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Accounts to be kept by railways liable to revision or purchase.
Copies to be sent to Treasury.
Treasury may appoint persons to inspect accounts.
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5. From and after the commencement of the period of three years next preceding the period at which the option of revision or purchase becomes available full and true accounts shall be kept of all sums of money received and paid on account of any railway within the provisions herein-before contained, (distinguishing, if the said railway shall be a branch railway of one worked in common with other railways, the receipts, and giving an estimate of the expences on account of the said railway, from those on account of the trunk, line, or other railways,) by the directors of the company to whom such railway belongs or by whom the same may be worked; and every such railway company shall once in every half year during the said period of three years cause a half-yearly account in abstract to be prepared, showing the total receipt and expenditure on account of the said railway for the half year ending the thirtieth day of June and the thirty-first day of December respectively, or such other convenient days as shall in each case be directed by the said lords commissioners, under distinct heads of receipt and expenditure, with a statement of the balance of such account, duly audited and certified under the hands of two or more directors of the said railway company, and shall send a copy of the said account to the said lords commissioners on or before the last days of August and February respectively, or such other days as shall in each case be directed by the said lords commissioners, in each year; and it shall be lawful for the said lords commissioners, if and when they shall think fit, to appoint any proper person or persons to inspect the accounts and books of the said company during the said period of three years; and it shall be lawful for any person so authorized, at all reasonable times, upon producing his authority, to examine the books, accounts, vouchers, and other documents of the company at the principal office or place of business of the company, and to take copies or extracts therefrom.
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