Cap. 222 Art. 15Submission of statements by Bank.

(1) The Bank shall, not later than three months after the close of each financial year, submit to the Minister:

(a) a statement of the assets and liabilities of the Fund as on the last day of the financial year to which the statement relates;

(b) a statement of the position of the Account as on the day aforesaid;

(c) a statement of the amount of bonds outstanding on the day aforesaid, showing the bonds issued and repaid during the year; and

(d) a list of the securities and other investments held by the Fund as on the day aforesaid, showing in respect of each such security or investment and nominal value, the purchase price and the latest known market value thereof.

(2) The statements and the list aforesaid shall be duly signed for and on behalf of the Bank and shall be certified by the Auditor General.

(3) The Minister shall cause the statements and the list submitted to him under this article to be published in the Gazette not later than one month after he has received them.

(4) Nothing in the foregoing provisions of this article shall be construed as precluding the Minister from requiring the Bank to submit to him such further information and documents relating to bonds and to the management thereof as he may deem necessary or expedient.

(2) The matters to be specified under subarticle (1):

(a) the rate of interest payable on the bonds;

(b) the date of maturity of the bonds;

(c) the rate at which the bonds are repayable on maturity;

(d) the dates in each year on which the interest on the bonds is payable; and

(e) the commission payable on the sale of the bonds.