3. The development corporation shall make an interim report to the Secretary of State on the progress of the winding up–
(a)for the period commencing on 1st January 1994 and ending on 31st March 1994;
(b)for the period commencing on 1st April 1994 and ending on 31st March 1995; and
(c)for the period commencing on 1st April 1995 and ending on 31st March 1996,
and, in relation to each of the said periods, the development corporation shall submit the report to the Secretary of State by 30th June in the relevant year.