New Zealand Gazette – 1914 – No. 107

Page 3693

✨ Legal Tender Proclamation

Numb. 107.

3693

THE
NEW ZEALAND GAZETTE
EXTRAORDINARY.
Published by Authority.

WELLINGTON, MONDAY, OCTOBER 5, 1914.

Declaring Notes of certain Banks to be a Legal Tender for a Further Period.
[L.S.]
LIVERPOOL, Governor.
A PROCLAMATION.
WHEREAS by section two of the Banking Amendment Act, 1914, it is enacted
that the Governor in Council may from time to time by Proclamation declare
that the notes payable on demand by any bank and then issued or thereafter to be issued
or reissued within New Zealand under any lawful authority in that behalf shall during
the period limited by the Proclamation be everywhere within New Zealand a good and
legal tender of money to the amount therein expressed to be payable : And whereas
by Proclamations dated the fifth day of August and the fourth day of September,
one thousand nine hundred and fourteen, and published in the New Zealand Gazette
upon the same dates respectively it was declared that the notes payable on demand
by any of the banks named or described in the Schedule hereto and then issued or
thereafter to be issued or reissued within New Zealand under any lawful authority
in that behalf should, on and after the sixth day of August, one thousand nine
hundred and fourteen, until and including the seventh day of October, one thousand
nine hundred and fourteen, be everywhere within New Zealand a good and legal
tender of money to the amount therein expressed to be payable : And whereas
occasion for the further exercise of such power in respect of the aforesaid banks has
now arisen : And whereas the Governor in Council is satisfied in pursuance of the
requirements of the said Act that in respect of each of the said banks which has its
head office in New Zealand the assets of that bank exceed its liabilities as between
the bank and its creditors by at least the amount of its paid-up capital, and that in
respect of each of the said banks which has its head office out of New Zealand the
assets of that bank within New Zealand exceed its liabilities therein as between the
bank and its creditors :