Interest on Purchase Money for failure to close
on agreed date
A complaint of this nature should not be submitted
to the Committee, but the parties should resolve such
questions with the assistance of their solicitors, so that
the contracts should be freely entered into. See Pro-
tective Building Contract in Opinions of the Council
on P. 19 of the 1967 Handbook.
Practice of builders of including contractual term
whereby disputes are to be referred to the arbi-
tration of the builder's own architect or his
nominee
Th e Committee considered this practice objection-
able, but felt it could not intervene directly. It should
be pointed out in the Gazette that the purchaser can
presumably refuse to execute the contract if this clause
is not amended.
Summer Meeting, 1976
It was decided to hold this Meeting in the Brandon
Hotel, Tralee, Co. Kerry, from 7th - 9th May, 1976.
Accountant for purposes of Solicitors' Accounts
Regulations, 1970
Mr. P. J. Connolly was appointed to this post.
24th July, 1975
Communications Course
Arrangements had been made with the Church of
Ireland Divinity Hostel, Dublin, to accommodate 12 -
14 solicitors who had volunteered.
County Council Housing Loans
It was decided that the Society should compile a
Register of Waivers. All present and future waivers
granted by the Council of the Society should then
be recorded in it.
Fee for taxation payable to Revenue Commis-
sioners
Solicitor opening a branch office above the office
of a Building Society
There would be no objection, provided there was a
separate entrance, that there was no internal com-
munication between the two offices, and that there
would be no question of sharing staff.
Book-keeping Examination Results
194 candidates had presented themselves for this
examination in June, and 157 had passed.
9th September, 1975
National Prices Commission Inquiry
Professor Lees outlined his terms of reference and
indicated that Professor M. O'Donoghue, T.C.D., and
Professor Bryan Carsberg, Dean of the Faculty of
Accountancy, Birmingham University, would be as-
sociated with him in the inquiry. He detailed his ap-
proach to the inquiry and expressed the hope that he
would be able to produce an interim report at least by
January, .1976. Professor Lees' terms of reference are
as follows: —
(1) to review the total income of solicitors and in-
creases in their total expenses since 1970 and, if
practicable, since 1965;
(2) to identify the ma i
n
classes of business and ex-
pense and to trace their behaviour in recent years;
(3) to determine to what extent there is "cross-subsidis-
ation" of one class of business by another;
(4) to consider "delays" in the legal system and parti-
cularly those associated with (a) Court Organisa-
tion and practice and (b) the Taxation of Costs;
(5) to comment on the scope for increased efficiency
among solicitors, for example:
(a) Amalgamations of Firms;
(b) the Introduction of Time Costing in preference
to scale fees;
(c) the elimination of Restrictive Practices;
(d) improvements in Education and Training;
(6) where practicable, to make comparisons with the
U.K.;
(7) in the light of the foregoing, to determine how
far the solicitors' present claim for an Increase in
Fees would be met.
See President's letter
re
Prices Commission on p.
251.
Th e Revenue Commissioners insisted this should
be payable by Bank draft. The solicitor concerned
should make arrangements with the Revenue Com-
missioners that his cheque would be acceptable in
future.
Examination Results:
Examination
First Irish
Second Irish
Preliminary
Candidates
242
76
177
Passed
233
73
93
Exemptions
7 2
254




