Annual statements by trustees.

Civil1960160 sections7 chapters

Chapter V FINANCE

Statutory text

(1) The two trustees aforesaid shall, at the end of every financial year, transmit to the Chairman a . statement showing—
- (a) the amount which has been invested during the year under section 103,
- (b) the date of the last investment made previous to the trans- mission of the statement,
- (c) the aggregate amount of the securities held by them,
- (d) the aggregate amount which has, up to the date of the state- ment, been applied under section 104 in or towards repaying loans, and
- (e) the aggregate amount alredy paid into each sinking fund.
(2) Every such statement shall be laid before the Board and publi- shed in the Gazette.

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