340
THE NEW ZEALAND GAZETTE.
[No. 11

half of 47, Block VII.; Sections 21, 22, 23, 25, Block X.;
Sections 1, 2, 3, 9, Block IX.; that portion of Section 6,
Block IX., situated in the Eketahuna Road District, con-
taining about 90 acres; and that portion of Section 8 of
Block IX. situated in the Eketahuna Road District, contain-
ing about 144 acres, all in the Survey District of Tararua.
Such rate shall be an annually-recurring rate, and shall be
paid in two half-yearly instalments, on the 1st day of Febru-
ary and the 1st day of August in each year until the debt
is liquidated.

I certify that the above special order has been duly made.
R. P. GREVILLE,
Clerk of the Eketahuna Road Board.

Regulations under "The Bank of New Zealand Share
Guarantee Act, 1894," as to Duties and Powers of Auditors.

The Treasury,
Wellington, 19th February, 1896.

WHEREAS by "The Bank of New Zealand Share
Guarantee Act, 1894" (hereinafter called "the said
Act"), it is enacted that, in lieu of the Auditors provided to
be appointed under the deed of settlement of the Bank of New
Zealand, the Governor, by Order in Council, may appoint
some fitting person (hereinafter called "the Colonial Audi-
tor") to act as Auditor in respect of the business of the bank
in the Australasian Colonies, or in whatever place or places
out of the United Kingdom the bank may carry on business:
And whereas by the said Act it is further enacted that the
Agent-General of New Zealand in London shall in like
manner appoint an Auditor (hereinafter called "the London
Auditor") in respect of the business of the bank within the
United Kingdom: And whereas by the said Act it is further
enacted that the Colonial Treasurer may from time to time
make, alter, or revoke regulations for the purpose of defining
the duties and powers of the said Auditors: Now, therefore,
I, Joseph George Ward, the Colonial Treasurer of the Colony
of New Zealand, in exercise of the power conferred upon me
by the said Act and of all other powers and authorities me
enabling in this behalf, do hereby for the purposes aforesaid
make the following regulations, that is to say:—

I. GENERAL.

1. (1.) In respect of the business and affairs of the bank
   outside the United Kingdom, the Colonial Auditor, and in
   respect of such business and affairs within the United King-
   dom, the London Auditor, shall at all times scrutinise such
   business and affairs, and shall audit and certify to the cor-
   rectness or otherwise of the accounts of the bank, and of all
   reports and balance-sheets of the bank, and for those pur-
   poses shall have all the powers, functions, and duties usually
   devolving on auditors, and, in addition thereto, the powers,
   functions, and duties hereinafter mentioned.

(2.) All salaries and other expenses paid by the bank in
connection with the audit of its accounts, business, and
affairs shall be charged to a separate account, called the
"Audit Expenses Account."

II. AS TO THE COLONIAL AUDITOR.

2. The Colonial Auditor shall at all times have full and
   free access to all officers, offices, safes, premises, cash,
   securities, funds, books, records, vouchers, correspondence,
   reports, returns, balance-sheets, documents, and other
   matters and things relating to the ordinary business and
   affairs of the bank.

3. He shall also have the right at all times to apply to any
   officer for all such information, certificates, or returns as he
   requires concerning any matter relating to the business or
   affairs of the bank. And it shall be incumbent on such
   officer to fully and faithfully supply the same in so far as
   lies in his power.

4. With the consent of the President, he shall also have
   the right at any time to require any branch or agency,
   or the accounts of any officer of the bank, to be inspected
   and reported on to him by the inspecting staff of the
   bank. If such consent is delayed or refused, the Colonial
   Auditor shall forthwith report the fact to the Colonial Treas-
   urer.

5. Whenever requested by the President or the Board of
   Directors of the bank so to do he shall attend and be present
   at any ordinary meeting of the Board of Directors, without,
   however, taking any part in the proceedings otherwise than
   by replying to any question or advising upon any matter
   submitted to him for that purpose by the directors.

6. He shall at all times have full and free access to the
   minute-book, correspondence, and all other records and
   papers relating to the proceedings of the Board.

7. All inspectors' reports, and all periodical and other
   reports and returns from all branches and agencies of the
   bank (including the reports and returns from the London
   office), shall be submitted to him as and when received at the
   head office, and it shall be his duty to promptly check and
   examine the same, and, if he deems it necessary so to
   do, forthwith report in writing, through the President, to
   the Colonial Treasurer whatever he deems unsatisfactory
   therein.

