Oct. 7.] THE NEW ZEALAND GAZETTE. 3449

67. The Council shall, unless otherwise directed by any deed of trust, have the power to invest any entrance fees, surplus income, funds, donations, endowments or any other moneys not immediately required for the ordinary purposes of the Institute, in the name of the Institute or of any two or more members of the Council, in trust in any securities in which Trustees are for the time being authorized to invest Trust Moneys, or by leaving the same upon deposit with any reputable bank or building society or by lending the same to any Municipal Corporation or Local Authority.

68. All moneys belonging to the Institute and not invested shall be lodged on current account by the Council on account of and for the use of the Institute in such bank, in such city as The Council shall direct.

69. Every vacancy in the office of Trustee shall be filled at the next meeting of the Council after such vacancy occurs.

70. Any Trustee may resign his office by letter delivered to the Secretary.

71. The office of Trustee shall be vacated by the bankruptcy of the Trustee or by his ceasing to be a member of the Institute, or by absence beyond the sea for a period of one year.

72. A Trustee may be discharged from his office by a vote of a majority of two-thirds of the members present at any annual meeting or any special meeting called for the purpose.

73. No sum of money exceeding one pound shall be paid on account of the Institute except by a cheque of the Council, signed by the Honorary Treasurer and the Secretary.

74. The Council shall contribute annually to each District Branch a sum equal to one-third of the amount of the annual subscriptions paid by the members of each such District Branch.

75. The Council may, subject to such limitations or restrictions as the Regulations may from time to time prescribe, apply the funds of the Institute in furthering professional education and in conducting examinations which the Institute now is or may hereafter be empowered or required to hold, and such other examination or examinations as the Institute may from time to time think fit to establish, and in extending and in improving the library, museum, and collections, and for other purposes connected with architecture, and in other ways promoting the objects of the Institute.

76. The Council may regulate and determine the fees to be paid by candidates in respect of all examinations which the Institute now is or may hereafter be empowered or required to hold, and such other examination or examinations as the Institute may think fit to establish.

77. Subject to any specific trust imposed thereon, the Council may apply any donations or endowments which may be given to the Institute for any purpose connected with the profession of architecture.

78. The Council may employ any part of the funds of the Institute in the payment of lecturers, or the foundation of Prizes, Scholarships or Exhibitions conducted or held by the Institute, for grants to Students’ Societies, as well as for any other general purposes of the Institute.

79. Notwithstanding anything herein contained, the Council may from time to time borrow money temporarily and may pay interest thereon.

80. The Council may with the consent of a general meeting make such provision for pensioning retired officers and servants, whether by agreement at the time of appointment or employment, or otherwise, as to the Council may seem just.

81. The Council may grant pecuniary and other assistance to members of the Institute who are in need of such assistance or to the wife or children of any member, or the widow or children of any deceased member.

82. The Council may pay out of the funds of the Institute the reasonable travelling expenses of any member thereof on each occasion of such member attending a meeting of the Council, or of any Committee thereof, as may be determined by a resolution of the Council.

83. The Council shall have power in each year to publish or cause to be published at the expense of the Institute or otherwise, a list of the members of the Institute, together with such other particulars in respect to the Institute or its objects as they may deem advisable, and they shall in such list distinguish in such way as shall to the Council seem fit, the Fellows and Associates, or may publish the list in any other form they determine upon, and such list shall be supplied to members and others gratuitously or at such prices as the Council shall from time to time determine.

84. For the purpose of publishing such list, each District Secretary shall, before September 30th of each year, send to the Secretary the name and address or place of business of all members of his District Branch, failing which the list may be drawn up on such information as the Council may possess.

85. There shall be a Common Seal for the use of the Council, of such design as the Council shall determine, and such seal shall be affixed to all deeds or contracts of the Institute, the copies of the “Conditions of Contract” (hereinafter referred to), to all certificates of membership, and to such other documents as are required by law or these regulations to be executed under seal.

86. The Council shall have the control of the Common Seal, which shall be kept in safe custody by the Secretary at the registered office of the Institute in a chest having two keys, the Secretary having one key and the Honorary Secretary the other.

87. The Common Seal shall not be affixed to any certificate of membership or writing except by authority of the Council duly recorded in the minutes of the meeting authorizing the use of the Seal and only in the presence of the Secretary, Honorary Secretary and one member of Council, and such deed, certificate or writing shall, after the Seal has been affixed, be signed by the President (or Chairman of the meeting), by one other member of Council, by the Honorary Secretary and counter-signed by the Secretary of the Institute.

88. The Council shall appoint an officer who shall be “The Secretary of the Institute” and who shall, subject to the direction and control of the Council, have the management of the affairs and the conduct of the executive business of the Institute. He shall take or cause to be taken minutes of the proceedings of all meetings of the Council and of the Executive and Finance Committees. He shall keep or cause to be kept complete accounts showing the position of the Institute and of its financial relations to the members thereof and the public.

89. Any appointment by the Council of the Secretary, or other officer or servant of the Institute, shall be made subject to the right of the Council to terminate such appointment at such time as may be fixed by the Council at the making of such appointment, and the right shall be stated in the letter announcing the appointment of such appointee.

90. The Council shall present a report on the state of the property and affairs of the Institute to the Annual Meeting, which report shall give an abstract of the proceedings during the official year, an account of the funds showing a statement of revenue and expenditure for the past year and a statement of the Assets and Liabilities as at the close of the financial year, duly audited. A copy of the report and the accounts shall be issued to the Secretary of each District Branch and to every subscribing member seven days before the Annual Meeting of the Council.

For the purpose of this regulation the financial year shall be deemed to end on the 30th October in each year.

91. There shall be two Auditors who shall be elected annually at the Annual Meeting of the Council. They shall be Registered Public Accountants and shall have access at all reasonable times to the accounts and securities. They shall examine the accounts and securities and shall report thereon not later than 14 days before the date of the Annual Meeting.

92. In the event of the decease or resignation of an Auditor another shall be elected to the office by the Council for the remainder of the session.

93. The Auditors shall be paid such fees as the Council shall determine.

94. The Council shall have power from time to time and as it thinks fit to form and appoint Committees for special or general purposes, in particular there shall be the following Standing Committees of the Institute, namely:—

(1) The Executive Committee;

(2) The Finance Committee;

(3) The Committee of Architectural Education and Examination;

(4) The Committee of Practice, Investigation, and Discipline;

(5) The Library Committee.

These Committees shall be appointed annually by the Council at its first meeting after the annual meeting or not later than one month from that date. Each Committee shall appoint its own Chairman and Secretary, and shall fix its quorum at its first meeting.

95. The Minutes of each meeting of each Committee shall be reported to the Council at its next meeting following each such Committee meeting, for adoption.

96. The Executive Committee shall consist of the Wellington members of the Council together with the Honorary Secretary and Honorary Treasurer.

The Executive Committee shall, subject to the direction and control of the Council, have the management of the general business of the Institute in matters of detail, and to give effect to policy measures promoted by the Council.

97. The Finance Committee shall consist of two elected members of the Council together with the Honorary Trea-