261 / 364
As from the 1st October 1966 the amount of
the costs of the varying proceedings in the District
Court will be increased by the amount of the
increase in the summons servers fees.
SOLICITORS' ACCOUNTS
(AMENDMENT)
REGULATIONS, 1966
Members please note
that these Regulations
were required as a result of the passing of the
National Bank Transfer Act, 1966, and the statu
tory substitution of the National Bank of Ireland
Limited for the National Bank Limited as one of
the associated branches of the Central Bank Act,
1942. The Statutory Instrument (No. 75 of 1966)
is available from
the Government Publications
Sales Office, G.P.O. Arcade, Dublin, or through
any bookseller.
SOLICITORS' ACCOUNTS
(AMENDMENT
No. 2)
REGULATIONS 1966
S.I. No. 193 of 1966
1.
(1) These regulations may be cited as the
Solicitors' Accounts (Amendment No. 2) Regu
lations 1966 and shall be read together with the
Solicitors' Accounts Regulations 1955
(S.I. No.
218 of 1955), the Solicitors' Accounts Regulations
1956 (S.I. No. 308 of 1956), the Solicitors' Ac
counts (Amendment) Regulations 1958 (S.I. No.
193 of 1958), the Solicitors' Accounts (Amend
ment) Regulations 1961
(S.I. No. 51 of 1961),
the Solicitors' Accounts (Amendment) Regulations
1965 (S.I. No. 163 of 1965), and the Solicitors'
Accounts
(Amendment) Regulations 1966
(S.I.
No. 75 of 1966), which may be cited collectively
with these regulations as the Solicitors' Accounts
Regulations 1955 to 1966.
(2) In
these
regulations
unless
the
context
otherwise requires :
"accountant's certificate" has the meaning given
to it by paragraph 2 (2) of these regulations;
"accounting period" means the period of one
year ending on the balancing date;
"balancing date" means the date in each year
on which a solicitor's books are balanced and
which is notified to the society pursuant to para
graph 2 (1) of these regulations.
(3) The Interpretation Act, 1937, applies
to
these regulations in the same manner as it applies
to an Act of the Oireachtas except in so far as it
may be inconsistent with the Solicitors Acts 1954
and 1960 or with these regulations.
(4) These regulations shall come into operation
on the 10th day of February 1967.
2. (1) Every solicitor to whom these regulations
apply shall balance his books at least once in each
practice year. The balancing date (or, where the
books are balanced more than once in each year,
one of such balancing dates) shall be a fixed date
in each practice year and the solicitor shall, within
three months from the date on which these regu
lations apply to him, notify the society of such
date. The balancing date shall also be stated in
the annual declaration made by a solicitor for the
purpose of obtaining a practising certificate.
(2) Every solicitor to whom these regulations
apply shall deliver to the society within six months
of the balancing date in each practice year, or
within such further period as the society may per
mit, a certificate by an accountant
(in
these
regulations referred to as an accountant's certi
ficate) in either Form A or Form B in the schedule
hereto, or in such other form as may be approved
by the society, in respect of the accounting period.
3. In order to enable him to issue an accoun
tant's certificate in Form A in respect of a solicitor
an accountant shall not normally be required to
do more than :
(a) make a general
test examination of
the
books of account of the solicitor;
(b) satisfy himself that a client account, and
where appropriate, a trust bank account,
is
kept;
(c) make a general test examination of the bank
pass books, bank statements and deposit receipts
kept in relation to the practice;
(d) make a comparison, as of not fewer than
two dates not less than three months apart, in the
period covered by the accountant's certificate
and selected by the accountant, between
the
liabilities of the solicitor to his clients as shown
by the books of account and the balance, stand
ing to the credit of the client account and
where appropriate, the trust bank account and
satisfy himself that such balance or balances
are not less than the total of the sums required
to be kept on client account or trust bank
account in accordance with the Solicitors' Ac
count Regulations in operation for the time
being;
(e) obtain such information and explanations as
he may require arising out of such examination.
4. In order to enable him to issue an accoun
tant's certificate in Form B an accountant shall
make such audit, inquiry and investigation of the
books, accounts and documents of the solicitor or
his firm as will enable him to issue the certificate.
5. An accountant's certificate shall not be re
quired in the case of:
43