MAY 12.] THE NEW ZEALAND GAZETTE. 1263

70. When a transaction is in shares on a foreign register the Foreign Registers.
    responsibility of the seller shall cease if he shall have made all
    reasonable endeavours to secure the new shares ; and, further,
    the seller shall be relieved of all responsibility if the circum-
    stances place him in no better position than the buyer to secure
    the new shares, in which case the seller may, on receipt of a
    written request from the buyer to protect his rights, notify the
    buyer in writing of such circumstances, and the buyer, on receipt
    of such notification, shall protect his own interests.

QUOTATIONS AND REPORTING SALES.

71. No quotation shall be made at official call meetings for Minimum quotations.
    parcels less than as follows :-
    In the case of—
    (a) Local Body Debentures—£200 face value.
    (b) N.Z. Government Stock Bonds or Debentures—
    Where free of tax—£500 face value.
    Where not free of tax—£200 face value.
    (c) Other securities saving Mining Shares—
    100 shares or £100 worth, whichever is lower in
    value.
    (d) Mining Shares—
    Up to 1s. quoted price—300 shares.
    Over 1s. to 2s. 6d. quoted price—200 shares.
    Over 2s. 6d. to 5s. quoted price—100 shares.
    Over 5s. quoted price—50 shares or £50 worth.

72. All sales amounting to quotations made at official call Quotations.
    meetings shall be reported. Sales between members of affiliated
    Exchanges which if made at an official call meeting would be
    reported may be reported provided it be quoted not later than
    the next succeeding call, and on the day that the sale is made
    save that sales made after the last call of the day may be
    reported up to 5 p.m. to the Secretary of the Exchange for pub-
    lication. Sales made after the last call of a day and not so reported
    to the Secretary may be reported at the next following call under
    the heading “Late Sale Yesterday” or “Late Sale Saturday,”
    &c. No sales made for less than a minimum quote in accord-
    ance with these Rules shall be reported. No sale or quotation
    shall be reported otherwise than in accordance with these Rules.
    Forward sales shall not be reported for publication.

73. All dealings in Australian and New Zealand shares shall sale of shares
    be “ex div.” on the day the dividend is payable at the Company’s “ex div.”
    Head Office.
    The quotation of Shares cum rights shall cease as soon as the Quotations
    cum rights.”
    books of the Company are closed for the purpose of the issue of
    the new Shares.
    Due date must accompany quotation of debentures.
    Time bargains shall not be quoted on the official list.

REGISTER OF SALES.

74. Each affiliated Exchange shall keep a record of all sales Sales Register
    to be kept.
    made at Official Call Meetings, which record shall be read over at
    the conclusion of each such meeting, and shall in the case of
    dispute be binding upon the Members of the Exchange.

DELIVERY AND SETTLEMENT.

75. Where a name is required to be inserted in a transfer When transferree’s
    the buyer shall supply the transferee’s name immediately upon name to be
    request by the seller, provided that the buyer shall be under no supplied.
    obligation to supply such name until the expiration of seventy-
    two hours from the time of sale, and in the case of time bargains
    until three days before the due date. Request for such name
    shall be made only upon days upon which the Exchange is open.
    Where no name is required to be inserted in the transfer or no
    transfer is required, then the seller may deliver and demand
    settlement upon the first day the Exchange is open after the
    day of sale.

76. Where a name is required to be inserted in the transfer When Seller
    the seller :- may deliver.
    (a) May deliver in the name supplied immediately such name
    is supplied but not upon the day of sale.