2882
THE NEW ZEALAND GAZETTE.
[No. 67

(f) The establishment and maintenance of college hostels or residential houses for the accommodation of students attending the college: Provided that any such hostel or residential house is wholly under the control of the College Corporation:

(g) The extension or improvement of farm live-stock and/or poultry.

5. If such purpose be one in respect of which a subsidy at the rate of £1 for every £1 of voluntary contributions is claimed to be payable pursuant to paragraph (a) of subsection (2) of the said section 5, no such subsidy shall be payable until the Minister is satisfied that proper provision by means of a sufficient declaration of trust or other instrument has been made to ensure that such voluntary contributions shall be available solely for and at all times used solely as a capital endowment, the income from which is available solely for one or more of the purposes set out in the last preceding clause of these regulations, and until such declaration of trust or other instrument has been produced to the Minister and an attested copy thereof delivered to him to be retained by the Director-General of Agriculture.

6. All claims for the payment of any subsidy must be made to the Minister in the form set forth in the Schedule hereto and must be executed under the seal of the College Corporation or signed by the Registrar or other responsible officer thereof.

7. Accounts shall be kept by the college of all voluntary contributions which are available for and used solely as capital endowments, and on which there is paid the subsidy provided for by paragraph (a) of subsection (2) of the said section 5, showing—

(a) (i) The amounts of capital standing to the credit of these accounts on the first day of January in each year.

(ii) The sources from which such capital was derived and the amount derived from each source.

(iii) The purposes for which the contributions were given.

(iv) The amount of capital received during the year.

(b) The amounts invested in securities and the names of such securities.

(c) The income derived from such investments.

(d) The amounts expended and the purposes of such expenditure.

(e) The balance in the Income and Expenditure Account.

8. Similar accounts shall be kept of the subsidies which are paid by the Government from time to time on voluntary contributions, and which are to be used as a capital endowment pursuant to subsection (5) of the said section 5.

9. Accounts shall be kept of the voluntary contributions which are not used as capital endowments showing the amounts received and expended and the balance as on the first day of January in each year.

10. All the foregoing accounts shall be duly audited by the Audit Office, and shall be available at all times both before and after audit for inspection by any person appointed by the Minister for that purpose.

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SCHEDULE.

THE CANTERBURY COLLEGE AND CANTERBURY AGRICULTURAL COLLEGE AMENDMENT ACT, 1927, SECTION 5.—CLAIM FOR SUBSIDY ON VOLUNTARY CONTRIBUTIONS.

1. THE Corporation of the Canterbury Agricultural College hereby makes application for subsidies on voluntary contributions as follows:—

In cases of claims under heading (a) hereof, on proceeds of entertainments, a certified statement of receipts and expenditure must be attached. In cases of claims under headings (c) and (d) hereof, a schedule describing each item and showing how the value thereof has been ascertained must be attached.

2. The following are particulars of above-mentioned voluntary contributions received:—

3. The following are the purposes for which the said voluntary contributions or the income thereof, as the case may be, will be used:—

4. The following are the purposes for which the income of the subsidies payable on the said voluntary contributions will be used:—

5. I, [Registrar, or other responsible officer] hereby certify as follows:—

(i) That this claim is correct in every particular.

(ii) That all statements and schedules attached hereto or submitted herewith are true and correct in every particular.

(iii) That the above sum of £[Contributions in money] has been paid into the banking account of the Canterbury Agricultural College at the [Name of bank] at [Place].

(iv) That all the above-described contributions have been received within the meaning of the said Act, and the legal ownership thereof has been vested in the Canterbury Agricultural College, which is now legally in possession thereof, and the said contributions are available for immediate use.

(v) That the said contributions or the income thereof, as the case may be, will be used for the purposes specified in clause 3 hereof.

(vi) That the income derived from the subsidies payable on the said contributions, will be used for the purposes specified in clause 4 hereof, unless in any case provided for by subsection (5) of section 5 of the above-entitled Act any such purpose be not approved by the Minister of Agriculture, and in that event for such purpose or purposes as the Minister of Agriculture may approve.

(vii) That the said subsidies and such of the said contributions as are by law required to be held as a capital endowment will at all times be invested as required by subsection (5) of section 5 of the above-entitled Act.

(viii) Generally that this claim is in accordance with the said Act and the regulations made thereunder.

(ix) That I am authorized by resolution duly passed by the Corporation of the Canterbury Agricultural College to make this claim and to enter into the foregoing undertaking on behalf of the said Corporation.

Dated this day of , 19 .

[Signature of Registrar, &c.]

A. W. MULLIGAN,
Acting Clerk of the Executive Council.