: Brink’s Canada Ltd and Reports... · London Good Delivery, Large Gold Bars said to be purity...

1

December 2, 2015

JOB REF : 15-336-1912

REPORTOF : AUDIT

Client : Net Transactions Ltd.

Material : 400 Tr. oz. Gold Bars

Works : Brink’s Canada Ltd –Canada Vault

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This is to certify that in connection with the above consignment, we have acted on the instructions

of Net Transactions Ltd, following the agreed procedures, and report the following:

Bar List Date : November 30, 2015

Commencing Date : December 1, 2015

Completion Date : December 1, 2015

Certification Date : December 2, 2015

Description of Material

London Good Delivery, 400 Tr. oz Gold Bars said to be purity 99.50% minimum, up to and

including 99.99%, owned by customers of Net Transactions Ltd.

Audit Procedure

All of the bars (22) held at the vault as at close of business, (COB) on November 30th

2015 were

check weighed, visually checked for the bar number, refiner code, and purity then reconciled with

Brink’s vault records.

Registered Bars:

Brand

Bar

Number Purity

Gross

Weight

Tr.Oz

Witnessed Gross Weight

Tr.Oz

Johnson Matthey 239563 0.9999 385.975 386.000

Anomalies: no anomalies were found.

Remarks

1. Total number of bars as at COB November 30, 2015 verified to be 22.

2. Total gross Gold weight as at COB November 30, 2015 said to be 8,872.287 Tr. Oz.

and fine weight said to be 8,861.948 Tr. Oz.

3. Bars audited showed no counting anomalies with supplied records.

4. The weight scale was provided by Brink’s Canada Ltd

Scale information:

Mark: Setra

Model: Setra Super II, S/N 2068269/2046331B

The scale was calibrated on December 1, 2015 with a 20kg certified test weight prior to the

audit.

2

For and on behalf of Inspectorate America Corporation

Joe Chapman Regional Manager / Audit Specialist The information contained in this report is deemed accurate only on the day of the audit.

This document cannot be reproduced except in its entirety, any unauthorized alteration of contents or appearance is prohibited by the Company.

Inspectorate America Corporation Tel.: +1-713-944-2000

Metals & Minerals Division Fax: +1-713-941-5542

12622 Hwy 3 www.inspectorate.com

Webster, Texas 77598

December 2, 2015

JOB REF : 15-336-1912

REPORT OF : AUDIT


Material : Silver Bars


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This is to certify that in connection with the above consignment, we have acted on the instructions of

Net Transactions Ltd, following the agreed procedures, and report the following:






London Good Delivery, Large Silver Bars said to be purity 99.50% minimum, up to and including

99.99%, owned by customers of Net Transactions Ltd.

Audit Procedure

A sample of 32 bars was selected from the 847 bars held at the vault as at close of business (COB) on

November 30, 2015.

The number of bars held on each selected pallet was checked and reconciled with Brink’s records.

One bar was selected at random from each pallet in the sample for detailed check (total 32 bars) which

comprised:

- check weighing

- visual inspection of each bar for the bar number, refiner code, and purity

- reconciliation with Brinks vault records.


Remarks

1. Total number of bars as at COB November 30, 2015 said to be 847 silver bars.

2. Total gross weight as at COB November 30, 2015 said to be 845,617.522 Tr. Oz.



Scale information:

Mark: Setra



audit.

When applicable inspection, weight determination, sampling, sample preparation and physical testing is carried out by the Company. Laboratory testing is carried out in approved

Inspectorate Group or approved subcontract laboratories. All services are rendered in accordance with the standard terms and conditions of the Company, available at

www.inspectorate.com. Unless specified otherwise, the responsibility for ensuring accuracy of reported results remains with the Company. This document cannot be reproduced except in its

entirety, any unauthorized alteration of contents or appearance is prohibited by the Company





For and on behalf of Inspectorate America Corporation


This document cannot be reproduced except in its entirety, any unauthorized alteration of contents or appearance is prohibited by the Company.





December 2, 2015

JOB REF : 15-336-1912

REPORTOF : AUDIT


Material : 1 Kg Gold Bars


= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

This is to certify that in connection with the above consignment, we have acted on the instructions of

Net Transactions Ltd, following the agreed procedures, and report the following:






London Good Delivery, 1 Kg Gold Bars said to be purity 99.50% minimum, up to and including

99.99%, owned by customers of Net Transactions Ltd.

Audit Procedure

All of the bars (14) held at the vault as at close of business, (COB) on November 30th

2015 were check

weighed, visually checked for the bar number, refiner code, and purity then reconciled with Brink’s

vault records.

Registered Bars: There were no registered bars


Remarks

1. Total number of bars as at COB November 30, 2015 verified to be 14.

2. Total gross Gold weight as at COB November 30, 2015 said to be 450.128 Tr. Oz. and fine

weight said to be 450.072 Tr. Oz.



