340
THE NEW ZEALAND GAZETTE.
[No. 12

Fines to be paid
within One Week.

Restrictions to
Members voting.

Publication of
Expulsion, &c.

Votes required
to alter Rules.

Procedure.

Rules of Association
binding on all
Members.

Rules of Association
prevail.

member shall appear on such notice he shall be heard by the committee in
his defence ; but if he fails to appear, the committee may proceed in his
absence : Provided, however, that in the case of a country member his defence
may be submitted by him in writing. The fines mentioned herein shall not
be less than £5 or more than £100 : Provided, always, that in the case of a
continuing offence the fine may be a sum not exceeding £10 for each and every
day during which such offence has continued.

95. Any member of the Exchange, who fails to observe or be bound by
    the terms of any decision or ruling of the committee, or the spirit or intention
    thereof, relating to the conduct by the members of the Exchange of their
    business, or to their dealings with one another, or relating to other matters
    arising out of the objects or purposes of the Exchange, shall be deemed
    guilty of conduct unworthy of a member, and be dealt with in manner
    provided by the preceding Rule No. 94.

96. If a fine imposed on any member by a special general meeting of
    members is not paid within seven clear days, the member in default shall
    thereupon ipso facto cease to be a member and shall forfeit his seat, and the
    committee may announce to the members that he has ceased to be a member
    of the Exchange, and his name shall thereupon be erased from the list of
    members.

97 No member, or his partner or clerk being a member, shall vote at
any meeting at which a charge affecting himself is under consideration.

98. The committee for the time being may, in its absolute discretion,
    and in such manner as it may think fit, notify or cause to be notified to the
    public that any member has been expelled, or has become a defaulter,
    or has been suspended, or has ceased to be a member. No action
    or other proceeding shall under any circumstances be maintainable by
    the person referred to in such notification against any member or official
    publishing or circulating the same, and this rule shall operate as leave and
    authority to any member or official to publish or circulate such notification
    and be pleadable accordingly.

99. Should a fine be imposed by the committee and not paid within the
    time fixed by the committee it shall be competent for the committee to refer
    such failure to a special general meeting, when it shall be competent for
    such meeting to suspend or expel the member failing to pay the fine.

ALTERATION OF RULES.

100. These rules shall not be amended, repealed, or added to except
     by a vote of a majority of the members present at a meeting specially called
     for that purpose, at which at least two-thirds of the members shall be present.

101. Notice shall be given in writing, addressed to the secretary, of any
     proposed amendment or repeal of or addition to the rules. A special general
     meeting of which not less than seven days’ notice shall be given shall be
     called to consider any proposed alteration. The notice calling the meeting
     may be posted to the last-known business address of a member and shall
     state the proposed alteration, but the accidental omission to give such notice
     to any member shall not invalidate any proceedings taken or any resolution
     passed at such meeting. No amendment shall be entertained, at the meeting
     which introduces fresh matter, and no proposed amendment or repeal of or
     addition to these rules, if rejected, shall be proposed again within six months
     of having been rejected unless three-fourths of the members in general
     meeting by resolution grant special leave to propose such amendment,
     repeal, or addition within the said six months of having been rejected.

RULES OF STOCK EXCHANGE ASSOCIATION OF NEW ZEALAND.

102. The rules of the association shall be binding on all members and
     shall apply to and govern all dealings by a member whether such dealings are
     with another member or members of the Exchange or with a member or
     members of another Exchange affiliated with the Stock Exchange Association
     of New Zealand.

103. In the case of any conflict between the rules of the Exchange and
     the rules of the association, the rules of the association shall prevail.

DISSOLUTION.

104. The distribution of the property of the Exchange in the event of
     its ceasing to exist shall be determined by a special general meeting of the
     members of the Exchange.

Approved in Council.

GALWAY, Governor-General.
By his Deputy,
MICHAEL MYERS.

9th February, 1938.

C. A. JEFFERY,
Clerk of the Executive Council.