30 JULY]

Special Order Made by the Kaikoura County Council Altering Riding Boundaries and Adjusting Representation

Pursuant to section 100 of the Counties Act 1920, as amended by section 3 of the Counties Amendment Act 1921–22, I hereby publish the following special order made by the Kaikoura County Council, and fix the 20th day of September 1953 as the date from which the said special order shall take effect.

Dated at Wellington, this 24th day of July 1953.

W. A. BODKIN, Minister of Internal Affairs.
(I.A. 103/137/40)

SPECIAL ORDER

At a special meeting of the Kaikoura County Council, held in the Council Chambers on Friday, the 20th day of March 1953, it was resolved by way of special order:

“ 1. Pursuant to the powers vested in the Council by section 23 of the Counties Act 1920, to abolish the Peninsula Riding and to constitute in its stead a riding the boundaries of which will conform with the proposed county township, and to name the new riding the Town Riding, the area and description of which being more particularly set out in the Schedule hereto.

“ 2. To adjust the boundaries of the Suburban Riding to make them conform with those of the Town Riding, pursuant to the same powers, the new area and description of the Suburban Riding being more particularly set out in the Schedule hereto.

“ 3. To declare the Town Riding a county township as from the 1st day of April 1953, pursuant to section 2, subsection (4), of the Counties Amendment Act 1949.

“ 4. To increase the number of Councillors to be elected by the riding, when constituted as a county township, to three, pursuant to the powers in that behalf enabling vested in the Council by section 59 of the Counties Act 1920.

“ 5. To consider the confirmation of this resolution at a meeting to be held on Friday, 15 May 1953, being a day fixed after the expiration of twenty-eight days, but within seventy days of 20 March 1953, and to give such notice of this resolution and of the subsequent meeting as is by law required.”

The common seal of the Chairman, Councillors, and Inhabitants of the County of Kaikoura was hereunto affixed in accordance with the special order so made by the said Council on the 20th day of March 1953, in the presence of—

H. J. HEWSON, Chairman.
J. H. BURNS, County Clerk.

I hereby certify that the above-mentioned special order was confirmed at a meeting of the Kaikoura County Council held on Friday, 15 May 1953.

J. H. BURNS, County Clerk.

I certify that the above special order has been duly made.

J. H. BURNS, County Clerk.

SCHEDULE

Town Riding

ALL that area of land in the Peninsula and Suburban Ridings of the County of Kaikoura in the Marlborough Land District, containing by admeasurement 704 acres, more or less, bounded by a line commencing at the high-water mark of the sea opposite the south side of Mill Road; thence westerly generally by a right line and by the south side of Mill Road to the eastern boundary of part Lot 3, D.P. 57; thence southerly by the said eastern boundary to the east bank of Lyell Creek; thence continuing southerly generally by the said east bank to a point in line with the south boundary of Lot 1, D.P. 1504; thence westerly across Lyell Creek and by the said south boundary to the east side of Turners Road; thence south-easterly by the said east side to Ludstone Road; thence westerly generally across Turners Road and by the north side of Ludstone Road to the west side of Rorrison Road; thence southerly generally across Rorrison Road and by the eastern boundary of part Section 198, Kaikoura Suburban Registration District, to and across the South Island Main Trunk Railway; thence continuing southerly by the eastern boundaries of Sections 27, 28, and 29, Block X, Mount Eyffe Survey District, and their continuation to the south-eastern corner of part Lot 8, D.P. 726; thence southerly by the eastern boundary of Section 203, Kaikoura Suburban, to a public road; thence easterly generally by the north side of the said road (forming the south boundary of Lot 37, D.P. 1034) to the Picton–Christchurch State Highway; thence south-easterly across the said Highway to the northernmost corner of Section 9, Block XI, Mount Eyffe Survey District; thence south-easterly generally by the north-east boundary of Section 9 aforesaid, Section 1 of 267, Kaikoura Suburban, Lots 5, 4, and part Lot 3, D.P. 725, Lots 1 and 2, D.P. 1597, parts Lot 2 and parts Lot 1, D.P. 725, to the most eastern corner of part Lot 1 aforesaid; thence south-easterly by the north-east boundary of Section 274, Kaikoura Suburban Registration District, to and across a public road; thence northerly by the western boundary of the said section, and south-easterly by the north-eastern boundary of the said section and by the continuation of that line to the south-eastern side of Southampton Street; thence north-easterly generally by the north-western boundary of part Section 225, Kaikoura Suburban, and its continuation to the high-water mark of the sea; thence northerly generally by the high-water mark of the sea to the point of commencement.

