INSTITUTE OF ACCOUNTANTS.

Evening Post, Volume LXX, Issue 40, 16 August 1905, Page 6

INSTITUTE OF ACCOUNTANTS.

. ANNUAL MEETING. The 12th annual meeting of the Incorporated Institute of Accountants of New Zealand was held in the hall of the Wellington Chamber of Commerce this afternoon, the President (Mr. Peter Barr, of Dui.edin) in the chair. The report presented by the Council stated . that the examination under theJoint and. -Uniform Australasian Scheme was held as usual during the year. For the degrees of Fellow and Associate there were in all 186 candidates from, the various Institutes, of whom two only were successful in passing the full examination. Tlie Institute sent up 54 candidates, of whom two completed their partial pass as Associates, eleven secured partial passes, and the rest tailed : The names of the candidates who completed their partial passes were : — Mr. S. 6. Chambers (Auckland) as .Associate, and Mr. W. S. Wheeler j (Wellington) as Associate. Messrs. J. L. Arcus, H. Wylie, J. S. Barton, B. A. Moore, P. P. Wardell, J. T. Harknesa, A. E. Cree, F. R. Bushel, L. Tippett, A: W. Jeavons, and J. T. Martin, seemed partial passes as Associates. For the degree of Student 54 candidates sat, of whom 31 passed. The passes were classified into three grades, as follows :—: — (1) 65 per cent, and over ; (2) 55 per cent, to 64 per cent. ; and (3) 45 to 54 per cent. The names of the successful candidates were :'— Class 1. ; S. G. Reid, T. R. Jeavons, W. N. Philson, Auckland; D. A. Riggs, R. W. Nelson, H. MD Smith, F. H. Hayward, L. J. Rea, Wellington ; A. A. Stenhouse, A. F. B. Laidlaw, S. A. Wood, J. A. Miller, R., W. Scott, B. Smith, Dunedin. Class 2. : A. Bow, N. Falconer, J. A. W. Harniin, Auckland ; H. E. Winder, F. S. Yates, B. 0. Kirk, R. D. Kiely, Wellington ; W. Ikinsley, C. H. Perry, A. P. Ussher, Dunedin. Class I 3. : G-. B. Lusk, Auckland ; V. Ingram and i W. F. Richards, Wellington ; A. J. Campbell and F. Souness, Dunedin. The Council again offered three prizes for the best book-keeping pipers by students entering from the Secondary Schools of the colony. They weVe awarded as follows : — Ist prize, £5, H. MD Smith, Wellington College; 2nd prize, £3, F.>S. Yates, Wellington College ; 3rd prize, F. H. Hayward, Wellington College. The unprecedented poorness of 'the result of the examination gave rise to much dissatisfaction throughout the several Institutes and on the part of the candidates. After discussion it was resolved by the Australian Institute to have a Post Examination in April, 1905, a decision which was arrived at rather late to enable New Zealand to join in, but in any case the Council decided that it would be inadvisable to do so. ' The result of the second examination was on a par with that of October, so that our decision was justified. These examinations has clealfc a serious, if not a death, blow to the Joint .Scheme. Victoria and Queensland have announced their withdrawal ; the New Zealand Council has decided not to join in an examination next October, but to leave decision as to its future policy until after tlie annual meeting. The Council appointed the Dunedin J,ocal Committee a special Committee to go through the papers of the New Zealand candidates at the October, 1904> examination and report. That Committee, after careful and exhaustive enquiry, has reported and copies of the report have been distributed amongsl members and sent to the Councils of the other Institutes. t The Council'ia-desiTous of working in com- ' plete harmony with the Students' Societies and welcomes from them the fullest expression of views, and opinions on accountancy matters. A most important matter has engaged the attention of the Council during the past year, viz., the promotion of a Bill before Parliament to make provision for the registration of accountants. In this matter the Council ' has worked hand-in-haad!with the New Zealand Accountants' and Auditors' Association. The Bill is now before the House, and is m charge of Mr. J. A. Millar, M.H.R., of 'Dunedm. The Institute has the" sum of £450 on fixed deposit and £57 5s 5d cash at bank, £9 19s 6d in hand, and no liabilities outs"de those in connection with the Accountants' Hill. The membership of the Institute at tho beginning of the year was 225, consisting of 100 Fellows, 53 Associates, and 72 Students. Of these, 1 Fellow, 1 Associate, and 17 Students went off the register for various reasons, and 3 Associates were promoted to the Fellowship under article 3A. The number admitted by examination was 33 — 2 Associate and 31 Students (one of the latter was already a member) ; one Fellow (a member of tht C.A. of England) -was admitted without examination. Tlie number on the register therefore at the end of the year was' 239, being -103 Fellows, 1 51 Associates, and 85 Students. In accordance with tho Articles of Association; the following members of Council retire, but are.eligible for re-election : —Mr. C. P. Powles (Group A)> Mr.'W. W. Bruce (Broup B), Mr. W. Tl: Grundy (Group C), Mr. Win. Brown (Group ])), Messrs W. T. Irvine and E. N. Liffiton (Group E). (Left sitting.) ,