11. The shares in the capital stock of the said Bank shall be liable to be seized and taken in execution and sold in like manner with other personal property; provided always, that the Sheriff or other officer executing such execution shall leave a copy of such execution, certified by the Sheriff or his deputy, with the Cashier of the said Bank, and the shares of the capital stock of the said Bank so liable to such execution shall be deemed to be seized in execution when such copy is so left, and the sale shall be made within thirty days after such seizure; and on production of a bill of sale from the Sheriff, the Cashier of the said Bank shall transfer the number of shares sold under such execution to the purchaser or purchasers thereof, and such transfer shall be valid and effectual notwithstanding there may be any debt due to the said Bank from the person or persons whose shares may be so seized and sold; provided also, that the said Cashier shall, upon the exhibiting to him of such certified copy of the execution, be bound to give to such Sheriff or other officer, a certificate of the number of shares in the said capital stock held by the judgment debtor named in such execution; and the shares of such judgment debtor in the said capital stock shall be bound by such execution only from the time when such copy of the execution shall be so left with the Cashier.

12. The Cashier of the said Bank shall semi-annually, that is to say, on the first Monday in January and the first Monday in July in each and every year, make a return in triplicate of the state of the said Bank as it existed at three of the clock in the afternoon of the said days respectively, and shall forthwith transmit the same to the Office of the Secretary of the Province; which return shall specify the amount due from the Bank, designating in distinct columns the several particulars included therein; and shall also specify the resources of the said Bank, designating in distinct columns the several particulars included therein; and the said return shall be made in the following form, viz:

State of

FORM OF RETURN.

Bank on the Monday of 18 3 o'clock P.M.

DUE FROM THE BANK.

Bills in circulation,

Net profits on hand,

Balance due to other Banks,

Cash deposited, including all sums whatever due from the Bank not bearing interest, its bills in circulation, profits, and balances due to other Banks excepted,

Cash deposited bearing interest,

Total amount due from the Bank,

RESOURCES OF THE BANK.

Gold, silver, and other coined metals in its banking house, Real estate,

Bills of other Banks incorporated in this Province,

Balance due from other Banks,

Amount of all debts due, including notes, bills of exchange, and all stock and funded debts of every description, excepting the balances due from other Banks,

Total amount of the resources of the Bank,

Date and amount of the last dividend and when declared, Amount of reserved profits at the time of declaring the last

dividend,

Amount of debts due and not paid, and considered

doubtful,

Which return shall be signed by the Cashier of said Bank, who shall make oath or affirmation before some Magistrate qualified to administer oaths, to the truth of the said return according to the best of his knowledge and belief; and the Cashier of the said Bank shall also make return under oath, whenever required by the Legislature, of the names of the stockholders, and the amount of stock owned by each; and a majority of the Directors of the said Bank shall certify and make oath or affirmation before the same Magistrate as the said Cashier, that the books of the said Bank indicate the state of facts so returned by their Cashier, and that they have full confidence in the truth of the return so made by him; and it shall be the duty of the Secretary of the Province annually to lay before each branch of the Legislature of this Province, as soon after the opening of any Session thereof as practicable, one of such respective returns as he may have received since the then last previous Session.

13. The Cashier or acting Cashier for the time being, shall on each and every discount day furnish a true list to the President or Chairman of the said Bank of all delinquent promisers, endorsers, and sureties, made up to three o'clock on the day preceding the discount day, which list shall be called a delinquent sheet; and it shall be the duty of the President or Chairman on each and every discount day as aforesaid, to read the name or names contained in such delinquent sheet to the Board of Directors; and in case the name of any Director shall appear on such delinquent sheet either as a promiser, endorser, or surety, it is hereby declared illegal for such Director to sit at the board, or take any part in the management of the affairs of the said Bank during the continuance of such delinquency.

14. In the event of any Director continuing a delinquent as aforesaid for ninety consecutive days at any one time, such continued delinquency shall disqualify such Director from holding his seat, and it shall be the duty of the President and other Directors forthwith to proceed in filling up the vacancy in like manner as in the case of death or absence from the Province.

