Exported Live Stock (Insurance) Act, 1940

Accounts and audit.

14.—(1) The Board shall, within one month after the expiration of the financial year ending on the 31st day of March, 1941, and within one month after the expiration of every subsequent financial year, prepare an account showing all payments into and disbursements from the Fund and all investments, sales of investments and other dealings with the Fund during the financial year to which such account relates.

(2) Every account prepared under this section shall, within one month after the preparation thereof, be audited by duly qualified auditors appointed for the purpose by the Board and the expenses of the audit of every such account shall be paid out of the Fund.

(3) The Secretary to the Board shall, as soon as may be after the completion of the audit of any account prepare under this section, and send to the Minister a copy, certified by the said secretary to be a true copy, of such account and of the auditors' report thereon.

(4) The secretary to the Board shall, upon the request of any person engaged in the live stock trade furnish to such person, without the payment by him of any premium or fee, a copy of any account prepared and audited under this section and of the auditors' report thereon.