DEFALCATIONS OF MONEY

Taranaki Daily News, 1 August 1930, Page 9

DEFALCATIONS OF MONEY

LOCAL AUTHORITIES’ LOSSES.

AUDITOR-GENERAL’S PROPOSALS.

(By Wire—Parliamentary Reporter.) Wellington, Last Night. _ Dealing with the subject, of defalcations of public money, the Controller and Auditor-General draws attention in his annual report to the fact that several classes of local authorities are not required by law to take security from their officials for faithful execution of their duties. “The failure of some local authorities to require those officers dealing’ with money to enter into fidelity bonds,” he remarks, “has resulted in considerable loss to ratepayers and the Audit Office recommends that steps be taken at the earliest opportunity to bring all local bodies into line in this matter and that it be made compulsory for all persons dealing with local bodies’ funds to give sufficient security for faithful execution of their duties.”