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Accounts of new and old sinking funds
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7. The National Debt Commissioners shall keep such accounts of the application of the old and new sinking funds of each financial year as the Treasury may from time to time direct, and those accounts shall, within one month after the expiration of each financial year, be submitted to the Controller and Auditor General in such form as the Treasury may from time to time direct, and forthwith audited by him.
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Before the expiration of two months after the expiration of the said financial year the Controller and Auditor General shall send the said accounts as audited by him to the Treasury, who shall forthwith lay the same before the House of Commons, accompanied by such particulars relating to the new and old sinking funds (to be furnished by the National Debt Commissioners), as the Treasury may from time to time direct.
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