating the business for which such meeting is required; and if the same shall not be convened within seven days from the time of such requisition being so left with the Secretary, the requisitionists, or any four members, may themselves convene a meeting by giving the required notice at an official meeting.

Notice required for a special general meeting.

23. A special general meeting can only be held after at least twenty-four hours’ notice has been given by announcement at an official meeting, specifying the day and hour of the meeting and the general nature of the business to be considered.

Business at special general meetings limited.

24. No other business shall be transacted at a special general meeting, except that stated in the notice convening the meeting, and no resolution shall be passed, or other business transacted, which is not included within the objects and purposes for which the meeting is convened. No amendment shall be allowed upon any resolution contained in the notice convening any meeting not directly pertinent thereto.

Adjournment of general meetings.

25. Any general meeting shall have power, inter se, to adjourn from time to time as may be found necessary. Whenever an adjournment to a future day has been decided upon notice thereof shall be given in such manner as may be determined by the chairman of the meeting. No business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting so adjourned.

Voting majority to rule.

26. Every member shall have one vote, and all questions shall be decided by a majority of the members present and voting, except in the case provided for in Rule 117. Voting by proxy shall not be permitted.

Quorum.

27. The quorum for general or special general meetings of members shall be six.

FUNDS.

Control of funds.

28. The Committee shall have full control over the funds of the Exchange, and shall pay therefrom all current expenses and outgoings, and any other payments for which they have the authority of the members. All moneys received shall be paid into a bank account, and all accounts, salaries, &c., shall be paid by withdrawals therefrom.

Investment of funds.

29. The Committee shall invest the funds as they may in their absolute discretion think advisable, and shall have power to sell and vary investments.

Cheques.

30. Cheques drawn upon any funds of the Exchange shall bear the signatures of the Chairman and Secretary, or of any two members of the Committee.

ENTRANCE FEE.

31. An entrance fee of such sum as the Exchange may from time to time determine shall be paid by candidates for membership at the time of application for admission. In the event of a candidate being rejected his entrance fee shall be returned to him: Provided that any candidate for admission by virtue of the purchase of a membership shall not be required to pay any entrance fee other than the sum mentioned in Rule 47.

SUBSCRIPTION.

Subscription. Defaulters.

32. An annual subscription not exceeding £5 shall be made payable at such time and in such manner as the Committee may consider necessary. New members shall pay on election the subscription which shall have been levied for the current year. Any member not paying his subscription within two calendar months after the same shall have been levied shall be charged an additional sum equal to the amount of the subscription levied; and if such additional sum, together with the subscription, is not paid within four calendar months from the time when such subscription was levied, he shall be deemed to be suspended from the privileges of his membership, and shall continue so suspended until such time as he has paid the subscription and the additional sum charged through non-payment of the subscription during the first two months.

33. The membership of a resigning member, from the date of resignation until the election of his nominee, shall be subject to the same annual subscription as that of existing members during that period.

34. A membership purchased by the Committee shall not be liable for the annual subscription whilst held by them.

ELECTION OF MEMBERS.

35. Every candidate for admission to membership must be proposed and seconded by members, and his name shall be submitted to the Committee, and announced at an official meeting, and posted in the room of the Exchange at least fourteen days before the day of election. The ballot shall be taken at the noon call of shares on the day after such fourteen days have expired. Applications for admission to membership, except as otherwise provided, shall be in the following form:—

Form of application for admission.

Thames, 19.

To the Secretary of the Thames Stock Exchange.

Sir,—I am desirous of being admitted a member of the Thames Stock Exchange upon the terms of, and under and subject in all respects to, its rules and regulations which now are or hereafter may be for the time being in force. I have read the rules as at this date, and am willing to sign them when called upon to do so. Enclosed I beg to hand you cheque for £____, being the entrance fee required.

I am, &c.,

…………

Election of candidates.

36. Candidates shall be elected by the members by ballot. One black ball in three shall exclude. Proxies shall not be allowed. No ballot shall be valid unless six members actually vote.

37. No rejected candidate shall be again proposed for election within the space of six months after his rejection.

All partners of a firm to be members.

38. All the partners of any firm of which one of the members thereof shall be desirous of becoming a member of the exchange shall, simultaneously with the proposition of such member for membership, be submitted for the approval of the Exchange, and such approval shall be signified by a ballot taken in the same manner as is provided for the election of members. All the partners of any firm of which one of the members is a member of the Exchange shall be