WHEREAS the Dominion Life Assurance Office of New Zealand, Limited, is a company duly incorporated with limited liability in New South Wales under the law of that State, having an authorized capital of one million dollars divided into sixty-two thousand five hundred preference shares of one dollar each and nine hundred and thirty-seven thousand five hundred ordinary shares of one dollar each, whereof thirty-eight thousand five hundred and fifty preference shares and two hundred and eleven thousand four hundred and fifty ordinary shares have been subscribed: And whereas all the directors and all the shareholders of the said company are domiciled within New Zealand: And whereas the business of the company is entirely carried on within this Dominion, and has never been carried on elsewhere: And whereas it is expedient that the company should be made subject to the provisions of the New Zealand Companies Act 1908, as if it had been incorporated with limited liability thereunder:
The expressions “one million dollars”
and “one dollar”
was substituted, as from 10 July 1967, for the expressions “five hundred thousand pounds”
and “ten shillings”
pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).