section 77
Examination of sinking fund
The Tuticorin Port Trust Act, 1924Infrastructure1924119 of 119 sections available
Statutory text
The sinking fund established for the liquidation of any loans shall be subject to annual examination by the '[Accountant-General, Tamil Nadu], who shall ascertain whether the cash and the current value of the securities at the credit 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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