364
THE NEW ZEALAND GAZETTE.

called or known by the name of Rakaiketeroa.
Bounded on the North by survey lines separating
this block from Waihora; on the East by the Wai-
paoa River; on the West by the Waipaoa River; on
the South by the Waipaoa River.

FORSTER GORING,
Clerk of the Executive Council.

Regulations for the Management of Penny Savings
Banks.

JAMES PRENDERGAST,
Administrator of the Government.

ORDER IN COUNCIL.

At the Government House, at Wellington, this
eighteenth day of March, 1879.

Present:

HIS EXCELLENCY THE ADMINISTRATOR OF THE GO-
VERNMENT IN COUNCIL.

BY virtue of the powers and authorities vested in
me by "The Education Act, 1877," I, James
Prendergast, Esquire, the Administrator of the Go-
vernment of the Colony of New Zealand, by and
with the advice and consent of the Executive Council
of the said colony, do hereby make the following
regulations for the management of Penny Savings
Banks established for the use of children attending
public schools, that is to say,—

1. The Penny Bank shall be under the manage-
   ment of a trustee, a treasurer, and at least one other
   person, all of whom shall be appointed by the School
   Committee, and who are hereinafter termed the
   "managers." In all cases the headmaster, or (with
   the consent of the headmaster) one of the other
   teachers of the school, shall be one of the managers.
   But no Penny Bank shall be opened until the
   treasurer has furnished, to the satisfaction of the
   School Committee and the Education Board, security
   for his intromissions as treasurer, of such amount as
   shall be fixed by the Committee with the express
   approval of the Board, and no treasurer shall there-
   after take office until he shall have furnished ap-
   proved security as herein provided.

2. The deposits of the Penny Bank, excepting a
   balance not exceeding twenty shillings, shall be in-
   vested on the day of, or the day after, receipt, in an
   account to be opened in the nearest Post Office
   Savings Bank in the names of the trustee and
   treasurer of the School Penny Bank.

3. The Penny Bank shall be open for the receipt
   and repayment of deposits on the days and during
   the hours to be fixed by the School Committee, when
   not less than two of the managers shall attend, one
   to enter the transactions in the depositors' books,
   and the other to receive the deposits, to make repay-
   ments, and to enter the transactions in the journal;
   or, if two managers cannot attend, one of the
   depositors who may be qualified shall be appointed
   to act along with the manager in attendance. The
   depositors qualified for the duty may be appointed in
   turn by the Managers to make the entries in the pass-
   books, and to post the entries from the journal into
   the ledger; but the money must be received and the
   transactions entered in the journal by the treasurer,
   trustee, or other manager.

4. Deposits of one penny and upwards may be
   received.

5. Every depositor shall be supplied, on making
   his first deposit, with a deposit-book free of charge,
   in which the depositor's name, and the number of
   the space in which the account will appear in the
   ledger, shall be written. The deposit will then be
   entered and the entry initialled by the officer ap-
   pointed to the duty.

6. The deposit-book must be presented every time
   that money is deposited or withdrawn.

7. Depositors may withdraw all or any portion of
   their deposits on giving one week's notice any bank
   day, and leaving their deposit-book with the managers
   in attendance.

8. No depositor shall be allowed to have more
   than £5 in the bank at one time; and when his
   deposits amount to £2 he shall be recommended to
   open a separate account in his own name in the Post
   Office Savings Bank. A depositor may, if he desires
   to do so, open an account in his own name in the
   Post Office Savings Bank when his deposits amount
   to five shillings.

9. If a depositor loses his book he shall give im-
   mediate notice of the loss to the treasurer, and, if
   it should not afterwards be found, a new book shall
   be supplied at a charge of one penny.

10. At the close of the Savings Bank business the
    totals of the receipts and payments shall be entered
    in the journal, and the cash balanced, as shown in the
    specimen account given in the journal itself. The
    balance shall be witnessed by the two managers, or
    by the manager and the depositor, in attendance.

11. In the ledger a separate account shall be
    opened for each depositor, showing the number of
    the deposit-book issued to him and his name. The
    deposits and withdrawals shall be posted from the
    journal into the ledger when the transactions take
    place, or soon afterwards.

12. When a depositor's book has been filled up a
    new book shall be issued to him free of charge; and
    when the space allotted to an account in the ledger is
    filled up the account shall be closed, and the balance
    transferred to a new space in the ledger, and to a
    new deposit-book bearing a corresponding number.
    (The instructions in the journal show how such a
    transfer is to be accounted for.)

13. A monthly return of the number and amount
    of deposits, the number and amount of withdrawals,
    the number of accounts opened and closed, and the
    number of accounts remaining open, shall be fur-
    nished at the close of every month to the School
    Committee of the district.

14. The ledger shall be balanced to the 30th June
    and to the 31st December in each year, and on the
    31st December the interest allowed (if any), together
    with the balance at the credit of each account, shall
    be inserted in the ledger, and the balance brought
    forward as shown in the directions for balancing the
    ledger; and these entries shall be initialled by the
    officer who makes them.

15. A copy of the general account of the Penny
    Bank for the year ending 31st December, together
    with the balance-sheet and profit and loss account,
    audited by the same person and in the same manner
    provided for the auditing of School Committees'
    accounts by Order in Council, 23rd January, 1878,
    shall be forwarded to the School Committee, and also
    to the Education Board of the district, in the follow-
    ing month of January.

16. The summary, or list of accounts prepared for
    the purpose of proving the ledger in accordance with
    the instructions given in the ledger, shall be open to
    the inspection of depositors at any time, for the
    purpose of enabling them to satisfy themselves that
    their deposits have been properly accounted for.

17. All the depositors' books shall be compared by
    one of the managers with the ledger and ledger
    summary after the annual balance has been com-
    pleted, when the interest allowed (if any), and the
    balance, shall be copied from the ledger into each
    depositor's book. These entries in the depositor's
    book must be initialled by the manager who makes
    them.