(1) The Chief Municipal Executive Officer/ Municipal Executive Officer Annual statement.

shall, at the end of every year, prepare, and submit to the Municipality, an annual statement showing —

1. (a) the amount which has been paid into the Sinking fund or Sinking Funds during the year under section 1 12,
2. (b) the date of the last investment made during the year,
3. (c) the aggregate amount of the securities in the hand of the Municipality at the end of the year, and
4. (d) the aggregate amount which has been applied for the purpose of repayment of the loan under section 115.

1. (2) A copy of every such annual statement shall be submitted to the State Government by the Chief Municipal Executive Officer Municipal Executive Officer.