to in 2.2 in the estate trust banking account were not honoured subsequently appear to agent’s be satisfactory; 2.4 the system employed when transferring amounts from such estate trust banking agent’s account to his business account appears to ensure that, on each occasion any such transfer is made. the balance remaining to the credit of such trust banking account and any savings or other interest-bearing account referred to in section 32(2)(a) of the Act, together with any trust moneys held in cash on hand, amounts to not less than the trust balances; 2.5 interest, after deduction of 50 per cent thereof in terms of Government Notice R. 1415 of 3 July 1981, amounting to R on moneys invested in terms of section 32(2)(a) of the Act has been promptly and regularly paid to the Estate Agents Fidelity Fund or as otherwise provided in the express terms of written mandates exhibited to us, as the case may be. *3. We have confirmed that the above Company/ Undertaking has taken out an Employers Fidelity Guarantee Policy No. in terms of section 26(b) of the Act, with (name of Insurance company) for insurance cover up to an amount of R and that the policy has been renewed for a period of months ending on the day of 19 * Delete paragraph if provisions of section 26(b) do not apply. Auditors Address Telephone Number
to in 2.2 in the estate agent’s trust banking account were not honoured subsequently appear to be satisfactory; 2.4 the system employed when transferring amounts from such estate agent’s trust banking account to his business account appears to ensure that, on each occasion any such transfer is made. the balance remaining to the credit of such trust banking account and any savings or other interest-bearing account referred to in section 32(2)(a) of the Act, together with any trust moneys held in cash on hand, amounts to not less than the trust balances; 2.5 interest, after deduction of 50 per cent thereof in terms of Government Notice R. 1415 of 3 July 1981, amounting to R on moneys invested in terms of section 32(2)(a) of the Act has been promptly and regularly paid to the Estate Agents Fidelity Fund or as otherwise provided in the express terms of written mandates exhibited to us, as the case may be. *3. We have confirmed that the above Company/ Undertaking has taken out an Employers Fidelity Guarantee Policy No. in terms of section 26(b) of the Act, with (name of Insurance company) for insurance cover up to an amount of R and that the policy has been renewed for a period of months ending on the day of 19 * Delete paragraph if provisions of section 26(b) do not apply. Auditors Address Telephone Number
1977---regulations-relating-to-trust-account-of-an-estate-agent-and-investment-of-trust-moneys-2-340466a215.docx