Clause 3

by deleting subsection (1) thereof and by substituting therefor the following: —“(1) The Board shall prepare in respect of each financial year ending on the 31st day of March a statement of account in a form approved by the Minister.(2) For the purposes of this Act, “financial year” means a period of twelve months ending on the 31st day of March in any year:Provided that for the year 1969 the financial year shall be deemed to mean the period of fifteen months commencing on the 1st day of January 1969 and ending on the 31st day of March 1970.(3) The statement of account referred to in subsection (1) of this section shall be audited by a qualified auditor to be appointed in respect of each financial year by the Minister, and the auditor shall make a report on the accounts examined by him.”;

by deleting the expression “(1)” appearing in subsections (2) and (3) thereof and substituting therefor in each case the expression “(3)”; and

by renumbering the existing subsections (2) and (3) thereof as subsections (4) and (5) respectively.