6
in amount, by way of a percentage of each such account as at the previous 31st of August to be credited or debited thereto, as the case may be, according to the proportion which such account bears to the total sum comprised during | the year ending such 31st of August of the following—
(a) the income of the fund after providing for any expenses and for the percentage, if any, contribut- ed to the reserve fund in accordance with the provisions of rule 11;
(b) any credit being the excess available under the provisions of sub-rule (3) of rule 11, to the extent that the board elect to distribute the same; and (c) any debit sum being the excess which cannot be borne by the reserve fund under the provisions of sub-rule (2) of rule 11.".
Rule 13 of the principal rules is amended-
Amendment
11.
of rule 13.
(a)
in sub-role (1)—
(i) by the deletion of paragraph (4); and
(ii) by the deletion of the words "For the purposes of this rule
to the end of the paragraph;
T
(6) în sub-rule (2)–—–—–
(i) in paragraph (a) by the insertion after the words "retire or resign" of the following-
"other than upon appointment to another grant school ar to a subsidized school'';
(ii) in paragraph (5) by the deletion of the words "after either more or less than 10 years' continuous contributory service"; and
(ii) by the deletion of the proviso; and
(c) by the deletion of sub-rule (3) and the substitution therefor of
the following-
"(3) Notwithstanding anything contained in this rule, the Director may, in his discretion and subject to such terms and conditions as he may think fit, direct upon the application of any contributor that such contributor's account shall not be closed in accordance with the provi- sions of this rule and payment made to him in accordance with the provisions of rule 14 but that such contributor's account shall be kept open notwithstanding that such contributor ceases to contribute thereto in accordance with the provisions of rule 8 and Government ceases to donate thereto in accordance with the provisions of rule 9:
7
Provided that no period during which such contribu- tor's account is kept open pursuant to the provisions of this sub-rule shall be reckoned towards completion by him of the qualifying period of ten years continuous contributory service except where such contributor ceases to draw basic salary as a teacher in a grant school by reason only of study leave, sick leave or maternity leave approved by the Director.
(4) For the purposes of this rule, where any contribu- for commences contributory service on a day other than the first day of any month, such contributor shall be deemed to have completed ten years contributory service on the last day of the month immediately preceding the expiration of ten years.".
12. Rule 15 of the principal rules is revoked.
Revocation of rule 15.
13. Rule 16 of the principal rules is revoked and replaced by the Revocation following-
"Artoumis.
16. (1) The treasurer shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of twelve months ending the 31st day of August in each year a statement of the accounts of the fund, which statement shall include an income and expenditure account and a balance sheet and shall be signed by the chairman and the treasurer,
(2) The accounts of the fund and the signed statement of the accounts shall be audited by an auditor appointed by the Governor who shall certify the statement subject to such report, if any, as he may think fit.
(3) A copy of the signed and audited statement of accounts together with the auditor's report, if any, shall be placed before the board at the annual general meeting of the board next following the expiration of the period covered by such statement, and thereafter be submitted to the Colonial Secretary for the information of the Governor.". 14. Rule 17 of the principal rules is revoked.
and re- placement of rule 16.
Revocation of rule 17.
15. The principal rules are amended by the addition after rule 19 Addition of of the following new rule-
*Transfer
of Leachers from grant schools to subsidized
schools and vice versa.
20. (1) In any case in which a teacher employed in any grant school after the commencement of these rules terminates his employment in such grant school and com- mences employment in a subsidized school, without break in teaching service otherwise than such break as the
new rule 20.