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For the Purpose or ascertaining net Profits, Railway Company to keep separate Accounts relating to Line between Athlone and Galway.
Accounts to be audited.
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XI. And be it enacted, That for the Purpose of ascertaining the Amount of net Profits (if any) of the whole or any Portion of the said Railway from Athlone to Galway the said Railway Company shall from Time to Time, and at all Times so long as any Principal Monies shall remain unpaid in respect of any Securities to be given to the said Public Works Loan Commissioners as aforesaid, keep the Accounts of the Receipts and Expenditure relating to the whole or any Portion of the Railway between Athlone and Galway, and all Matters connected therewith, separate and distinct from the Accounts of all other Receipts and Expenditure by the said Railway Company, such Accounts to be kept an such Manner and Form as such Auditor or Auditors shall from Time to Time direct; and that the said Company shall after any such Advances, and within One Calendar Month after the Thirtieth Day of June and the Thirty-first Day of December in every Year, make out or cause to be made out and rendered to the said Auditor or Auditors a full, true, and distinct Account of all the Receipts and Expenditure for the then preceding Half Year of and relating to the said Railway from Athlone to Galway, and every Part thereof, which Account the said Auditor or Auditors shall and he or they is or are hereby authorized and empowered to examine with the Documents or Vouchers evidencing the same (which Documents and Vouchers, and all Books, Papers, and Accounts in the Custody or Control of the said Railway Company relating to the Business of the said Company, shall, upon the Request of the said Auditor or Auditors to that Effect, be forthwith produced by the said Company to him or them, who shall be at liberty to examine the same); and for the Purpose of judging of the Accuracy of such Account such Auditor or Auditors shall and may and he and they is and are hereby empowered to examine all other the Accounts of the said Company relating to the other Parts of the said Railway or Branches now made or hereafter to be made; and which said Accounts and the Vouchers relating to the same the said Company are hereby directed to keep and produce during such Time as aforesaid as the said Auditor or Auditors shall direct, and he or they shall adjust and balance such Accounts relating to the said Railway from Athlone to Galway, and complete such Audit for the Purpose of ascertaining whether during such preceding Half Year any Profit shall have been made, and of preparing such Certificate as is herein-after mentioned; and the Opinion of such Auditor or Auditors as to the Mode of keeping and balancing such Accounts as aforesaid, and as to the Monies or Proportion of Monies to be charged to the said Railway from Athlone to Galway, either as Capital or Income, and as to all other Matters relating to the said Accounts, or what in his or their sole Opinion shall be considered as Profit, shall in all respects be final and conclusive on all Parties.
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