INSCRIBED STOCK.

Hokitika Guardian, 30 July 1924, Page 1

INSCRIBED STOCK.

A ti. etit • Gazette’’ notices pruvides that a holder of New Zealand Stock tr.iiisfeiTiihle in the hooks of the Batik of England may make upplicutiim in writing himself, or hy his duly constituted attorney, to that hank for permission to transfer his stock to the stock transition account for the purpose of having tin equal stun of like stock written into his name in stock registers which shall he kept hy the Registrar of N’eiv Zealand Inscribed Stock in the Treasury. Wellington, in the same form as prescribed under the New Zealand Inscribed Steel; Act. BBT.

Thereupon, stud oil the applicant transferring the stock to which the application relate:; to the stock transition account, the Hank of England tiill issue to the applicant a certificate, and forward hy next available post to the Registrar of Imrribed Stock, the Treasury, 'Wellington. New Zealand, the duplicate of such certificate. Notice of the transfer will he'communicated by the linn!; to the High Commissioner for New Zealand in London. (In receipt l.y the Registrar of the said certificate and duplicate, the stock will ho inscribed in the stock registers to he kept for the purpose in tile Treasury, Wellington, as from date of transfer to the stock transition account, ami all transactions relating to such s4tick shall thereinafter he made in Wellington. In ea-e of Cue loss or destruction of the ccrtilicate the Rank of England, on proof of the same to its satisfaction, may grant, a duplicate thereof, which ■hall stand in the place of the original, it the original has not been previously ai led on. Inti on tender of Mich a duplicate the Treasury at Wellington may demand and take from the person tendering it .stieli indemnity as the Treasury m iy deem lit against the production of or any claim under the original. The transfer of the stock transition account shall he deelttetl to take eifeet as at half-yearly due date up to which interest lias been paid hy the Rank ol Kliglalid as ipioted in the certificate isstted to the applicant. No dealings whatever shall be made in the stock while in the stock transition aeeotint. and no dividends paid thereon hy the i!;>nl; of Kugland. t pint receipt of advice imm tli - Treasury. Wellington, the stock shall he removed from the London registers tiually. All the conditions relating to the rates oi interest and eurrem .' ol unit slock at the lime of its original inscription shall coiilititle in force excepting as regards the place for payment of interest and redemption. lint alter in-croption iu the New Zealand registers the mode of transfer and proerilure generally shall In' the same as that in practice at lit" Treasury. Wellington. The fees chargeable shall Ilf if. follows: Fur transfer of stock to the Wellington registers from l.uudou. tor everv CICIt or I faction thereof (lace value), 2 s (id. When any stock irnnsferraldo in the hooks of the Bank of England lias been transferred from the Loudon registers to tlie stuck registers to ho kept for the purpose in the Treasury. Wellington, in aeeordanee with these regulations, the same shall remain inscribed iu the stork registers of the Treasury. \\ ollington. until rodeceiued. and retransfer to London shall on no account- be permitted. Applications for transfer of stock 1 in terms of the foregoing rogulatiwiis shall not lie accepted from persons who are not. or are not about to be. domiciled in New Zealand.