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Uniform accounts, &c. to be kept.
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3. Every incorporated company, seven days at least before each ordinary half-yearly meeting, shall prepare and print, according to the forms contained in the first schedule to this Act, a statement of accounts and balance sheet for the last preceding half-year, and the other statements and certificates required by the same schedule, and an estimate of the proposed expenditure out of capital for the next ensuing half year, and such statement of accounts and balance sheet shall be the statement of accounts and balance sheet which are submitted to the auditors of the company. Every company which makes default in complying with this section shall be liable to a penalty not exceeding five pounds for every day during which such default continues. The Board of Trade, with the consent of a company, may alter the said forms as regards such company, for the purpose of adapting them to the circumstances of such company, or of better carrying into effect the objects of this section.
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