A sinking fund or any part thereof shall be applied in or towards theApplication of

by Commissioner.

1. (a) the amount which has been invested during the year under section 155;

payment.

money borrowed from Government. Power to make regulations.

Property vested

in Corporation and management of public institutions.

MUNICIPAL CORPORATION[1994 : Hr. Act 16

1. (b) the date of the last investment made previous to the

submission of the statement;

1. (c) the aggregate amount of the securities then in his hand; and
2. (d) the aggregate amount which has up to the date of the statement been applied under section 156, in or towards discharging loans.

1. (2) A copy of every such statement shall also be submitted to the