Electricity (Supply) Act 1927
Accounts and audits.
7.—(1) The Board shall keep in such form as shall be approved by the Minister after consultation with the Minister for Finance all proper and usual accounts of all moneys received or expended by them, including a capital account, revenue account, profit and loss account, and a balance sheet, and in particular shall keep in such form as aforesaid all such special accounts as the Minister on his motion or at the request of the Minister for Finance shall from time to time direct.
(2) The accounts of the Board shall in each year be audited and be the subject of a report by duly qualified auditors appointed annually for the purpose by the Minister, with the consent of the Minister for Finance, and the fees of such auditors and the expenses generally of such audits shall be paid by the Board.
(3) The Minister may with the consent of the Minister for Finance F3[give from time to time directions] prescribing the time, place, and method of conducting the audit of the accounts of the Board under this section and may also prescribe by F3[such directions] the accounts of which copies are to be furnished to the Minister under this section and the accounts which are to be published and put on sale under this section and the time and method of such publication and sale.
(4) Immediately after every audit under this section of the accounts of the Board, the Board shall send to the Minister a copy of the balance sheet and profit and loss account as passed by the auditors, a copy of the auditors' report, and copies of such of the accounts submitted to the auditors as are prescribed in that behalf by F3[directions given] under this section or may be specially called for by the Minister, and shall publish and put on sale in accordance with F3[such directions] such of the accounts submitted to the auditors as are prescribed in that behalf by F3[such directions].
Annotations
Amendments:
F3
Substituted (1.03.1961) by Electricity (Supply) (Amendment) Act 1961 (2/1961), s. 12(a), (b), S.I. No. 36 of 1961.
Modifications (not altering text):
C11
Functions transferred and references to "Department of Finance" and "Minister for Finance" construed (29.07.2011) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (S.I. No. 418 of 2011), arts. 2, 3, 5 and sch. 1 part 2, in effect as per art. 1(2), subject to transitional provisions in arts. 6 to 9.
2. (1) The administration and business in connection with the performance of any functions transferred by this Order are transferred to the Department of Public Expenditure and Reform.
(2) References to the Department of Finance contained in any Act or instrument made thereunder and relating to the administration and business transferred by paragraph (1) shall, on and after the commencement of this Order, be construed as references to the Department of Public Expenditure and Reform.
3. The functions conferred on the Minister for Finance by or under the provisions of –
(a) the enactments specified in Schedule 1, and
(b) the statutory instruments specified in Schedule 2,
are transferred to the Minister for Public Expenditure and Reform.
...
5. References to the Minister for Finance contained in any Act or instrument under an Act and relating to any functions transferred by this Order shall, from the commencement of this Order, be construed as references to the Minister for Public Expenditure and Reform.
SCHEDULE 1
Enactments
...
Part 2
1922 to 2011 Enactments
|
Number and Year |
Short Title |
Provision |
|
(1) |
(2) |
(3) |
|
... |
... |
... |
|
No. 27 of 1927 |
Electricity (Supply) Act 1927 |
Sections 7, 30 and 88 |
|
... |
... |
... |
C12
Application of subss. (1), (2), (3) restricted (23.12.1958) by Electricity (Supply) (Amendment) Act 1958 (35/1958), s. 6(2), commenced on enactment.
Fishery account.
6.— ...
(2) Subsection (1) of section 7 of the Electricity (Supply) Act 1927, shall not apply in relation to moneys in relation to which this section applies, and subsections (2) and (3) and, in so far as it provides for the sending of accounts to the Minister and for the publication and putting on sale of copies of accounts, subsection (4) of that section shall apply in relation to an account kept under this section as if it were an account kept under that section.
...
Editorial Notes:
E6
Previous affecting provision: application of section extended (19.02.1935) by Shannon Fisheries Act 1935 (4/1935), s. 17, commenced on enactment; repealed (23.12.1958) by Electricity (Supply) (Amendment) Act 1958 (35/1958), s. 6(3), commenced on enactment.