1.—6

LXVI

President and General Manager. Paragraph 1. Agreed to. Hon. Mr. McKenzie moved, to strike out the words, " office of President should be abolished," in the 2nd paragraph. On the question being put that the words proposed to be struck out be retained, a division was called for, and the names were taken down as follow :— Ayes, 6.—Mr. Graham, Mr. Maslin, Mr. Montgomery, Hon. Mr. Seddon, Hon. Major Steward, Mr. Tanner. Noes, 3. —Mr. Guinness, Mr. Hutchison, Mr. McKenzie. So it was resolved in the affirmative. Mr. Montgomery moved, To insert the words, "amount of compensation to be paid the present holder to be determined by arbitration." On the question being put, a division was called for, and the names were taken down as follow:— Ayes, 2.—Mr. Montgomery, Mr. Tanner. Noes, 7. —Mr. Graham, Mr. Guinness, Mr. G. Hutchison, Mr. Maslin, Hon. Mr. J. McKenzie, Hon. Mr. Seddon, Hon. Major Steward. So it passed in the negative. Hon. Mr. J. McKenzie moved to amend the paragraph as follows : To strike out the word " seven" and insert the word " nine," and strike out the word " three" and insert the word " four," and "one to be elected by the House of Representatives and one by the Legislative Council." On the question being put, That the word " seven" be retained, a division was called for, and the names were taken down as follow:— Ayes, 4.—Mr. Maslin, Mr. Montgomery, Hon. Major Steward, Mr. Tanner. Noes, 5. —Mr. Graham, Mr. Guinness, Mr. G. Hutchison, Hon. Mr. J. McKenzie, Hon. Mr. Seddon. So it passed in the negative. Hon. Mr. McKenzie moved, That the word " nine" be inserted, and on the question being put, a division was called for, and the names were taken down as follow: — Ayes, 4.—Mr. Graham, Mr. Guinness, Hon. Mr. J. McKenzie, Hon. Mr. Seddon. Noes, s.—Mr. G. Hutchison, Mr. Maslin, Mr. Montgomery, Hon. Major Steward, Mr. Tanner. So it passed in the negative. Resolved, on the motion of the Hon. Mr. McKenzie, That the word " eight " be inserted in lieu of " seven." Resolved, on the motion of the Hon. Major Steward, To strike out the words "the" and " now " before and after the word " three." Resolved, on the motion of the Hon. Mr. McKenzie, to strike out the words "in addition to the present Government representatives," and insert "one to be elected by the House of Representatives and one by the Legislative Council." Paragraph as amended agreed to. Paragraph recommitted. Resolved, on the motion of Hon. Mr. Seddon, To add at the end the words, " That as far as practicable the chief commercial centres of the colony should be represented on the board of directors." Balance-sheets. Moved by Mr. Montgomery, To omit the words after the word "show" to the end of the sentence, and insert the words " true position of the affairs." After discussion, leave was given Mr. Montgomery to withdraw his motion. Moved by Mr. Montgomery, To omit the first sentence. And the question being put, that the paragraph as printed be retained, a division was called for and the names were taken down as follow :— Ayes, 7 : Mr. Graham, Mr. Guinness, Mr. McGowan, Hon. Mr. McKenzie, Hon. Mr. Seddon, Hon. Major Steward, Mr. Tanner. Noes, 3 : Mr. Hutchison, Mr. Maslin, Mr. Montgomery. So it was resolved in the affirmative. Paragraph retained. Resolved, on the motion of the Hon. Mr. Seddon, To strike out the word "from," in the first line, and also " it has been," and insert " have," in line 1, and, in line 4, strike out " to compel," and insert the words "to provide for," and strike out the words "to state " and the word " showing." Agreement with Bank Officials. Hon. Mr. McKenzie moved to strike out the words, " arrangements being made that he should not be prejudiced thereby," at the end of the paragraph. And the question being put, " That the words proposed to be retained be retained," a division was called for, and the names were taken down as follow : — Ayes, 2.—Mr. Guinness, Mr. Montgomery. Noes, B.—Mr. Graham, Mr. Hutchison, Mr. Maslin, Mr. McGowan, Hon. Mr. McKenzie, Hon. Mr. Seddon, Hon. Major Steward, Mr. Tanner. So it passed in the negative. Words struck out. '