9 JUNE

THE NEW ZEALAND GAZETTE

Appointment of High Commissioner for New Zealand in India

H. E. BARROWCLOUGH,
Administrator of the Government

To GUY RICHARDSON POWLES, ESQUIRE, C.M.G., of Wellington,
New Zealand:

PURSUANT to the External Affairs Act 1943, I, Major-General
the Right Honourable Sir Harold Eric Barrowclough, the
Administrator of the Government of New Zealand, acting by
and with the advice and consent of the Executive Council,
hereby appoint you to be the High Commissioner for New
Zealand in India, to hold office for the term commencing on
the 2nd day of July 1960 and ending with the 1st day of
July 1962, subject, however, to the provisions of the said
Act.

Given under the hand of His Excellency the Administrator
of the Government, and issued under the Seal of New
Zealand, this 1st day of June 1960.

C. F. SKINNER, for the Minister of External Affairs.

Approved in Council—
T. J. SHERRARD, Clerk of the Executive Council.

Exempting Land in Block X, Mapara Survey District (Benney-
dale), from the Operation of Part III of the Coal Mines
Act 1925

H. E. BARROWCLOUGH,
Administrator of the Government

PURSUANT to the Coal Mines Act 1925, His Excellency the
Administrator of the Government hereby gives the following
notice:

NOTICE
THE land described in the Schedule hereto is hereby exempted
from the operation of Part III of the Coal Mines Act 1925.

SCHEDULE
ALL that parcel of land containing 2 roods 32 perches, more
or less, being Lot 9, Deposited Plan 8484, being part of Section
14, Block X, Mapara Survey District, and being part of
the land in certificate of title, Volume 248, folio 25 (Taranaki
Registry).

As witness the hand of His Excellency the Administrator
of the Government this 31st day of May 1960.

F. HACKETT, Minister of Mines.
(Mines 15/27/32)

The Stock Exchange Association of New Zealand

RULES
INTERPRETATION
In these rules:
The marginal notes shall not affect the construction hereof.
Words importing the singular number include the plural
number also, and vice versa.
Words importing persons include firms and corporations.
Words importing the masculine gender only shall include
the feminine gender.
“Association” means the Stock Exchange Association of
New Zealand.
“Committee” means the committee of the Association
except where a contrary intention appears.
“Exchange” means a stock exchange registered under the
Sharebrokers’ Act 1908 which is a member of the
Association.
“Executive” means the Executive Committee of the
Association.
“Local Committee” means the committee of an exchange.
“Member” means a member of an exchange and includes
a country member, except where a contrary intention
appears. For purposes of rules 13, 14, and 23 the
executor, administrator, or trustee of a deceased member
while his estate continues to pay a subscription
to the exchange of which the deceased member was a
member shall be deemed to be a member of that
exchange.
“Month” means calendar month.
“Secretary” means the secretary of the Association or the
person for the time being carrying out the duties of
the secretary.
“Share” or “shares” shall include stock and vice versa.
“Written” or “in writing” includes printing, lithography,
typewriting, and other methods of representing or
reproducing words in a visible form.

PART I
NAME

1. The name of the Association is the Stock Exchange
   Association of New Zealand.

OBJECTS
2. Generally to promote the interests of members and the
interests of the public transacting stock-broking business with
members and more particularly to promote uniformity in
stock broking, underwriting, and company-flotation transactions and to provide a governing authority to regulate the
dealings of stock exchanges one with another and of members
one with another and the dealings of exchanges and their
members with the public and to function in any manner necessary to carry out such object or objects incidental thereto.

OFFICE
3. The Head Office of the Association shall be at Wellington.

MEMBERSHIP
4. Conditions of Membership—Application for membership
of the Association shall be open to any stock exchange in
New Zealand which complies with the following conditions:
(i) That the number of members of the stock exchange
is not less than seven members;
(ii) That the quorum for a call as fixed by its rules is not
less than four members present;
(iii) That not less than one official call is held by the
stock exchange on each day other than Saturdays,
Sundays, and holidays;
(iv) That quotation sheets recording quotations on the
stock exchange are kept and published by the
exchange;
(v) That complete records are kept by the stock exchange
of all calls held and sales made at such calls.
A country member shall not be counted as a member for
purposes of this rule.
5. Classes of Membership—There shall be two classes of
members, namely:
(i) Metropolitan members. Comprising the Auckland,
Wellington, Christchurch, and Dunedin Stock
Exchanges and such other stock exchanges as may
from time to time be admitted to such membership
by the committee.
(ii) Provincial members. Comprising the Invercargill
Stock Exchange and such other stock exchanges as
may from time to time be admitted to such membership by the committee.
6. Applications for Membership and for Change of Class—
Application by a stock exchange for membership or application
by an exchange for a change of membership from one class
to another shall be by notice in writing to the secretary
and in the case of an application for a change of membership
from one class to another, the notice shall specify the grounds
upon which such application is made.
7. Dealing With Such Applications—An application for membership or for change of membership from one class to
another shall be considered at the next annual meeting of the
committee following the receipt of such application unless
the executive otherwise decides, in which case the secretary
shall give 14 days' notice in writing of the holding of the
special meeting to consider such application. The committee
may without any application in that behalf transfer any
exchange from one class of membership to the other.
8. Change of Class—No application for membership or for
change of membership from one class to another shall be
granted nor shall any transfer from one class to another be
effected unless such application or transfer is approved by a
majority of not less than three-fourths of the number of
votes cast, provided that if such application or transfer is
opposed by the delegate or proxy of only one exchange then
in such case but not otherwise the application or transfer may
be approved by a bare majority of the votes cast.
9. Exchange Ceasing to Comply With Conditions of Membership—If the membership of any exchange shall cease to
comply with any of the conditions stipulated in rule 4 hereof
then in any such case the committee may cause notice in
writing to be given to the exchange specifying the matter or
matters in respect of which it is alleged that such exchange
has ceased to comply with foregoing requirements and specifying the date, place, and time at which the committee will further consider the matter. On the date and at the time and
place last mentioned, the committee shall further consider such
matter and shall hear any evidence or representations on behalf
of the exchange concerned and then, if satisfied that the
exchange in question has ceased to comply with any one of
the foregoing requirements, the committee may thereupon
terminate the membership of such exchange.
10. Termination of Membership—No exchange shall be at
liberty to withdraw from the Association unless it shall have
given not less than six clear months' written notice of such
intention to resign, and shall have paid all moneys whatsoever
due to the Association, and then only if, at the expiration of
such notice, there be no matters in dispute between any of
the members of such exchange or between such exchange and
any other exchange.