8. As soon as practicable after the close of business on the
   last Monday in each month, or at such other dates as the
   Colonial Treasurer from time to time directs, the Colonial
   Auditor shall prepare and forward to the President for
   transmission, after confirmation or otherwise, to the Colonial
   Treasurer,—

(a.) A balance-sheet, made up in respect of the New
Zealand business of the bank from the balances
and figures as appearing in the books and re-
turns at the close of the business on the day or
date aforesaid, and in respect of business outside
New Zealand from the balances and figures ap-
pearing in the latest available returns and reports.
Such balance-sheet shall be in such form and
contain such details as to truthfully disclose the
position of the bank, but shall be so framed as
to make it absolutely impossible to identify the
names or amounts of individual accounts other
than those of the Assets Realisation Board or the
Bank of New Zealand Estates Company (Limited).

(b.) A report on such balance-sheet, and also on the
progress of the bank since the date of the pre-
vious balance-sheet, and its position as compared
with the position at the date of the previous
balance-sheet, and on such other points as he
thinks fit.

Every such balance-sheet and report shall be treated as
strictly confidential.

9. If at any time by reason of absence or other sufficient
   cause the Colonial Auditor is himself unable to prepare and
   furnish such monthly balance-sheet and report as aforesaid,
   he shall communicate the fact to the Colonial Treasurer and
   the President, and submit the name of some officer of the
   bank as competent to perform the duty, whereupon, with
   the consent of the President, the Colonial Treasurer shall
   appoint such officer, or some other competent officer, to
   prepare and furnish such monthly balance-sheet and report
   in the temporary stead of the Colonial Auditor, and for that
   purpose the officer so appointed shall possess all the powers
   of the Colonial Auditor.

10. He shall carefully examine and audit every half-yearly
    and other balance-sheet and statement of profit and loss or
    other statement of accounts prepared by the bank for publi-
    cation or for submission to the Government, and shall certify
    thereon, in writing under his hand, that he has so examined
    and audited them, and that they are correct or otherwise as
    the case may be. In the latter case he shall specify fully
    the points wherein they are incorrect.

11. Before making such certificate he shall require such
    balance-sheet and statement of accounts to be certified to as
    correct or otherwise by the general manager and the ac-
    countant of the bank, or such other officer as the general
    manager authorises so to do. Such certificates shall be in
    the form or to the effect set forth in the Schedule hereto,
    and no such balance-sheet or statement of the bank shall
    be deemed to be complete without such certificates.

12. He may, whenever he thinks expedient, and he shall
    whenever requested by the Colonial Treasurer, or the Pres-
    ident, or the General Manager so to do, visit and inspect
    any branch or agency of the bank in New Zealand, Australia,
    or Fiji, and shall in each instance make a full report in
    writing to the Colonial Treasurer, through the President, on
    the result of such visit and inspection.

13. In every case where, in his opinion, the business or
    affairs of the bank are being improperly or unsafely con-
    ducted he shall forthwith make full report thereof in writing
    to the Colonial Treasurer, but (except in the case of the
    accounts of the Assets Realisation Board or the Bank of
    New Zealand Estates Company, Limited), avoiding reference
    to the name or amount of any individual account.

14. In every case where, in his opinion, any individual ac-
    count is being unsafely conducted, he shall forthwith make
    full report thereof to the President, who shall forthwith sub-
    mit the report to the Board of Directors.

15. He shall make a special report on the business and
    affairs of the bank or on any specified part thereof whenever
    requested by the Colonial Treasurer or the President so to do.

16. In every case where he makes a report or furnishes a
    balance-sheet to the Colonial Treasurer or the Government
    the Colonial Auditor shall avoid referring to the name or
    amount of any individual account (except the accounts of
    the Assets Realisation Board or the Bank of New Zealand
    Estates Company, Limited).

17. In addition to the formal reports hereinbefore referred
    to, it is his duty from time to time to call the attention of
    the President, either verbally or in writing as he deems ex-
    pedient, to any matter or thing relating to the business or
    affairs of the bank which in his opinion requires alteration
    or attention, and if such matter or thing is not satisfac-
    torily altered or attended to he shall make it the subject of a