Dec. 22.] THE NEW ZEALAND GAZETTE. 3769

(b) The liability of the association in respect of—
(i) Advances by the Board towards preliminary expenses, under section 18 of the Act;
(ii) Advances by the Board to such association; and
(iii) Advances by banks or other approved financial institutions to such association:
(c) All investments of the association, distinguishing between—
(i) Investments representing the association’s paid-up capital;
(ii) Investments of the association’s reserve fund; and
(iii) Advances to its members:
(d) All income received from—
(i) Investments of the association’s paid-up capital;
(ii) Investments of the association’s reserve fund; and
(iii) Advances to its members:
(e) All expenses of the association, distinguishing between preliminary expenses of establishment and general working-expenses; and furnishing such detail in relation to the expenses as may be required by the Board.

64. In addition to the books and accounts required by paragraphs 62 and 63 of these regulations, every association shall keep—
    (1) A minute book or books, in which shall be entered minutes of all resolutions and proceedings of general meetings of the association and of the directors, as required by section 154 of the Companies Act, 1908;
    (2) An application and allotment book, in the form numbered 2 in the Second Schedule hereto, in which shall be entered particulars of all applications for shares received by the association and of all shares allotted;
    (3) A register of members and share register, in the form numbered 3 in the Second Schedule hereto, in which shall be entered the particulars required by section 100 of the Companies Act, 1908;
    (4) A register of transfers, in the form numbered 4 in the Second Schedule hereto, in which shall be entered particulars of every transfer of shares passed by the directors;
    (5) A register of mortgages, in the form numbered 5 in the Second Schedule hereto, in which shall be entered particulars of all mortgages and charges specifically affecting property of the association, as required by section 129 of the Companies Act, 1908; and
    (6) If debentures are issued, a debenture register, in the form numbered 6 in the Second Schedule hereto, in which shall be recorded particulars of the debentures held by each debenture-holder, and of the interest due and paid thereon.

65. At the ordinary general meeting in every year, except the statutory meeting, the directors shall lay before the association a statement of the income and expenditure, and a balance-sheet (in the form prescribed by the Board, or as near thereto as circumstances will admit), containing a summary of the property and liabilities of the association, made up to a date not more than three months before the meeting, from the time when the last preceding statement and balance-sheet were made, and, in the case of the first statement and balance-sheet, from the incorporation of the association.

Debentures and Inscribed Stock.

66. In this part of these regulations “debenture” includes bonds or other like securities.
67. Every debenture for the sum of £100 or upwards shall be in the form numbered 7 in the Third Schedule hereto, or to the like effect; but a debenture for the sum of £10, or any multiple thereof less than £100, may, if the Board thinks fit, be in the form numbered 8 in the said Third Schedule, or to the like effect.
68. Every series of debentures shall have a distinguishing letter, and every debenture of a series shall have a separate consecutive number.

C