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XVII.—Accounts.

92. The Directors shall cause true accounts to be kept of the sums of money received and expended by the Company and the matters in respect of which such Receipts and Expenditure take place and of the Assets Credits and Liabilities of the Company.

93. The Books of Account shall be kept at the Registered Office of the Company or at such other place or places as the Directors think fit.

94. The Directors shall from time to time determine whether and to what extent and at what times and places and under what conditions or regulations the Accounts and Books of the Company or any of them shall be open to the inspection of the Shareholders and no Shareholders shall have any right of inspecting any Account or Book or Document of the Company except as conferred by statute or authorised by the Directors or by a resolution of the Company in General Meeting.

95. At the Ordinary Meeting in every year the Directors shall lay before the Company a statement of the income and expenditure and a duly audited Balance-sheet containing a summary of the property and liabilities of the Company made up to a date not more than three months before the meeting from the time when the last preceding statement and balance-sheet were made or in the case of first statement and balance-sheet from the incorporation of the Company.

96. Every such statement shall be accompanied by a report of the Directors as to the state and condition of the Company and as to the amount which they recommend to be paid out of the profits by way of dividend or bonus to the Shareholders and the amount if any which they propose to carry to the Reserve Fund according to the provisions in that behalf hereinbefore contained.

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course of the post and in proving such service it shall be sufficient to prove that the letter containing the notice was properly addressed and put into the post-office.