Clause 17

The Board shall keep proper accounts and other records of its own and shall prepare in respect of each financial year a statement of its accounts in a form approved by the Minister.

The accounts of the Board shall be audited by a qualified auditor appointed annually by the Board with the approval of the Minister and such auditor shall make a report on the accounts examined by him.

As soon as the accounts of the Board have been audited in accordance with subsection (2) of this section a copy of the statement of accounts together with a copy of any report made by the auditor shall be submitted to the Minister, who shall present to Parliament a copy of every such statement and report.