Aug. 24.] THE NEW ZEALAND GAZETTE. 2597

CLASSIFICATION OF SECURITIES IN RESPECT OF ADVANCES TO WORKERS.

18. (1.) When the value of the land in respect of which an application for an advance is made, or the value of the applicant’s interest therein, apart from the buildings erected or to be erected thereon, equals or exceeds the amount of the loan, and the security offered is in the opinion of the Board satisfactory in all other respects, then that security shall be deemed to be a first-class security.

(2.) When the value of the land in respect of which an application for an advance is made, or the value of the applicant’s interest therein, apart from the buildings erected or to be erected thereon, exceeds one-half but does not equal the amount of the loan, and the security offered is in the opinion of the Board satisfactory in all other respects, then that security shall be deemed to be a second-class security.

(3.) When the value of the land in respect of which an application for an advance is made, or the value of the applicant’s interest therein, apart from the buildings erected or to be erected thereon, does not exceed one-half of the amount of the loan, and the security offered is in the opinion of the Board satisfactory in all other respects, then that security shall be deemed to be a third-class security.

GENERAL AS TO ADVANCES TO SETTLERS AND ADVANCES TO WORKERS.

19. (1.) The Superintendent, with the sanction of the Board, may decline to proceed with the payment of an advance which the Board has resolved to grant, if the title in respect of the security for such advance is not delivered to the Superintendent or to his agent or solicitor within one month after the applicant for the advance has received notice of the resolution of the Board.

(2.) The Superintendent may also decline to proceed with any application for an advance if and so long as the applicant fails to furnish the particulars required by the Superintendent with respect to the security.

20. Where an advance is made by way of progress-payments for the purpose of erecting a dwelling-house, the Superintendent may require three inspections of the building to be made, the first when the frame of the building is up and the roof is on, the second when the building is lined and the rusticated boarding fixed, and the third when the dwellinghouse is completed.

MISCELLANEOUS.

21. The cheques signed by the Superintendent on the Advances Account shall be deemed to be sufficiently countersigned by the Audit Office if countersigned by an Audit officer whose signature the Auditor and Controller-General has authorized the bank to accept.

22. The amounts payable within the Dominion out of the Advances Account may be forwarded by the Superintendent to the Postmaster-General, to be paid by such Postmasters as the Superintendent requests and as the Postmaster-General authorizes or directs to make such payments, and the Postmasters shall pay such amounts accordingly.

23. Every claim upon the Advances Office must be made in the form and rendered in the manner required by the Superintendent.

24. Any person making a lodgment with a Postmaster of money payable to the Superintendent, or to the Advances Account for credit of that account, shall furnish the Postmaster (on two copies of the form supplied by him for that purpose) with the particulars of the lodgment, and the Postmaster shall thereupon sign and return to such person one of those forms in acknowledgement of the receipt of the lodgment.

25. The manager of the bank at which the Advances Account is kept shall at the close of business every day make up the pass-book of the Advances Account, and send the same to the Superintendent, and at the same time shall send to the Auditor-General a statement showing the total receipts into, the payments out of, and the balance of that account at the close of each day.

26. A claimant unable personally to apply for payment may, by a special or general order on the form which the Superintendent may supply for the purpose, authorize payment to be made to an agent. A special order shall be on or attached to the claim to which it relates, and a general order shall be recorded in the Advances Office, and quoted on each of the claims to which it applies.

27. In the case of a special or general order given by a Maori not conversant with the English language, that order must be accompanied by the certificate of a licensed interpreter to the effect that he has translated the contents of the order to the Maori, and that the latter understood them.

28. The mark of any payee unable to write, and the mark or signature of every Maori, must be witnessed by a person who, not being the paying officer or agent, is conversant with the English language.

29. The officer or agent authorized to pay a claim on the Advances Office must be satisfied before paying it that the applicant for payment is entitled to receive the amount, and that all necessary documents have been produced.

30. No claim on the Advances Office shall be paid until it has been, to the satisfaction of the Superintendent or his agent, proved and certified to be correct, in the manner required by the Superintendent, and receipted by the claimant or by the claimant’s duly authorized agent, and until the signature of the payee has been attested when such attestation is required by the Superintendent in accordance with these regulations.

31. The officers and agents of the Superintendent shall be held responsible for all errors in calculation of the accounts or claims which they certify to be correct, and for any loss due to their neglect of these regulations or of the instructions given by the Superintendent.

32. All securities for the investment of moneys belonging to the Advances Account shall be kept under three keys, in the custody respectively of the New Zealand State-guaranteed Advances Office Deputy Superintendent, the Accountant of the Advances Office, and an Audit officer.

33. In any case which is not provided for by the said Act, or by these regulations, the special instructions of the Superintendent shall be applied for and followed.