Article 4 Final Accounts and reportF1I1

The Freight Corporation shall prepare a statement of the Holding Company's accounts for the period from the end of that dealt with in the last annual statement of accounts published by that Company down to the dissolution date.

The accounts so prepared by the Freight Corporation shall be audited by the persons who were the auditors of the Holding Company immediately before the dissolution date or by such other person or persons (being a member or members of a body referred to in section 24(2) of the Act of 1962) as the Secretary of State may appoint for the purpose.

So soon as the said accounts have been audited as aforesaid, the Freight Corporation shall send a copy of the statement of the accounts, together with a copy of the report made by the auditor or auditors on that statement, to the Secretary of State.

The Freight Corporation shall also make to the Secretary of State a report on the exercise and performance by the Holding Company of their functions during the period referred to in paragraph (1) above.

The Secretary of State shall lay before Parliament a copy of the statement of accounts of the Holding Company prepared as aforesaid and of the report made by the auditor or auditors thereon and also of the report made by the Freight Corporation under paragraph (4) above.