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Coal Industry Act 1971

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8Further provision as to annual accounts of the Board

(1)If the Secretary of State so directs in respect of any financial year of the Board, the Board's statement of accounts prepared by them under section 31(1) of the Act of 1946 shall be supplemented by consolidated accounts, in such form as may be specified in the direction, showing the state of affairs and profit and loss of the Board and such of its subsidiaries as are so specified.

(2)The Secretary of State may from time to time direct the Board to prepare statements of accounts, in such form as he may direct, showing the state of affairs and profit and loss of the Board's subsidiaries or such of them as are specified in the direction, including (if the Secretary of State so requires) consolidated accounts for any two or more specified subsidiaries; and section 31(2) to (4) of the Act of 1946 (which relate to the auditing of accounts and require accounts to be submitted to the Secretary of State and laid before Parliament) shall apply to accounts prepared in pursuance of a direction under this subsection as they apply to other accounts of the Board.

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