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Problems of 2 NZEF

Regimental Funds Account

Regimental Funds Account

(12) The CO of the Unit is responsible for the proper application of Regimental Funds. He may delegate the responsibility for recording transactions and for the general management of the funds to a subordinate officer or to a Unit Committee. Such delegation however will not relieve the CO of his responsibility for the proper administration and use of the funds.

(13) When a change of duty occurs, and the exigencies of the Service permit, the Offr ic Regimental Funds will write up his accounts to the date of the change, will sign the cash book and will obtain from the incoming officer ic Regimental Funds a receipt for the cash, equipment and books, etc., handed over. The same procedure will be followed when there is a change of CO.

(14) In the event of Regimental Funds Accounts, records, stock, equipment or cash being lost through enemy action or any other cause Commanding Officers will, when necessary, convene Courts of Enquiry to determine the facts. The findings of such Courts of Enquiry will be submitted to the appropriate HQ (i.e., HQ 2 NZEF, HQ 2 NZ Div, or HQ NZ Maadi Camp) for any action that may be necessary. A copy of the findings will be forwarded by the HQ concerned to the Audit Branch 2 NZEF for reference and retention.

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(15) Advances to Unit Canteens from Regimental Funds, in order to purchase initial stocks, must be repaid as quickly as possible from Canteen profits as they accrue, thus minimising the risk of Regimental Funds suffering if canteen stocks or cash are lost through any cause.