Order Confirmation. A.D. 1927. waste products shall be paid by the Corporation out of the revenues of the slaughter-houses Any deficit or surplus arising from the manufacture and turning to account of such waste products shall be carried to the debit or credit of the slaughter-houses account If at any 5 time the revenues of the slaughter-houses shall prove insufficient to meet the whole of the interest and sinking fund then the deficiency or deficiencies shall be made good out of the assessment for general police purposes. Apportionment of receipts and payments between separate accounts. Appointment of auditor. Tenure of office. (4) The Corporation shall keep separate accounts of 10 their receipts and expenditure in respect of their dealing with and manufacture and sale of waste products in connection with their slaughter-houses. 82. In all cases in which the Corporation keep separate accounts for separate purposes they shall so far 15 as reasonably practicable and in an equitable and reasonable manner apportion between those accounts or carry to any of them any receipts credits payments and liabilities which from time to time ought to be so apportioned or carried. 20 83.-(1) A Secretary of State shall after consultation with the Corporation appoint an auditor being a chartered accountant or a member of the Society of Incorporated Accountants and Auditors practising in Dundee for the purpose of auditing the accounts for the local financial 25 year ending fifteenth May one thousand nine hundred and twenty-nine and subsequent years and if during his tenure of office the office of auditor shall from any cause become vacant a Secretary of State shall after consultation with the Corporation appoint an auditor 30 to supply such vacancy for the remainder of the period for which the auditor vacating his office was appointed. (2) Section 52 (Appointment of auditor) of the Dundee Boundaries Act 1913; and Section 62 (Application of provisions of Dundee 35 Boundaries Act 1913 to water undertaking) of the Order of 1926 are hereby repealed. 84. Every auditor (except an auditor appointed to supply a casual vacancy) shall be appointed to hold office for five years from the date of his appointment and at 40 the end of that period shall be held to have vacated his office but a Secretary of State may upon sufficient cause shown and after consultation with the Corporation remove 5 Order Confirmation. any auditor from his office within the said period of five A.D. 1927. years. 85. Any auditor shall on the expiry of his term of Re-appointoffice be eligible for re-appointment. ment of auditor. 86. The fee to be paid to the auditor shall in the event Fee to of any dispute between the Corporation and the auditor auditor. be fixed by a Secretary of State on the application of either party. auditor. 87. Every auditor shall hold his office and perform Conditions 10 the duties thereof subject to such terms conditions and of appointinstructions as the Corporation may with the approval ment of of a Secretary of State prescribe and the Corporation shall submit the accounts together with their books and the proper vouchers in support of the same to the auditor 15 and shall give him every reasonable facility for carrying out the audit. before Cor 88. The yearly accounts as the same shall have been Accounts audited together with the auditor's confirmation thereof to be laid and special report thereon if any shall be laid before a 20 meeting of the Corporation to be held not later than the poration. fifteenth day of October in each year and the accounts shall if and as approved by the Corporation be signed by the lord provost or preses of such meeting the treasurer of the city and the town clerk and shall be deposited with 25 the city chamberlain. 30 35 40 89. The Corporation Corporation shall forthwith shall forthwith after the Accounts accounts have been deposited with the city chamber- to be open lain (a) cause the accounts or abstract thereof together for inspection. A.D. 1927. sheriff. Order Confirmation. 90. Any elector who shall be dissatisfied with any of the accounts or any item therein may not later Elector may than the thirty-first day of December complain against complain to the same by petition to the sheriff specifying the grounds of objection and the sheriff shall hear and 5 determine the matter of complaint and his decision shall be subject to the same right of appeal as in ordinary actions in the sheriff court Provided always that where the petition is dealt with in the first instance by the sheriff substitute there shall be an 10 appeal to the sheriff. Insurance fund. 91. (1) The Corporation may if they think fit (i) Risk of fire in respect of buildings works premises (iii) Risk of explosion in respect of boilers; (v) Risks of mechanical or electrical breakdown 35 (vi) Risks of loss due to infidelity of officials of (vii) Any other risks against which in the absence 40 1 Order Confirmation. (2) The establishment of an insurance fund under A.D. 1927. this section shall not prevent the Corporation from insuring in one or more insurance offices of good repute against the whole or any part of all or any of the 5 several risks for which the insurance fund is intended to provide or of continuing any non-statutory fund already in existence in connection with any department of the Corporation. (3) On the establishment of such insurance fund 10 the funds stock and securities of the gas accident fund and the electricity accident fund shall be transferred to and become part of the insurance fund and shall be subject to the provisions of this section The whole or any part of the funds stock and securities of the 15 accident funds of any other departments may also at any time in the discretion of the Corporation be transferred to and become part of the insurance fund and on such transfer such funds shall become part of the insurance fund and shall be subject to the 20 provisions of this section. 25 30 35 40 (4) In each year after the establishment of the insurance fund the Corporation shall pay into that fund either (a) such a sum as shall in their opinion be equal (b) if the Corporation partly insure in some insurance (5) When the insurance fund shall amount to one hundred and fifty thousand pounds the Corporation may if they think fit discontinue the yearly payments to the fund but if the fund is at any time reduced Order Confirmation. A.D. 1927. below one hundred and fifty thousand pounds the Corporation shall recommence and continue the yearly payments to that fund in accordance with subsection (4) of this section until the fund be restored to the sum of one hundred and fifty thousand pounds. 5 (6) The Corporation shall provide the yearly payments aforesaid by contributions from the assessment for general police purposes and other assessments and any of the undertakings and the common good of the Corporation and shall show the same in their accounts under the 10 separate heading or division in respect of the particular undertaking or department of the Corporation which if the risks were insured against in an insurance office would be properly chargeable with the payment of the premiums of such insurance. 15 (7) Except so far as the insurance fund and the proceeds of sale of securities in which that fund is invested may be required to meet losses damages costs and expenses in consequence of risks for which the fund is intended to provide all moneys for the 20 time being standing to the credit of the fund shall (subject to the provisions of this Order) be invested in statutory securities and the interest and annual proceeds arising from those securities shall be invested and accumulated until the fund amounts to the sum 25 of one hundred and fifty thousand pounds and when and so long as the fund amounts to that sum the interest and annual proceeds of the securities shall be carried to the credit of an assessment payable equally by owner and occupier. 30 (8) The insurance fund shall be applied to meet any losses damages costs or expenses sustained by the Corporation in consequence of risks for which it is intended to provide in the order of the dates on which such losses damages costs or expenses become 35 ascertained and if at any time and from time to time the insurance fund shall be insufficient to make good any such losses damages costs or expenses the Corporation may with the sanction of a Secretary of State borrow at interest under and subject to the 40 provisions of this Order such sums of money as will be necessary to make up the deficiency The amounts of the annual charges in respect of interest on and repayment of principal of any sums so borrowed and |
