ACCOUNTANCY.

Timaru Herald, Issue 170307, 30 August 1920, Page 8

ACCOUNTANCY.

saxanso of the ixsravrs

At the annual^meeting of the Incorporated Institute of Accountants ot ; iNew Zealand, Mr James Morrison, of Christeh&reh, was elected president, and Mr J. L. Arcus, of Wellington, vice-president. Tho accumulated funds of t'.ie institute amounted to £1134. Jt was decided to increase to £IOO fdr one year the subsidy to the University Colleges, at Auckland, Chrisccirireh, and Dunedin. A grant was made to the Society of Accountants, and £4O was voted for distribution among various Accountant Students' Societies and kindred associations dn New Zealand.

It was decided that applications for exemption by returned soldiers in connection Avith examination must he lodged by March 31 next; to a-sK the Government to amend the Companies Act on the lines of the English Act, providing that an. auditor other tl.au a retipng auditor cannot be appointed without fourteen days' notice and also inflicting a penalty if a balance sheet is circulated without the auditor's report: that the present system if contribution to the Society's benevolent fund is inequitable, and that steps should he taken to re-arrange subscriptions, and allot a certain ;;ortion to the Benevolent Fund. •The _ following were re-elected to the Council unopposed:—Messrs S G Chambers '/Auckland). W. McCullocli f Hawkc. k Bay). Peter Bnrr (Otago), F. A. "U ebb (Southland).