Section 13 Accounts of the Board etc.

The Board shall keep proper accounts and other records in relation to the accounts and shall prepare in respect of each of their financial years a statement of account in such form as the Secretary of State may, with the approval of the Treasury, determine.

The statement of account prepared by the Board for each financial year shall be submitted to the Secretary of State at such time as he may, with the approval of the Treasury, direct.

The Secretary of State shall, on or before 30th November in any year, transmit to the Comptroller and Auditor General the statement of account prepared by the Board under this section for the financial year last ended.

The Comptroller and Auditor General shall examine and certify the statement of account transmitted to him under this section and lay before Parliament copies of the statement of account together with his report thereon.

The Board shall provide the Secretary of State with such information relating to their activities or proposed activities as he may from time to time require, and for that purpose shall permit any person authorised in that behalf by the Secretary of State to inspect and make copies of their accounts, books, documents or papers and shall afford to that person such explanation thereof as he may reasonably require.

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In this section, “financial year” means the period beginning with the commencement of this Act and ending with 31st March 1966, and each subsequent period of twelve months ending with 31st March.