The Pamphlet Collection of Sir Robert Stout: Volume 88
Accounts
Accounts.
Books and accounts not open for general inspection.
85. The Directors shall cause true and
complete accounts to be kept of the stock, effects, receipts, expenditure, credits, liabilities, dealings, transactions and affairs of the Company. The financial periods of the Company shall be determined in General Meeting, and until the same shall be so determined, the Directors shall have power to determine the first of such periods, after which such periods shall end half-yearly on days to be fixed by the Directors.
Accounts and financial periods.
86. A balance-sheet shall be made out as
soon as possible after the termination of the financial period, and laid before the next ordinary general meeting of the Company, and shall contain a summary of the property and liabilities of the Company at the end of the financial period.
Balance-sheets.