An Act to amend 9 Edward VII., Chapter 2, entitled "An Act to Incorporate the Newfoundland Board of Trade and for other purposes."

SECTION

1. Respecting the appointment of Committees of Arbitration and Appeal.

BE it entite the

[PASSED 22ND MARCH, 1910.]

SECTION

2. Effect of final award of such
Committees.

E it enacted by the Governor, the Legislative Council Enacting clause. and the House of Assembly, in Legislative Session

convened, as follows:

1. The Board shall have power to constitute an appoint Respecting the Committees of Arbitration, and, so soon as it shall appear Committees of appointment of necessary, Committees of Appeals, for the settlement of such matters in difference as may be voluntarily submitted for

Arbitration and
Appeals.

Effect of final award of such Committees.

arbitration by members of the Board or other persons not members thereof, and the decision or award of any such Committee shall be final and binding upon the parties to the submission. The said Committee shall be governed by such rules, regulations and bye-laws as may be prescribed by the Board. The said Committee shall have power to examine witnesses upon oath, which the Chairman for the time being of any such Committee, sitting as arbitrators, shall have power to administer.

2. When any such submission shall have been made in writing, and a final award shall have been rendered, upon the filing of such submission and award in the Registry of the Supreme Court, the said award shall have the force and effect of a judgment of the Supreme Court, and execution may issue thereupon in like manner, and with the same force and effect as an execution upon a judgment of the said Court

Preamble.

CAP. II.

An Act Respecting the Fishermen's and Sailors' Home Joint
Stock Company, Limited.

SECTION

1. Power to certain persons to sell
property of Company,

W

[PASSED 22ND MARCH, 1910.]

SECTION

2. Power to give valid title to certain property.

3. Disposition of purchase money.

HEREAS the Fishermen's and Sailors' Home Joint Stock Company, Limited, was in the year one thousand eight hundred and eighty-four incorporated under "The Companies Incorporation Act, 1873," for the purposes of establishing and conducting a Fishermen's and Sailors' Home

in the town of St. John's, and for such purposes acquired chattels, real and other property with moneys, the voluntary subscription of members of the Company, bequests of deceased persons, and money granted by the Government of Newfoundland.

And whereas the said Company being unable effectively to carry out its aims and objects, and being unable to discharge its liabilities, it is necessary to dispose of its property, and the surviving members of the said Company have resolved to realize its property, and out of the moneys realized to pay its liabilities and hand over the net residue (if any) to The Royal National Mission to Deep Sea Fishermen or such other person or corporation which shall undertake to inaugurate and does inaugurate in St. John's aforesaid an institution to effectuate the like aims and objects as that of the said Company.

And whereas doubts have arisen as to the authority of the surviving members to sell the property of the said Company, and to give a valid title to the purchaser or purchasers of the said property.

And whereas Honorable Edgar R. Bowring, Honorable John B. Ayre, Honorable John Harvey, and Honorable William C. Job, representing the surviving members of the said Company, are about to dispose of the assets of the Company for the purposes aforesaid.

Be it therefore enacted by the Governor, the Legislative Enacting clause. Council and House of Assembly, in Legislative Session convened, as follows:

persons to sell

1. It shall be lawful for the said Honorable Edgar R. Power to certain Bowring, Honorable John B. Ayre, Honorable John Harvey property of and Honorable William C. Job, or any two or more of them, Company. to sell the property and assets of the said Company subject to the rights of any mortgagees, lessees, or other incumbrancers.

Power to give

valid title to certain property.

Disposition of

2. Subject as in the last preceding section the said Honourable Edgar R. Bowring, Honorable John B. Ayre, Honorable John Harvey and Honorable William C. Job, or any two or more of them, under the hands and seals of them, or any two or more of them, shall have full power and absolute authority to convey and give valid freehold title to a purchaser or purchasers of the land and erections or any of them situate on the South side of Duckworth street in St. John's, and on the West side of Mahon's lane, the said lands being intersected by Buckley's lane, and were conveyed by Richard Shaw Wood and others to the said Company by deed dated fifteenth day of December, 1899.

3. The said Honorable Edgar R Bowring, Honorable purchase money. John B. Ayre, Honorable John Harvey and Honorable Wm. C. Job shall hold the money realized from the sale of the said freehold property and from the sale of any other assets of the said Company in trust, to first pay all debts of the said Company or debts of them in connection with the said realization, and pay over the net balance (if any) to the Royal National Mission to Deep Sea Fishermen for the purpose of their Fishermen's and Sailors' Home in St. John's or to such other persons or corporation that shall in the discretion of the said Honorable Edgar R. Bowring, Honorable John B Ayre, Honorable John Harvey and Honorable Wm C. Job, or the majority of them present in St. John's, be competent to carry out the like objects and aims as undertaken by the said Fishermen's and Sailors' Home Joint Stock Company, Limited.