8.—15b

6

Upon the day so appointed the Commissioner shall hear, peruse, and consider any evidence, whether verbal or documentary, which the mortgagee may adduce in support of his objection; and the Commissioner, after taking such further evidence of value as he may require, shall thereupon decide what, in his opinion, is the actual value of the mortgage or mortgages under consideration, and shall notify the mortgagee accordingly. Any such inquiry or hearing may be adjourned from time to time or from place to place, as the Commissoner may determine. Alex. Willis, Clerk of the Executive Council. Approximate Cost ef Paper.— Preparation, nil; printing (1,250 copies), £3 125.

Authority: Samuel Costall, Government Printer, Wellington.—lB93.

Price 6d.]