BANK OF NEW ZEALAND.

Wellington Independent, Volume XXV, Issue 3041, 3 September 1870, Page 10

BANK OF NEW ZEALAND.

<*> The resolutions as passed by tho mooting, with Captain Duldy's amendments incorporated, are as follow : — 1. That in order to make provision for tho constantly increasing business of the bank, additional capital be raised by the creation and sale ot new Bhares. 2. That fifty thousand additional shares of ten pounds each be nowr created. 3. That ten thousand of the said additional shares be forthwith allotted to the existing shareholders, in proportion to the shares respectively held by them, that is to say, for every fire shares held by any shareholder, one additional share shall bo allotted, but no allotment shall be made for any less number than five shares. 4. That tho price to be paid for each of such ten thousand Shares be the sum of thirteen pounds, and that payment for tho same be made on or before the first day of October, one thousand oight hundred and seventy. 5. That the remaining forty thousand of such additional shares be from time to timo allotted and sold, as hereinafter provided, at such timo as the directors may think fit and direct. Provided that, unless otherwise ordered by an ordinary general meeting, not more than ten thousand shares be allotted in any one year, and that twelve calendar months at least shall elapse between any two allotments. 6. That, except as hereinafter provided, such forty thousand shares shall be allotted from timo to time, to tho then existing shareholders in proportion to tho shares respectively held by them as nearly as conveniently may bo. Provided that tho Directors may, if they deem it desirable for extending tho connections of the bank, sell and disposo of ten thousand shares out of the said forty thousand shares, by public tender or by privato contract. 7. That in respect of snch of the said forty thousand shares as may be allotted and sold to shareholders or, by private contract, tho directors shall, subject to the tenth of these resolutions, from timo to time fix such premium as they think fit ; and, in respect of shares to bo sold by public tender, they shall, subject to the tenth resolution fix a minimum, below which such shares ahull not be sold. 8. That tho payment of the price of the said forty thousand 9hares ahull bo made when the transfer or issue of the same shall be snado to tho purchaser of such shares. 9. That such of the said fifty thousand shares as shall not bo disposed of under tho foregoing resolutions, may be sold by tho directors, in suoh manner, as they think fit, on accouut of the bank. 10. That none of the said fifty thousand shares to heissued under the authority of these resolutions shall (unless otherwise ordered by an ordinary general meeting) bo sold for a less sum than thirteen pounds each. 11. That tho directors have power to allow interest after the rate of six pounds per centum per annum upon all payments made in advance upon the sale of any of the said shaves. Interesting Rklics. — A gentleman at Clyde has become possessor of a few Maori relics, recently found in a hole ov cavern in a gully called Indian Gully, which lies on the west bank of tho Clutha, about half way between Clyde and Cromwell. These consist of a mat of about fivo feet in width, but of which only two feet of the length have been made, the ends of the unplaited flax still hanging fringo like, as if tho Maori who wns making it had to leave it unfinished ; a quantity of dressed fl ix in honks, ready for use, and coloured white, red, and black ; a short hank of twine made from flax ; and a few chert stones. Also, a tremendous eel-pot, made of narrowbands of flax. These aro all, considering the timo they have lain — probably 50 or 60 years — ■ in a fair state of preservation. On tho white flax, small pieces of the j'ellow skin left by caveleas dressing, can bo easily seen hero and there. Something like tho dye which has been used is observed covering the floor of the cavern. It is tho intention of tho possessor of these relics to visit tho spot and examine it carefuliy. Probably the Maoris were in hasto to take to this hole, scared by tho approach of tho North Island natives who made a raid on this Island some half century ago. Deskhtrhb. — Tho following notice ha 9 been j issued from the Colonial Secretary's office :— The Lords Commissioners of the Admiralty have notified that Mr C. 0. Stuart, Acting Sub-Lieu-tenant, and Mr H. E. Thompson, Midshipman, have desertod from H.M. Ship Nympho, at Bombay, and are supposed to be in some part of the Australian Colonies or New Zealand ; and at tho request of their Lordshipß, all persons are warned against harboring, concealing, or employing the above-named persons.