section 9
Annual examination of sinking fund
The Prince of Wales Museum Act, 1909Education191321 sections
Statutory text
The sinking fund established for the liquidation of any loan shall be subject to annual examination by the Accountant General, Bombay, who shall ascertain whether the cash and the value of the securities at the credit of the fund are actually equal to the amount which would have been accumulated, had investments been regularly made, and had the rate of interest as originally estimated been obtained thereon.
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