JAN. 30.] THE NEW ZEALAND GAZETTE. 153

(10.) He shall make a special report on the business and affairs of the Board or on any specified part thereof whenever requested by the Colonial Treasurer or the Board so to do.

(11.) In every case where he makes a report or furnishes a balance-sheet to the Colonial Treasurer, the Auditor shall supply a copy of such report or balance-sheet to the Board.

(12.) In every case where he makes report to the Board the Auditor shall supply a copy thereof to the Colonial Treasurer.

(13.) In addition to the formal reports hereinbefore referred to, it is his duty from time to time to call the attention of the Board or the Chairman thereof, either verbally or in writing as he deems expedient, to any matter or thing relating to the business or affairs of the Board which, in his opinion, requires alteration or attention, and if such matter or thing is not altered or attended to he shall make it the subject of a formal report.

(14.) He shall check the debentures created by the Board, and countersign each of them.

(15.) He shall call on the Board to supply him with whatever office-room, materials, and clerical and other assistance he deems necessary for the efficient discharge of his duties, and the Board shall supply the same at its own cost.

SCHEDULE.

1. Form of Debenture.

No. £

New Zealand.

Assets Realisation Board Loan of £

Issued by the corporate body styled "The Assets Realisation Board," under the authority of an Act of the General Assembly of New Zealand intituled "The Bank of New Zealand and Banking Act, 1895."

On presentation of this debenture at the office of the Bank of New Zealand, on or after the thirty-first day of March, one thousand nine hundred and four, or such earlier day as the same becomes payable under the provisions for redemption hereinafter referred to, the bearer hereof will be entitled to receive pounds.

Interest on this debenture at the rate of three pounds ten shillings per centum per annum is payable half-yearly from the thirty-first day of March, one thousand eight hundred and ninety-five, upon presentation of the proper coupon hereunto annexed. Interest will cease after the day when the principal falls due unless default is made in payment.

It is provided by the above-mentioned Act that this debenture is to be secured by a floating charge which is hereby conferred over all the assets for the time being under the control of the Assets Realisation Board; but if on the due date it shall be found that the net proceeds of such assets are insufficient for payment of the principal and interest of this debenture the deficiency shall be a charge upon, and payable out of, the consolidated revenue of the Colony of New Zealand.

It is further provided that this debenture shall be redeemable at any time during its currency on twelve months' notice being given of such intention.

Issued under the common seal of the Board, this day of , 189

Chairman. Members of the Assets Realisation Board.

Countersigned by , Auditor.

2. Form of Coupon.

Assets Realisation Board Debenture No. , Coupon No. .

Issued under authority of an Act of the General Assembly of New Zealand intituled "The Bank of New Zealand and Banking Act, 1895."

Coupon for £ , being six months' interest on debenture No. , for £ , payable at the office of the Bank of New Zealand, , on £ . Due , Chairman of the Board.

3. Forms of Half-yearly Balance-sheet and Statement of Accounts.

Balance-sheet of the Assets Realisation Board for the Half-year ended , 189 .

LIABILITIES. £ s. d.

3½ per cent. debentures outstanding

Bank of New Zealand

Other creditors

£

ASSETS. £ s. d.

Freehold properties (other than stations)

Stations properties

Other properties

Realisation Accounts—

Bank of New Zealand Trust Account

Balances due by purchasers

Realisation Adjustments Account

Bank of New Zealand

£

Statement of the Profit and Loss Account.

Dr. £ s. d.

Interest on debentures

Net loss on stations

Land-tax

General charges

Balance transferred to Realisation Account

£

Cr. £ s. d.

Net profit on stations

Net revenue from freeholds and other properties

Miscellaneous

Transfer from realisations to make good deficiencies

£

Statement of the Receipts and Expenditure of the Assets Realisation Board for the Half-year ended 189 .

RECEIPTS. £ s. d.

Capital—

Properties sold

Live-stock sold

Income—

From stations—

Sales of wool, skins, &c.

Sales of grain, &c.

Miscellaneous

General—

Interest

Rents

Miscellaneous

Payments by Bank of New Zealand

Balance

£

EXPENDITURE. £ s. d.

Capital—

Purchase of land

Purchase of live-stock

Stations—

Permanent improvements

Wages

General expenses

Depreciation of implements, furniture, &c.

Interest

Rent

Rates and taxes

General—

Interest on debentures

Interest on overdrafts

Land-tax

Rates and taxes

Maintenance of properties

Permanent improvements

General charges

Balance

£