Sinking Fund Act, 1875

Annual account of income and expenditure.

4. The Treasury shall, within fifteen days after the expiration of every financial year, prepare an account of the public income and expenditure of the United Kingdom according to the actual receipt and issue of moneys on the Exchequer accounts at the Bank of England and the Bank of Ireland during the said financial year, and shall therein show either the surplus of such income or the excess of such expenditure during the said year:

Provided that issues made for the payment of expenses authorised by any Act other than the annual Appropriation Act, shall not, so far as moneys to meet such issues have been provided out of loans, be deemed for the purpose, of the said account to be part of such expenditure.

A copy of such account, certified by the Controller and Auditor General, shall be laid before the House of Commons within one month after the expiration of the financial year, if Parliament be then sitting or, if not sitting, within one week after the then next meeting of Parliament, and a copy of the account so certified shall also be sent to the National Debt Commissioners.