3506

THE NEW ZEALAND GAZETTE.

levy or fee shall be paid and if it shall not be paid within
twelve calendar months of the due date thereof he shall
immediately upon the expiration of such period cease to be
a member and his seat shall be forfeited to and become the
property of the exchange.

“(iv) If any approved partner shall fail to pay any levy
payable by him within four calendar months of the due
date thereof then as from the expiration of such period
until he pays such levy he shall not be entitled to exercise
any rights or privileges conferred upon approved partners
by the rules of the exchange or otherwise.

“In the event of such failure continuing for twelve calendar
months after such due date any member of the exchange
being a partner of such approved partner shall be in the
same position as if such approved partner had been proposed
for approval by the exchange under Rule 40 and had been
disapproved of by it on the day such twelve months expired.

“(v) Every reference to the ‘annual subscription’ in any
rule shall be deemed to be a reference to the levies hereunder.”

3. That Rules 63, 64, and 65 be abrogated and the following
   two rules numbered 63 and 64 be adopted in substitution
   therefor :—

“63. The committee may at the request of a member or
a firm grant permission to a clerk in the service of such member
or firm to attend the official meetings of the exchange for
the purpose of making quotations or purchasing or selling
shares on behalf of such member or firm but for no other
purpose and may at any time of its own accord and shall at
the request of such member or firm withdraw or cancel such
permission.

“While such permission subsists such clerk shall be
deemed for the purposes of these rules to be an authorized
clerk of the member or firm in whose service he is.

“64. An authorized clerk while in attendance at an official
meeting shall subject as hereinafter provided in these rules
be deemed to be the agent for all the purposes mentioned
in Rule 63 of the member or firm in whose service he is and
such member or firm shall be responsible for all the transactions of such clerk.”

4. (a) That Rule 49 be amended by adding the following
   provision at the end thereof:—

“Notwithstanding the foregoing provisions of this rule the
entrance fee payable thereunder shall in the case of a transferee who is or has within three calendar months of his application for admission to membership been an approved partner
of a member or an authorized clerk in respect of whom at least twenty-four clerk’s fees have been paid be half what
it would be in the case of any other transferee.”

(b) That Rule 33 be amended by inserting after the word
“admission” at the end of the first sentence thereof the
following provision:-

“Provided that the above-mentioned entrance fee of a
candidate who is or has within three calendar months of his
application for admission to membership been an approved
partner or an authorized clerk in respect of whom at least
twenty-four clerk’s fees have been paid shall be only half the
sum payable by other candidates.”

5. That Rule 40 be amended by adding the following
   provisions at the end thereof:-

“The members at a special general meeting may on the
recommendation of the committee resolve to withdraw the
approval of any partner who has been guilty of conduct
which in the opinion of the committee would demand his
expulsion if he were a member of the exchange and in such
case the same consequences shall follow as if such withdrawal
were a disapproval of that partner by the exchange on an
original application for his approval.

“An approved partner shall have the right to attend
official meetings of the exchange but for the purpose only
of making quotations or purchasing or selling shares. Every
rule regulating or relating to transactions between members
or between members and non-members or to the obligations
of members to other members or non-members or to the
exchange or as to the conduct, business practice, or ethics of
members shall bind an approved partner as if he were a
member.

“The committee may request any approved partner at
any time to sign an acknowledgment that he is acquainted
with the rules of the exchange and an agreement to be bound
by such as affect an approved partner. If any approved
partner fails to sign and deliver to the secretary such an
acknowledgment and agreement within seven days after the
same is requested in writing he shall not be entitled to exercise
any rights conferred by these rules until he complies with such
request.”

6. That the rules of the exchange be amended by omitting
   the words “as such” wherever they appear in Rule 31A or
   Rule 54.

7. That the following new rule be adopted and be deemed
   to be inserted after Rule 1 :—

“1A. In these rules where the context permits each of
the following terms whether used alone or in conjunction with
any of the others shall be deemed to include the others—
(a) Share or shares.
(b) Stock or stocks.
(c) Bonds.
(d) Debentures.
(e) Securities.
(f) Rights or other property the subject of transactions on
the exchange.

8. (a) That the following new rule be adopted and be
   deemed to be inserted after Rule 84:-

“84A. In respect of every sale contract notes shall be
passed between the members concerned and any contract
note so passed shall be prima facie evidence that a contract
has been entered into and of the terms thereof. Each such
contract note shall be delivered or forwarded by post as
soon as practicable and so as in no case to reach the member
concerned later than 1 p.m. (or if a Saturday 11 a.m.) on the
third day after the sale has taken place.

“Where a member receives a contract note the terms of
which he does not accept as correct it shall be his duty to
return it to the member issuing the same within twenty-four
hours of its receipt, failing which he shall be deemed to have
accepted its correctness.

“Save as herein provided return is constituted for the
purpose of this rule by actual delivery at the office of the
member to whom the note is to be returned provided that in
cases where both the members are not carrying on business
in the same town the note shall be deemed to have been duly
returned if posted (in an envelope properly stamped and
addressed) within the time aforesaid.

“Should the said twenty-four hours expire at a time when
the exchange is closed it shall be sufficient compliance with
this rule if the note is returned in manner aforesaid before
noon on the next day upon which the exchange is open.”

(b) That Rule 83 be deemed to be consequentially amended.

We hereby certify that the foregoing amendments to the
rules of the Auckland Stock Exchange were duly passed and
adopted at a special general meeting of such stock exchange
called for the purpose on the 2nd day of October, 1939, and
that the requirements of law and of the rules of the said
stock exchange were fully complied with.

P. C. SAVAGE,
Chairman.

K. N. BUTTLE,
Acting Secretary.

Notice of Intention to take Land in Block XIII, Cloudy Bay
Survey District, for the Purposes of a Road.

NOTICE is hereby given that it is proposed, under the
provisions of the Public Works Act, 1928, to execute
a certain public work—to wit, the construction of a road—and for the purposes of such public work the land described
in the Schedule hereto is required to be taken. And notice
is hereby further given that the plan of the land so required
to be taken is deposited in the post-office at Blenheim and is
there open for inspection; and that all persons affected by
the execution of the said public work or by the taking of the
said land should, if they have any well-grounded objections
to the execution of the said public work or to the taking of
such land, set forth the same in writing, and send such writing
within forty days from the first publication of this notice,
to the Minister of Public Works at Wellington.

SCHEDULE.

APPROXIMATE area of the piece of land required to be taken:
20-92 perches.
Being portion of Section 161, Omaka R.D.

Situated in Block XIII, Cloudy Bay Survey District.
(S.O. R510/79.)

In the Marlborough Land District; as the same is more
particularly delineated on the plan marked P.W.D. 103506,
deposited in the office of the Minister of Public Works at
Wellington, and thereon coloured purple.

As witness my hand at Wellington, this 11th day of
December, 1939.

R. SEMPLE, Minister of Public Works.

(P.W. 70/11/52/0.)