Suburban Riding

All that area in the Land District of Marlborough bounded by a line commencing at the high-water mark of the sea opposite the south side of Mill Road; thence westerly, southerly, south-easterly, and north-easterly generally by the boundary of the town riding to the high-water mark of the sea on the continuation of the north-western boundary of part Section 225, Kaikoura Suburban; thence south-easterly, south-westerly, north-westerly, and westerly generally by the high-water mark of the sea to the centre line of the Kowhai River; thence north-westerly generally by the centre line of the said river to the southernmost corner of Run 128; thence north-westerly, north-easterly, and south-easterly by the boundaries of Run 128 to the northernmost corner of Run 125; thence south-easterly by the north-east boundary of Run 125 and easterly generally by the northern boundary of S.G.R. 101 and a right line to the centre line of the Hapuku River; thence south-easterly generally by the centre line of the said river to its junction with the high-water mark of the sea; thence south-westerly by the said high-water mark to the point of commencement.

Certified correct—

J. C. MEALE, Chief Surveyor.

The Sharebrokers Act 1908—Amendments to the Rules of the Stock Exchange Association of New Zealand

His Excellency the Governor-General in Council has been pleased to approve the following amendments to the rules of the Stock Exchange Association of New Zealand.

AMENDMENTS TO RULES

That Rule 2 be amended by adding thereto the following proviso:

“‘The President may in his discretion appoint or request his Exchange to appoint a member of such Exchange to act as a substitute delegate in his stead at any meeting of which he, the President, is Chairman, and such substitute delegate shall for the duration only of that meeting have the same rights of speaking and voting as if he had been appointed a delegate by the members of the Exchange. In the event of such appointment, the President shall exercise only his personal casting vote.’”

That Rule 23 be amended to read as follows:

“(23) Anything in these Rules to the contrary notwithstanding, an Executive shall be appointed at each Annual Meeting. Such Executive for the year next following each Annual Meeting shall consist of the President elected at such Annual Meeting and one member of each of the Metropolitan Exchanges.

In the event of any member so elected being unwilling or unable to act (as to which the Committee of the Association shall be the sole judge) the Metropolitan Exchange the member of which is so unwilling or unable to act shall appoint another of its members in the place of such first-mentioned member.”

That Rule 46 be amended by repealing the existing Rule 46 and substituting therefor the following Rule:

“46. (1) The rates of brokerage for the whole of the affiliated Exchange shall be:

BROKERAGE

(a) Bonds Debenture and Debenture Stock—

On New Zealand Government Stock and Debentures ½ per cent.
On Stock and Debentures of Other Government and Local Bodies ½ per cent.
On all other Stock and Debentures 1¼ per cent.
On Company Bonds (not secured Debentures) 1½ per cent.
(In the above cases only the brokerage shall be calculated on the nominal value, and if the date of maturity is within twelve months of the date of the sale, then the brokerage shall be one-half the above rates.)

(b) Shares and Stock (Listed)—

On all shares up to 6d. ¼d. per share.
On all shares over 6d. and up to 2s. ¼d. per share.
On all shares over 2s. and up to 5s. 1d. per share.
On all shares over 5s. and up to 11s. 2d. per share.
On all shares over 11s. 1½ per cent.
(The brokerage under this and subsequent sub-sections is calculated on actual sale price and not on nominal value.)

(c) Shares, Stock, Bonds, Debentures, and Debenture Stock (Unlisted)—

Listed brokerage rates plus 33⅓rd per cent.

(d) Syndicate Shares—

On Syndicate Shares 2½ per cent.

(e) Rights to New Issues.—The Executive shall be empowered to fix a rate of brokerage in respect of any particular issue or issues, but unless so fixed the rate shall be:

To Sellers: The brokerage shall be double the above rates on the sale price of the Rights.

To Buyers: The brokerage shall be at the rates as set out in subsections (a), (b), and (c) above on the purchase price of the rights plus the amount required to be paid to the Company to convert the rights into transferable shares.