Dec. 20.] THE NEW ZEALAND GAZETTE. 2041

Inspectors of Factories appointed.

Department of Labour,
Wellington, 19th December, 1898.

HIS Excellency the Governor has been pleased to appoint the under-mentioned persons to be Inspectors under “The Factories Act, 1894,” and to assign to them the district set opposite their names, viz.:

Name. District.
Constable DAVID CARTMILL The Middle Island of the Colony of New Zealand, and the islands adjacent thereto.
Constable DAVID STEWART .. Ditto.
R. J. SEDDON,
Minister of Labour.

Licensing of Vehicles.—By-law by Tuapeka County Council.

Colonial Secretary’s Office,
Wellington, 17th December, 1898.

IT is hereby notified, in accordance with section 311 of “The Counties Act, 1886,” that so much of the by-law made by the Tuapeka County Council, and sealed on the 23rd day of November last, as appoints the several sums to be paid to the county funds for the licensing of vehicles has this day been approved by His Excellency the Governor.
J. CARROLL.

Consular Agent of the United States at Wellington recognised.

Colonial Secretary’s Office,
Wellington, 19th December, 1898.

HIS Excellency the Governor directs it to be notified that he has been instructed by Her Majesty’s Principal Secretary of State for the Colonies to recognise the appointment of

JOHN DUNCAN, Esq.,

as Consular Agent of the United States at Wellington.
J. CARROLL.

Regulations under “The Bank of New Zealand Share Guarantee Act, 1894,” and “The Bank of New Zealand and Banking Act Amendment Act, 1898,” as to Duties and Powers of Auditors.

The Treasury,
Wellington, 19th December, 1898.

WHEREAS by “The Bank of New Zealand Share Guarantee Act, 1894,” and “The Bank of New Zealand and Banking Act Amendment Act, 1898” (hereinafter called “the said Acts”), 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 Chief Auditor”) to act as Auditor, and some fitting person to act as Assistant 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 Act first aforesaid it is further enacted that the Agent-General of New Zealand in London shall 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 Acts 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: And whereas under the power in that behalf conferred by the Act first aforesaid the Colonial Treasurer made certain regulations bearing date the 10th day of February, 1896, and gazetted on the 20th idem: And whereas it is expedient to revoke those regulations, and to make fresh regulations in lieu thereof:

Now, therefore, I, Richard John Seddon, the Colonial Treasurer of the Colony of New Zealand, in exercise of the power conferred upon me by the said Acts, and of all other powers and authorities enabling me in this behalf, do hereby for the purposes aforesaid revoke the aforesaid regulations bearing date the 10th day of February, 1896, and in lieu thereof do hereby 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 Chief Auditor and the Assistant Auditor, and in respect of such business and affairs within the United Kingdom, the London Auditor, shall at all times scrutinise such business and affairs, and shall audit and certify to the correctness or otherwise of the accounts of the bank, and of all reports and balance-sheets of the bank, and for those purposes 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 CHIEF AUDITOR.

2. The Chief 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. The Chief Auditor 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 compliance with such requisition is delayed or refused, the Chief Auditor shall forthwith report the fact to the Colonial Treasurer.

5. The Chief Auditor 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 of Directors.

6. 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 the Chief Auditor 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, to forthwith report in writing to the Colonial Treasurer whatever he deems unsatisfactory therein.

7. 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 Chief Auditor shall prepare and forward 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 returns 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 appearing 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.

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

8. The Chief Auditor 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 publication 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.

9. 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 accountant 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 shall be deemed to be complete without such certificates.

10. The Chief Auditor may, whenever he thinks expedient, and he shall whenever requested by the Colonial Treasurer 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 on the result of such visit and inspection.

11. In every case where, in the opinion of the Chief Auditor, the business or affairs of the bank are being improperly or unsafely conducted, he shall forthwith make full report thereof in writing to the Colonial Treasurer.

12. In every case where, in the opinion of the Chief Auditor, any individual account is being unsafely conducted, he shall forthwith make full report thereof to the General Manager, who shall forthwith submit the report to the Board of Directors.

13. The Chief Auditor 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 so to do.