# The Scottish Milk Marketing Board (Residual Functions) Regulations 1994, Regulation 23: Accounts


Section 39 of the marketing scheme is preserved, subject to the modification that–
(a) in subsection (1)–
(i) after the words “cause to be kept” there shall be inserted the words “, for every accounting period,”; and
(ii) after the words “commercial activities” there shall be inserted the words “in the final trading period”;
(b) in subsection (2) after the words “its commercial activities” there shall be inserted the words “in respect of the final trading period”;
(c) in subsection (3)–
(i) the words from “for the fund established” to “in respect of the Board’s commercial activities.” shall be omitted;
(ii) after the words “Expenditure Account” there shall be inserted the words “and a Cash Flow Statement”; and
(iii) after the words “commercial activities”, there shall be inserted the words “in the final trading period”;
(d) in subsection (5) for the words “workings of the Scheme” there shall be substituted the words “workings of the marketing scheme and after Vesting Day for the discharge of their functions”; and
(e) in subsection (7)–
(i) for the words “the Board’s commercial activities” there shall be substituted the words “any of the Board’s activities”; and
(ii) the words “of sections 16 and 26(3) of the Scheme,” shall be omitted.

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Source: https://www.legislation.gov.uk/uksi/1994/2591/regulation/23 (the official version)
Page: https://openlegislation.uk/scottish-milk-marketing-board-residual-functions-regulations-1994/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.