May 12.] THE NEW ZEALAND GAZETTE. 1267

declaration of the non-revocation of such power of attorney. The
Secretary of each Exchange is empowered to mark each transfer
stating that such statutory declaration has been exhibited to
him, and forwarded to the Company with the relative scrip.

91. Where the seller has not tendered the documents within
    six weeks of the date of sale, or in the case of a time bargain
    within six weeks of the due date, and the buyer has not named
    the seller in accordance with Rule 80, the buyer may give notice
    to the seller that unless the documents are tendered within
    seventy-two hours of the receipt of such notice the buyer will not
    thereafter accept delivery, and if the seller fails to deliver within
    the said seventy-two hours then he shall not be entitled thereafter
    to deliver. Nothing in this rule shall be deemed to prejudice
    the rights of the buyer against the seller in respect of non-
    delivery as aforesaid. Where the buyer has not for six weeks
    from the date of sale, or in the case of time bargains for six weeks
    from the due date thereof, requested the seller to deliver or taken
    any other steps upon the contract in accordance with these
    Rules, he shall not be entitled to require the seller to deliver
    unless and until he gives the seller seventy-two hours’ notice that
    he requires the seller to deliver.

DISPUTES.

92. All disputes between members of the same Exchange or
    between a member of an Exchange and his client shall be sub-
    ject to the jurisdiction of such Exchange.

93. Disputes between any two Exchanges or between any
    Exchange and a member of any other Exchange shall be referred
    direct to the Committee of the Association.

94. Disputes between members of any two Exchanges shall
    be referred to the arbitration of the Committee of another
    Exchange affiliated to the Association being a Metropolitan
    Exchange. The appointment of the Exchange to act as arbi-
    trator is to be agreed upon by the Exchanges concerned in the
    dispute; failing such agreement, the arbitrating Exchange shall
    be nominated by the President of the Association.

95. Any disputant shall have the right of appeal against the
    decision of the Committee of an Exchange to the Committee of
    the Association, whose decision shall be final and binding. Notice
    of appeal must, save with the leave of the Committee, be given
    in writing to the Secretary of the Association within ten days
    after the decision of a Committee of an Exchange has been given.

96. Any member or any Exchange lodging an appeal must,
    together with a letter reciting the subject-matter of the appeal
    or dispute, enclose a cheque for £15 as a deposit towards cost.
    The Committee in giving its decision on such appeal or dispute
    shall deal with the question of costs in such manner as it thinks
    fit.

97. Appeals to the jurisdiction of the Association shall be
    made only through the Committee of an Exchange.

98. The Committee shall have full and absolute power in the
    event of an appeal or complaint being made, which, in its
    opinion, justifies such procedure, to call upon any member to
    produce for inspection all books, letters, telegrams (or certified
    copies thereof) and other documents in the possession of either
    party relating thereto, and such member shall without delay
    produce them for inspection accordingly. Members and their
    clerks when required so to do by the Committee shall attend any
    meeting of the Committee, and then and there shall give such
    information as may be in their possession relative to any matter
    under investigation.

99. The Committee of the Association or a Committee of an
    Exchange may refuse to adjudicate upon any claim by a pur-
    chasing member in respect of any transfer that has not been
    lodged for registration within three months from the date of
    delivery to the said purchasing member.

100. It shall not be incumbent upon the Committee of an
     Exchange to entertain any complaint submitted to it by any one
     not a member of the Exchange against a member of it, unless
     such member shall have been employed by the complainant in
     the capacity of broker; and in that or any other case in which
     a non-member desires the intervention of the Committee he