The Short Title of this Act shall be “The Crown Bonds and Securities Act 1869.”

Wherever by any Act of the Imperial Parliament or of the General Assembly or by any Ordinance other than a Provincial Ordinance in force in New Zealand whether made before or after the passing of this Act any person whether a public officer or servant or not is required to give security to the Crown for any purpose whatever by bond it shall be lawful for the Governor Minister Commissioner or other officer whose duty it is to approve of the security tendered to accept in lieu of or in addition to any bond or bonds the guarantee bond or policy of any Company Society or Association approved by him established and carrying on business in any part of the British Dominions.

Wherever any person has already given any such security as is by this Act authorized the security so given shall be to all intents and purposes as good and sufficient as if this Act had been passed before the giving thereof.

Nothing in this Act shall apply to any bond recognizance or security which by the law for the time being in force in New Zealand is or shall be required from any plaintiff defendant petitioner complainant executor administrator curator receiver guardian or other person in the course of any proceedings in any Court of Justice in the Colony.

In this Act the term “Act of the General Assembly” shall not be taken to include any Ordinance of a Provincial Council validated or re-enacted by the General Assembly.