Scale information:

Mark: Setra



audit. For and on behalf of

When applicable inspection, weight determination, sampling, sample preparation and physical testing is carried out by the Company. Laboratory testing is carried out in approved

Inspectorate Group or approved subcontract laboratories. All services are rendered in accordance with the standard terms and conditions of the Company, available at

www.inspectorate.com. Unless specified otherwise, the responsibility for ensuring accuracy of reported results remains with the Company. This document cannot be reproduced except in its

entirety, any unauthorized alteration of contents or appearance is prohibited by the Company





Inspectorate America Corporation


v Registered in England No. 638315

Registered Address 2 Perry Road, Witham, Essex CM8 3TU

All services are rendered in accordance with Inspectorate’s General Terms and Conditions of Business, available on request or at

www.inspectorate.com/terms_and_conditions/index.asp

Certified to ISO 9001:2008

Inspectorate International Limited 2 Perry Road, Witham Essex CM8 3TU T: +44(0) 1376 536800 F: +44(0) 1376 520819 E: [email protected] www.inspectorate.com

2nd December 2015

Job No. : 15007993 REPORT OF : AUDIT Client : Net Transactions Ltd. Material : Silver Bars Works : G4S International Logistics (Hong Kong) Ltd – Hong Kong Vault = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = This is to certify that in connection with the above consignment, we have acted on the instructions of Net Transactions Ltd, following the agreed procedures, and report the following: Bar List Date : 30th November 2015 Commencement Date : 1st December 2015 Completion Date : 1st December 2015 Certification Date : 2nd December 2015 Description of Material London Good Delivery, Large Silver Bars said to be purity 99.90% minimum, up to and including 99.99%, owned by customers of Net Transactions Ltd. Audit Procedure A sample of 38 pallets was selected from the 712 bars held at the vault as at close of business, (COB) on 30th November 2015. The number of bars held on each selected pallet was checked and reconciled with G4S’s records. One bar per pallet was selected at random from each pallet for detailed check (total 38 bars), which comprised: - Check weighing - Visual inspection of each bar for the bar number, refiner code, and purity - Reconciliation with G4S’s vault records. Anomalies: No anomalies were found. Remarks 1. Total number of bars as at COB 30th November 2015 said to be 712 silver bars. 2. Total gross weight as at COB 30th November 2015 said to be 699,875.781 Tr. Oz.

mailto:[email protected]

http://www.inspectorate.com/

v Registered in England No. 638315






3. Bars audited showed no counting anomalies with supplied records. 4. The weighing scale was provided by G4S International Logistics (Hong Kong) Ltd’s vault. Scale used:

- Sartorius - Capacity: 34kg - Readability: 0.1g - Serial no. 28607460 - Last calibration date: 09-10-2015.

For and on behalf of

INSPECTORATE INTERNATIONAL LIMITED

Paul Alston

7476p

200 pcs WC 388066

30 May 06 TONY

X X X X X



Registered in England No. 638315 Registered Address 2 Perry Road, Witham, Essex CM8 3TU

All services are rendered in accordance with Inspectorate’s General Terms and

Conditions of Business, available on request or at www.inspectorate.com/terms_and_conditions/index.asp



2nd

December 2015

JOB REF : 15007794

REPORT OF : AUDIT


Material : Gold Bars

Works : Loomis International Ltd - UK Vault

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

This is to certify that in connection with the above consignment, we have acted on the

instructions of Net Transactions Ltd, following the agreed procedures, and report the

following:

Bar List Date : 30th

November 2015

Commencing Date : 1st December 2015

Completion Date : 1st December 2015

Certification Date : 2nd

December 2015


London Good Delivery, Large Gold Bars said to be purity 99.50% minimum, up to and

including 99.99%, owned by customers of Net Transactions Ltd.

Audit Procedure All of the bars held at the vault as at close of business, (COB) on 30

th November 2015

were visually checked for the bar number, refiner code and purity and then reconciled

with Loomis’s vault records.

A random selection of 12 bars was made for check weighing plus all 5 registered bars

making a total of 17 bars.

Registered Bars

All the markings and gross weights for the following registered bars were confirmed to

be correct:



Registered in England No. 638315 Registered Address 2 Perry Road, Witham, Essex CM8 3TU

All services are rendered in accordance with Inspectorate’s General Terms and

Conditions of Business, available on request or at www.inspectorate.com/terms_and_conditions/index.asp



Bar Refiner Serial

Number Assay

Gross

Weight

Tr Oz

Fine

Weight

Tr Oz

ARGOR HERAEUS 111814 0.9972 403.150 402.021

ARGOR HERAEUS 115559 0.9969 402.800 401.551

RAND REFINERY LTD UJ 7052 0.9979 400.700 399.858

RAND REFINERY LTD UJ 9257 0.9970 400.200 398.999

JOHNSON MATTHEY CANADA 114019 0.9999 428.700 428.657

Anomalies No anomalies were discovered during the audit.

