REGULATIONS.

New Zealand Gazette and Wellington Spectator, Volume I, Issue 17, 1 August 1840, Page 4

REGULATIONS.

1. — The Capital of the Company to consist ,of £50.000, in 2.,)00 Shares vt £20 each. 2. — One pound per share to be paid previous to the election of Directors, ot which a week's public notice will be given ; and £ 1 additional at the expiration of each month from that period, until £5 has been paid up.

3. — Further calls to be made at the discretion of the Directors ; and three months' previous notice ol each call to be given m the ■" New Zealand Gazette." — No person to be allowed to subscribe for more than 50 Shares.

.5. — The Officers of the Company to consist of nine Directors and a Cashier, with such assistance as the Directors may deem necessary. 6. — The Directors t» be elected for one year, by the Shareholders ; at the expiration of that period, one third of the number, to be determined by lot, shall retire, and their place be filled by iresh election, — the retiring Directors to be capable of re-election. 7. — The Cashier to be appointed by the Directors, and removable at their pleasure.

8. — Qualification of Directors to be 15 Shares.

9. — In all meetings of Shareholders, Proprietors to have one vote for every 5 Shares. 10. — No Bill to be discounted except under the sanction of three of the Directors ; nor if objected to by one of three of the Directors present. 11. — Meetings to be held half-yearly, for the purpose of declaring Dividends, &c.

12. — A statement of the affairs of the Dank to be laid before the Shareholders at each such half-yearly meeting, and afterwards published' in the " New Zealand Gazette."

A Deed of Settlement, to be signed by all the Shareholders, embodying these and all other necessary regulations, will be prepared as speedily as possible.

PROPOSITIONS at. the MEETING. 1 . — That the Prospectus now read be adopted and printed. 2. — That Captain Ed.yard Daniell aud Messrs. Partridge, Watt, Millar, and Pierce, do form a Provisional Conmitfee to carry i» into effect.