A Practical Guide to the Licensing Act 1904 And the Rules Made By the Home Sec
A Practical Guide to the Licensing Act 1904 And the Rules Made By the Home Sec
Edward William Beal
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61 (2), The most convenient period would be for the year ending the 10th October, on which date most of the excise licences expire. 76. The compensation authority are to appoint as auditor a professional accountant, approved by the Secretary of State, and to fix the remuneration, subject to the like approval. R. 62. A copy of the financial statement as audited and a copy of the auditor's report are to be sent to the Secretary of State. R. 64. Borrowing on compensa- tion fund. Borrowing by the C...ompensation Authority. 77. Quarter Sessions are empowered to borrow, with the consent of a Secretary of State and under rules to be made by him, upon the security of the compensation fund, the money to be replaced within fifteen years. Sect. 3 (5) and 6 (b), R. 65. Ijoans to be hy mortgage. FormH of mortgage. 78. Every loan is to be by way of mortgage of the com- pensation fund, signed by at least two members of the compensation authority, and by the treasurer, or if the treasurer is a bank, by the clerk.
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