3378
THE NEW ZEALAND GAZETTE.
[No. 85

(2) The Wheat Purchase Board incorporated under these Regulations shall continue the administration and winding-up of the wheat-marketing scheme established by the 1933 Regulations, and shall for such purpose have all the powers and duties imposed upon the Board established under the 1933 Regulations in addition to the powers conferred and duties imposed by these regulations.

(3) The Board shall complete the winding-up of the said wheat-marketing scheme as expeditiously as circumstances will permit, and shall apportion equitably between the 1932–33 and 1933–34 wheat-marketing schemes all expenses of and incidental to each.

(4) The Board may, in its discretion, use the funds of the 1932–33 scheme temporarily for the carrying-on of the 1933–34 scheme, including the purposes set out in clause (6) of this regulation, but subject to proper adjustment and repayment as circumstances shall permit.

(5) The Board’s decision on any matter of and incidental to adjustment between the 1932–33 and 1933–34 wheat-marketing schemes, whether as to expenses and use of funds as aforesaid or otherwise, shall be final.

(6) In order to complete the administration and winding-up of the 1932–33 wheat-marketing scheme, the Board shall have power, in its discretion, to take over on behalf of the 1933–34 scheme any surplus 1932–33 wheat remaining on its hands. Such taking-over shall be at a valuation to be fixed by the Board after taking into account all relevant circumstances, including cost of storage. Any money in the Board’s hands under the 1933–34 scheme shall be available for the payment of the price of the wheat taken over, and the wheat so taken over shall become part of the stocks of the 1933–34 scheme.

(7) Notwithstanding the revocation of the 1933 Regulations, all rights existing or arising thereunder and all liabilities and duties imposed thereby shall continue until the wheat-marketing scheme established thereunder shall be fully wound up and all rights duly satisfied, and all liabilities and duties duly discharged and performed. All offences heretofore committed against the 1933 Regulations shall continue to be punishable as therein provided, and shall be unaffected by the revocation thereof.

(8) All actions, proceedings, contracts, notices, and other matters commenced by or against, or entered into or done by or with, the Board constituted under the 1933 Regulations shall enure against or for the benefit of the Board constituted under these regulations as if commenced, entered into, or done by or against, or with the Board constituted under these regulations, and all the assets, rights, and liabilities of the Board constituted under the 1933 Regulations shall devolve upon the Board constituted under these regulations, subject to apportionment by the Board pursuant to clause (3) of this regulation.

(9) All wheat-purchase warrants, and all conditions and restrictions therein, and all consents and appointments, and generally all acts of authority of the Board constituted under the 1933 Regulations shall enure as if they had originated as acts of authority of the Board constituted under these regulations, and shall, so far as they are henceforth capable of taking effect, continue in force as if they had so originated, and shall continue to be binding accordingly.

REGULATION 14.—AUDIT AND ACCOUNTS.

(1) The financial accounts of the Board shall be kept in such form as the Board, with the approval of the Controller and Auditor-General, may decide.

(2) The said accounts shall be subject to audit by the Audit Office as if the Board were a local authority within the meaning of section 124 of the Public Revenues Act, 1926, and Part XIV of that Act shall accordingly apply, subject to the express provisions of this regulation.

(3) The expenses of such audit shall from time to time be determined by the Controller and Auditor-General, and when so determined shall be recoverable as a debt due to the Crown and be a first charge on the funds of the Board.

(4) A summary of the accounts of the Board duly audited shall be published at such time and in such manner as the Minister may from time to time direct.

REGULATION 15.—OFFENCES.

(1) Every person shall be guilty of an offence against these regulations, and shall be liable accordingly, who does, or attempts, or conspires to do any act declared by these regulations to be unlawful.

(2) Every authorized broker shall be guilty of an offence against these regulations, and shall be liable accordingly, who commits any wilful breach of his contract with the Board under these regulations.

(3) Every seller of wheat to the Board or purchaser of wheat from the Board under these regulations who commits a wilful breach of his contract with the Board shall be guilty of an offence against these regulations, and shall be liable accordingly.

(4) Every person who being a servant or agent of any authorized broker, or of any such seller or purchaser of wheat, wilfully does any act whereby or in consequence of which such authorized broker, seller, or purchaser breaks his contract with the Board, shall be guilty of an offence against these regulations, and shall be liable accordingly.

(5) Every person who deceives or attempts to deceive an authorized broker or the Board in the exercise of its functions under these regulations shall be guilty of an offence against these regulations, and shall be liable accordingly.

(6) Every person who incites, aids, abets, counsels, or procures any other person, or conspires with any other person to commit an offence against these regulations shall be guilty of an offence against these regulations, and shall be liable accordingly.

(7) Every person who fails to make in accordance with these regulations any return required thereby or in pursuance thereof, or who makes any such return which is false or misleading in any particular, shall be guilty of an offence against these regulations, and shall be liable accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

By Authority: G. H. LONEY, Government Printer, Wellington.

Price 6d.]