New Zealand Gazette – 1914 – No. 99

Page 3485

Page 3486 →

✨ Legal Tender Proclamation

Numb. 99. 3485

THE

NEW ZEALAND GAZETTE

EXTRAORDINARY.

Published by Authority.

WELLINGTON, FRIDAY, SEPTEMBER 4, 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 a Proclamation dated the fifth day of August, one thousand nine hundred and fourteen, and published in the New Zealand Gazette upon the same date 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 sixth day of September, 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 :

VUW Te Waharoa — NZ Gazette 1914, No 99

NZLII — NZ Gazette 1914, No 99

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✨ LLM interpretation of page content

💰 Declaring Notes of certain Banks to be a Legal Tender for a Further Period

Domain💰 Finance & Revenue
Dated4 September 1914
KeywordsLegal tender, Bank notes, Proclamation, Banking Amendment Act 1914
👩‍💼 Officials

Liverpool, Governor

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