15. No note or bill offered for discount at the said Bank shall be refused or excluded by a single vote.

16. The said hereinbefore recited Act of the sixtieth year of the Reign of King George the Third shall be and remain in force in all respects except as hereinbefore altered or amended, and shall further continue and be in force until the first day of May which will be in the year of our Lord one thousand eight hundred and sixty.

17. This Act and an Act made and passed in the sixth year of the Reign of King George the Fourth, intituled An Act to increase the Capital Stock of the Bank of New Brunswick, shall be and continue in force for and during the continuance of the said recited Act of the sixtieth year of the Reign of King George the Third, and no longer.

18. All and every the shares in the capital stock of the said Bank, whether original or additional stock, and all the profits and advantages of such shares respectively, shall be deemed and considered to be of the nature of and shall be personal estate, and be transmissible as such accordingly.

19. This Act shall not be in operation or in force until the first day of March next.

6th WILLIAM 4th-CHAPTER 58.

An Act to increase the Capital Stock of the Central Bank of New Brunswick, and to amend the Act incorporating

the same.

WHEREAS from the increase of business and trade in this Province, and from the present limited capital of the Central Bank of New Brunswick, it is found expedient to increase the said Capital Stock and to amend the Act of incorporation ;—

Be it therefore enacted, &c.-1. The capital or stock of the Central Bank of New Brunswick shall be increased by a sum not exceeding thirty five thousand pounds, making the said capital stock in the whole not exceeding the sum of fifty thousand pounds, which additional capital or stock shall be divided into one thousand four hundred shares of twenty five pounds each.

2. The said additional shares in the capital or stock of the said Bank shall be sold and disposed of by public auction to the highest bidder, in separate lots of four shares each, at the times and manner following, that is to say:-Such sum as the Directors for the time being shall appoint, not less than ten thousand pounds, making four hundred shares, on or before the fifteenth day of May next after the passing of this Act, and the remaining sum of twenty five thousand pounds, making one thousand shares, (if so much shall remain unsold) at such time or times as the said Directors for the time being shall appoint; provided that no such sale shall take place of a less sum than five thousand pounds at one time nor after the period of five years from the passing of this Act.

3. In case the Directors of the said Bank for the time being shall not deem it advisable or expedient to sell stock to the

full amount of thirty five thousand pounds as provided for by the second Section of this Act, then and in such case the amount actually sold at the expiration of the said term of five years from the time of the passing of this Act, in addition to the present capital of fifteen thousand pounds, shall be deemed and taken to be the capital stock of the said Bank.

4. The said Directors shall give at least fifty days notice of the time and place of any sale of stock under and by virtue of the provisions of this Act, and cause the same to be published as speedily as may be in four public Newspapers printed at Fredericton, Saint John, Saint Andrews, and Miramichi, in which notice shall be particularly specified the time when such stock, with the advance or premium thereon, will be required to be paid into the Bank.

5. The whole amount of such advance or premium, (if any there be) first deducting thereout the charges of such sale, shall be divided in equal proportions to and among all the shares in the capital or stock of the said Bank, as well the additional as the original shares, and such dividend of the said advance or premium shall be declared and paid by the said Directors immediately after the payment into the Bank of the purchase money of the said additional shares; and banking operations may take place upon each respective amount of such additional stock so called in when the Directors, or a majority of them, together with the Cashier of the said Bank, shall have signed and verified by oath, and filed in the Office of the Secretary of the Province, a certificate that such amount of capital stock at any time called in has actually been paid into the said Bank in current gold and silver coins of the Province, and not before.

6. In case of default of payment of any of the said shares, and the advance or premium at which they may have been sold, on the day or days when the same shall be notified to be paid as aforesaid, it shall and may be lawful for the Directors of the said Bank for the time being, forthwith to sell and dispose of the said shares in the payment of which default shall be so made, at their discretion, to the best advantage, and any advance or premium thereon shall be divided in the manner hereinbefore mentioned.

7. Whenever any question shall require to be decided by