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- Point in Time (01/05/1996)
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Version Superseded: 01/01/2001
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(1)Every Diocesan Board of Finance shall open and thereafter keep—
(a)an account of the income of the Board arising from the diocesan glebe land of the diocese during the period to which the account relates and of the expenditure incurred by the Board during that period in meeting the recurring outgoings attributable to that land and the expenses of managing it; and
(b)an account of the periodical or other payments for or in respect of mines and minerals vested in the Board as part of the diocesan glebe land of the diocese, other than surface rents, received by the Board during the period to which the account relates and of the expenditure incurred by the Board during that period in respect of fees or other charges for services rendered in connection with the searching for, working and getting of such mines and minerals.
(2)The references in subsection (1) above to the period to which an account relates shall be construed as references to the period of a year or such other period, if any, as the Commissioners may from time to time specify, and the date on which for the purposes of that subsection any period begins shall be that specified by the Commissioners.
(3)Every Diocesan Board of Finance shall transmit to the Commissioners annually a copy of each of the accounts referred to in subsection (1) above duly audited together with a return containing particulars of such of the matters to which the accounts relate as the Commissioners may prescribe.
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