Singapore legislation

Section 16

of Silver Jubilee Fund (Singapore) Act

Section 16

Accounts to be kept and audited

(1)

The treasurer of the Committee shall keep the accounts of the moneys received by the Committee which shall be audited at regular half yearly intervals by an auditor who shall be appointed by the trustees and may in like manner be removed.

(2)

It shall be lawful for the Committee to direct the payment to any auditor so duly appointed and to the treasurer and also to the secretary (not being a member or members of the Committee) of such remuneration as the trustees may approve.

(3)

A statement of the receipts and expenditure showing the totals for each month separately shall be published in the Gazette after audit.