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1921-22, No. 40.—The Insurance Companies' Deposits Act, 1921-22.—This Act repeals the Foreign Insurance Companies' Deposits Act, 1908, and provides for the lodging of deposits by all companies (whether British or foreign) other than New Zealand companies carrying on in New Zealand the business of insurance against fire, accident, and employers' liability. Part lof this Act provides for deposits by companies already established and carrying on insurance business in New Zealand, and Part II for deposits by companies proposing to commence insurance business in New Zealand. The amounts of the deposits for companies coming within Part 1 arc fixed by the First and Second Schedules. Section 5 fixes the amounts of the deposits to be paid by companies coming within Part 11. The deposits required to be, made by British companies are smaller than those required from foreign companies. 1921-22, No. 41.—The Life Insurance Amendment Act, 1921-22.—This Act amends the Life Insurance Act, 1908. Section 2 makes new provisions with regard to tin; lodging of deposits by lifeinsurance companies. Section 3 makes special provisions as to policies effected on the lives of children, and authorizes insurance companies returning, on the death of a child, the premiums received on any policy. 1921-22, No. 42. —The Factories Act, 1921-22. —This Act is a consolidation, with amendments, of the Factories Act, 1908, and the other enactments mentioned in the Third Schedule to this Act. It comes into force on the Ist April, f922. 1921-22, No. 43.—The Forests Act, 1921-22.—This Act repeals the State Forests Act, 1908, and the other enactments mentioned in the schedule to this Act, as from Ist April, 1922. While consolidating the present law, this Act not only reconstructs its form but makes many new provisions with respect to forests. It, is divided into Parts as follows: Part I, Administration; Part 11, State Forests; Part 111, Licenses, Leases, and Permits; Part IV, Financial Provisions ; Part V, Offences, Penalties, and Incidental Provisions , Part VI, Maori Forests , Part VII, Miscellaneous. Part I (Administration): Section 5 constitutes the State Forest Service, which is divided into two branches —the Professional Branch (under the Director of Forestry) and the Administrative Branch (under the Secretary of Forestry). The duties of the two branches will be determined by the Ministerial head, the Commissioner of State Forests. The functions of the State Forest Service are set out in section 6. Sections 7 to 13 make provisions with regard to the officers of the Forest Service. Section 14 establishes a Forest Advisory Board, consisting of the Director and the Secretary of Forestry, and representatives of various bodies directly interested in forestry —employers and workers in the sawmilling industry, distributors of forest produce, societies whose object is the promotion of forestry, and the Counties Association. Part II (State Forests) : Sections 18 to 22 deal with the setting-apart of lands as permanent or provisional State forests. Section 23 empowers the Minister to carry on industries in relation to forest produce. Sections 25 and 26 deal with the preparation of forest maps and working plans. Section 27 provides for the constitution of fire districts for the protection of State forests. Part 111 (Licenses, Leases, and Permits): This Part provides for the granting of licenses and other rights over State forests, notably licenses to take forest produce, leases (for terms not exceeding twenty-five years) of forest lands for grazing purposes, and permits for temporary occupation of forest lands. Section 30 provides for the payment of royalties and fees in respect of licenses. By section 35 the. granting of timber-cutting rights under other Acts is restricted. Part IV (Financial Provisions) : Section 36 establishes the State Forests Account, into which the moneys speciliorl in section 37 are to be paid. Section 38 specifies the purposes for which moneys may be paid out of the State Forests Account. By section 39 it is provided that revenue from national endowment comprised in State forests shall be paid into the State Forests Account. Section 40 empowers I he Minister of Finance to borrow under the New Zealand. Loans Act, 1908, a sum not exceeding £500,000 for the acquisition of lands for, and the establishment and maintenance of, State forests. Part V (Offences, Penalties, and Incidental Provisions) : This Part defines various offences and prescribes penalties therefor, and, inter alia, authorizes the seizure of forest produce in certain cases. Part VI (Maori Forests) : This Part contains special provisions with regard to Maori forests. Section 59 empowers the assembled owners of Native land, by resolution, to transfer the control of such land to the State Forest Service. Part VII (Miscellaneous) : The principal provision in this Part is section 63, which gives the Governor-General wide powers of making regulations. 1921-22, No. 44.-The Anzac Day Amendment Act, 1921-22.—The effect of this amendment of the Anzac Day Act, 1920, is to provide that Anzac Day shall be in all respects as if it were a Sunday. 1921-22, No.-45.—The Public Expenditure Adjustment Act, 1921-22.—The object of this Act is to effect a saving in public expenditure by reducing the salaries or wages of all persons k with the exception of those mentioned in section 3) in the service of the Crown. The principal exceptions are the Governor-General, the Judges of the Supreme Court, the Judge of the Court of Arbitration, and the High Commissioner for New Zealand. By section 4 the salaries and honoraria of Ministers and members of Parliament are reduced by 10 per cent. With regard to public servants, the decline in the cost, of living was taken as the basis of the adjustment, which operates on the increased rates of remuneration granted by way of bonus or salary increases at various times since the Ist April, 1916, to meet the increase in the cost of living due to the war with Germany. The first reduction dates from the Ist January, 1922, and by section 7 further reductions may be made in certain cases on the Ist July, 1922, and the Ist lanuary, 1923. It is provided by section 9 that the graduated reductions shall not operate so as to reduce the salary of any officer