Part IV Reorganisation of the Post Office

Supplementary provisions

C176 Accounts of the Secretary of State in relation to loans.

1

The Secretary of State shall, in respect of each financial year, prepare in such form and manner as the Treasury may direct, an account of—

a

sums issued to him under section 68(6),

b

sums received by him as mentioned in section 68(8), and

c

the disposal by him of the sums mentioned in paragraphs (a) and (b).

2

The Secretary of State shall send the account to the Comptroller and Auditor General not later than the end of the month of November in the following financial year.

3

The Comptroller and Auditor General shall—

a

examine, certify and report on the account, and

b

lay copies of it, together with his report, before each House of Parliament.