New Zealand Gazette – 1925 – No. 82

Page 3237

✨ Legal Tender Proclamation

Numb. 82.

3237

THE
NEW ZEALAND GAZETTE.
Published by Authority.

WELLINGTON, THURSDAY, NOVEMBER 26, 1925.

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

[L.s.] CHARLES FERGUSSON, Governor-General.
A PROCLAMATION.
WHEREAS by section two of the Banking Amendment Act, 1914, it is enacted
that the Governor-General in Council may from time to time by Proclamation
declare that the notes payable on demand by any bank therein named 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 successive Proclamations published in the New Zealand Gazette
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, for
the periods therein set forth, 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-General in Council is satisfied, in pursuance of
clause seven of the regulations made under section forty-four of the Finance Act,
1916, on the twenty-first day of August, one thousand nine hundred and sixteen, and
published in the Gazette of the same date, that in respect of each of the said banks
the total amount of the notes issued or reissued in New Zealand by that bank and
now in circulation is within the limit of the note-issue of that bank as determined
by the said regulations of the twenty-first day of August, one thousand nine hundred
and sixteen :
Now, therefore, His Excellency the Governor-General of the Dominion of New
Zealand, in exercise and pursuance of the powers and authorities conferred upon him
A