1258
THE NEW ZEALAND GAZETTE.
[No. 33

upon by three members of the Executive, and it shall be the duty
of the Secretary as soon as conveniently may be after the certifi-
cation of any such Minute to forward a copy thereof to each
member of the Executive.

AMENDMENT TO RULES.

Amendment of Rules.
28. Any of these Rules may be altered, amended, repealed,
or added to, but only at a Special General Meeting of the Com-
mittee, to be called either on the direction of the President or
at the written request of not less than two affiliated Exchanges.
(a) Twenty-eight clear days' notice shall be given in writing
to the Secretary of any proposed amendment, repeal, or addition
to these Rules. (b) No proposed amendment, repeal, or addition
of Rules shall be considered save the proposed alteration is
endorsed by General Meeting of an affiliated Exchange or proposed
by the Committee of this Association. (c) The Secretary
shall immediately send copies of such notices to each affiliated
Exchange with a request that the same shall be considered
at a special meeting of the affiliated Exchange called for
the purpose. (d) No amendment, repeal, or addition to these
Rules shall be resolved upon save an amendment, repeal, or
addition proposed as aforesaid; save that at any meeting duly
convened to consider any amendment, repeal, or addition pro-
posed as aforesaid, any amendment may be taken of the original
proposal which does not, in the opinion of the Chairman of such
meeting, substantially alter the character and purpose of the
amendment, repeal, or addition originally proposed. (e) No
proposed amendment, repeal, or addition to the Rules, if rejected,
shall be entertained for six months. (f) No proposed amend-
ment, repeal, or addition to any Rule passed at any General
Meeting shall be entertained within six (6) months. (g) No
Rule may be altered nor new Rule made except by three-fourths
majority of votes (including proxy votes).

SUBSCRIPTION.

Subscription.
29. The annual subscription of each affiliated Exchange shall
be a sum equal to ten shillings per capita for each member on
the roll of each affiliated Exchange on 30th June in each year,
and shall be due and payable in one sum on the first day of July
in each year, and must be paid during the month of July. Failing
payment by 31st July, 10 per cent. per month fine shall be due
and payable. If necessary it shall be competent for the Com-
mittee of the Association to strike a levy rateably on all affiliated
Exchanges in accordance with the membership of each Exchange
at the time the levy is struck. The amount to be payable
within thirty days of the date when the levy is struck.

RESIGNATIONS.

Resignations.
30. No affiliated Exchange shall be at liberty to withdraw
from the Association unless and until it shall have given not
less than six clear months' written notice of such intention to
resign, and shall have paid all moneys whatsoever due to the
Association.

LOCAL EXCHANGES.

Local Exchanges—Management.
31. Each Exchange shall manage its own local affairs, and
adjust differences between its own members.

Country Members.
32. Any licensed sharebroker carrying on business at a
distance of not less than twenty miles from an affiliated
Exchange may, by payment of an annual fee of £5 5s., or such
other payment as from time to time may be fixed by the
Association, be elected a Country Member of the Metropolitan
Exchange nearest his place of business. Country members shall
have the privilege of doing business with any member of any
affiliated Exchange, but shall not be eligible to attend any
“calls” or meeting of such Exchange as he is connected with
except as a guest. A country member shall be deemed to be
on the Roll of such Exchange as he is connected with, and shall
sign the Rules of that Exchange. All country members must
apply and be re-elected annually.