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16/06/2024
Laws of Bangladesh

The Town Improvement Act, 1953 (East Bengal Act)

( ACT NO. XIII OF 1953 )

Chapter VI

FINANCE

Loans

Annual statement by Trustees
117. (1) The aforesaid Trustees shall, at the end of every financial year, transmit to the Chairman of a statement showing-
 
 
 
 
(a) the amount which has been invested during the year under section 115,
 
 
 
 
(b) the date of the last investment made previous to the transmission of the statement,
 
 
 
 
(c) the aggregate amount of the securities held by them,
 
 
 
 
(d) the aggregate amount which has, up to the date of the statement, been applied under section 116 in or towards repaying loans, and
 
 
 
 
(e) the aggregate amount already paid into each sinking fund.
 
 
 
 
(2) Every such statement shall be laid before the Kartripakkha and published by notification.

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