1.—14.

4

The Minister; The Solicitor-General; The Public Trustee; The Inspector-General of Schools ; The Controller and Auditor-General ; 5 The President of the New Zealand Educational Institute; Two persons to be elected from among their number by the contributors resident in the North Island ; and Two persons to be elected from among their number by the contributors resident in the South Island. 10 (2.) At all meetings of the Board three shall form a quorum. (3.) In the absence of the Minister any other responsible Minister of the Crown may attend in his stead. (4.) In the absence of the Public Trustee, the Deputy Public Trustee may attend in his stead. 15 (5.) The Minister shall be chairman at all meetings of the Board at which he is present, and at any meeting at which he is not present the Board shall appoint a chairman from the members present. (6.) Subject to this Act and the regulations thereunder, the Board may prescribe its own procedure. 20 10. (1.) The elective members shall be elected by ballot in the manner prescribed by regulations. (2.) A separate ballot of the contributors resident in the North and South Islands respectively shall be taken on the first Monday in March, one thousand nine hundred and six, and thereafter on the 25 same Monday in every third year. (3.) Any question arising as to the regularity or validity of any ballot, or the voting thereat, shall be determined by the Minister in such manner as he thinks fit, and his decision shall be final. (4.) If an elective member of the Board dies, or by notice in 30 writing addressed to the Minister resigns his office, or ceases to be in the Education service, then in any such case his seat becomes vacant, and a successor shall be elected, who shall hold office only for the remainder of his predecessor's term of office : Provided that where the vacancy occurs within three months of 35 the ordinary election a ballot shall not be taken, but in lieu thereof the Governor may appoint to the vacancy. (5.) Notice of the election or appointment of any member shall be gazetted. Benefits of the Fund. 40 11. The fund shall be held and applied for the benefit of the contributors in the manner and subject to the conditions hereinafter set forth : Provided that no payment shall be made out of the fund before the first day of April, one thousand nine hundred and six. 45 12. (1.) Every male contributor who has attained or hereafter attains the age of sixty-five years shall retire from the Education service; and every such contributor who has attained or hereafter attains the age of sixty years may, at any time after the expiration of three months' notice of his intention so to do, retire from such 50 service.

Election of members of the Board,

Application of fund

Retirement at pension age.

VI

Teachers' Superannuation.