Objects vs. References
From REALbasicWiki
In general you do not work with objects directly, rather with references (also called pointers) to objects.
Example:
Dim d As Date
creates a reference to a not yet existing Date object, thus d is Nil.
Dim d As New Date
or
Dim d As Date d = New Date
creates a Date object somewhere in memory managed by the Runtime system and sets the reference d to the corresponding memory address.
