Paragraph 8 F1

Scotland

(1)

The Board shall keep proper accounts and proper records in relation to them.

(2)

The Board shall prepare, in accordance with best commercial practice, a statement of accounts in respect of each financial year.

(3)

The statement shall comply with any directions given by the Secretary of State F2. . .as to the information to be contained in the statement, the manner in which the information is to be presented or the methods and principles according to which the statement is to be prepared.

(4)

The Board shall send the statement to the Secretary of State at such time as he may direct.

(5)

The Secretary of State shall, F3. . ., send to the F4Auditor General F5for auditing for Scotland the statement prepared by the Board under sub-paragraph (2) for the financial year last ended.

F6(6)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)

In this paragraph “financial year” means the period of 12 months ending with 31st March each year.

Annotations

Textual amendments

F1: Ss. 5, 9, Sch.(as originally enacted) repealed by Statute Law Revision Act 1927 (c.42)
F2: Words in Sch. para. 8(3) omitted (1.7.1999) by S.I. 1999/1820, art. 4, Sch. 2 Pt. I para. 10(c), Pt. IV; S.I. 1998/3178, art. 3
F3: Words in Sch. para. 8(5) repealed (1.4.2000) by 2000 asp 1, s. 26, Sch. 4 para. 1(a); S.S.I. 2000/10, art. 2(3)
F4: Words in Sch. para. 8(5) substituted (1.7.1999) by S.I. 1999/1820, art. 4, Sch. 2 Pt. I para. 10(d); S.I. 1998/3178, art. 3
F5: Words in Sch. para. 8(5) inserted (1.4.2000) by 2000 asp 1, s. 26, Sch. 4 para. 1(a); S.S.I. 2000/10, art. 2(3)
F6: Sch. para. 8(6) repealed (1.4.2000) by 2000 asp 1, s. 26, Sch. 4 para. 1(b); S.S.I. 2000/10, art. 2(3)