Remarks

1. Total number of bars as at COB 30th

November 2015 verified to be 382.

2. Total gross weight as at COB 30th

November 2015 said to be 154,308.950

Tr.Oz and fine weight said to be 154,015.873 Tr. Oz. 1 bar, Bar No. 82151.13,

gross weight 396.975 and fine weight 395.704 Tr. Oz. was removed from the

account during 30th

November. This was recorded in the Custodian’s

records.

3. Of the 17 bars selected for weighing, which included all 5 registered bars plus

12 randomly selected bars, all were found to be correct as per Loomis’s vault

records.

4. Scale used:

- Sartorius

- 450 Tr. Oz. x 0.001 Tr. Oz

- Serial no. 26002355

- Last calibration date: 18/09/15.



Paul Alston



Registered in England No. 638315






30th

November 2015

JOB REFERENCE : 15007878

REPORT OF : AUDIT


Material : Gold Bars

Works : Rhenus Freight Logistics AG - Zurich Vault

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This is to certify that in connection with the above consignment, we have acted on the

instructions of Net Transactions Ltd, following the agreed procedures, and report the

following:

Bar List Date : 27th

November 2015

Commencing Date : 30th

November 2015

Completion Date : 30th

November 2015

Certification Date : 30th

November 2015


London Good Delivery, Gold Standard Bars said to be purity 99.52% minimum, up to

and including 99.99% and 1Kg Gold Bars, purity 99.99% owned by customers of Net

Transactions Ltd

Audit Procedure All of the 32 standard gold bars and 7 1Kg gold bars held at the vault as at close of

business, (COB) on 27th

November 2015 were visually checked for the bar number,

refiner code and purity and then reconciled with Rhenus vault records.

All 32 standard bars, including 19 registered bars were check weighed, along with 7

1Kg gold bars

Registered bars (audited):

Brand Bar Number Purity Gross

Weight Tr. Oz

JM CANADA 121829 0.9998 408.574

JOHNSON MATTHEY 121827 0.9998 408.975

JOHNSON MATTHEY 121831 0.9998 410.925

JOHNSON MATTHEY 207597 0.9997 421.150

METALOR 988029 0.9999 399.595

PAMP A0851.06.01 0.9998 410.359

PAMP A0851.11.08 0.9990 392.757

PAMP A0851.11.11 0.9990 386.908

PAMP A0851.12.01 0.9952 406.961

PAMP A0851.12.02 0.9952 407.787

PAMP A0825.02.03 0.9998 412.922

PAMP A0825.02.10 0.9998 409.781

PAMP A0825.03.03 0.9997 390.812









PAMP A0825.03.07 0.9997 390.095

PAMP A0825.03.09 0.9997 400.872

PAMP A0825.04.03 0.9998 396.116

RAND REFINERY CC6059 0.9964 405.611

VALCAMBI AA41284 0.9957 405.931

VALCAMBI AA38215 0.9968 412.494

1Kg Gold Bars (audited):

Brand Bar Number Purity Gross

Weight Tr. Oz

Fine Weight Tr. Oz

ARGOR HERAEUS T09631 0.9999 32.152 32.148

ARGOR HERAEUS T09632 0.9999 32.152 32.148

ARGOR HERAEUS T09633 0.9999 32.152 32.148

ARGOR HERAEUS T09634 0.9999 32.152 32.148

ARGOR HERAEUS X35518 0.9999 32.152 32.148

ARGOR HERAEUS X35520 0.9999 32.152 32.148

ARGOR HERAEUS X35521 0.9999 32.152 32.148

All 7 1Kg gold bars had a gross weight of 32.150 Tr. Oz.

Anomalies: A small number of minor weight differences were identified with standard gold bars,

all of which were within LMBA’s defined tolerance levels.

Remarks

1. Total number of standard gold bars as at COB 27th

November 2015

verified to be 32.

2. Total gross weight of standard gold bars as at COB 27th

November

2015 said to be 12,870.370 Tr. Oz. and fine weight said to be

12,853.387 Tr. Oz.

3. Total number of 1Kg gold bars as at COB 27th

November 2015

verified to be 7.

4. Total gross weight of 1Kg bars as at COB 27th

November 2015 said to

be 225.064 Tr. Oz. and fine weight said to be 225.036 Tr. Oz.


6. Scale used: Electronic top loading balance Mettler Toledo XS16001L,

serial No. B311122073, having display. The weight data: Max 16.1 kg or

16,100 g and d = 0.1 g. Balance was checked before bars weighing. Last

official calibration dated 27.08.2014 as per producer’s certificate and

control label attached on the balance.











Paul Alston



: Brink’s Canada Ltd and Reports... · London Good Delivery, Large Gold Bars said to be purity...

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