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Aircraft and Shipbuilding Industries Act 1977

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This is the original version (as it was originally enacted).

18Annual report

(1)It shall be the duty of each Corporation to make to the Secretary of State, as soon as possible after the end of each of its accounting years, a report on the operations of the Corporation and its wholly owned subsidiaries during that year.

(2)The report of a Corporation under subsection (1) above for any accounting year shall set out any direction under this Act given to it during that year by the Secretary of State unless the Secretary of State has given a notice concerning it under section 4(5) above and has not revoked it.

(3)The Secretary of State may at any time revoke a notice under section 4(5) above by notice given to the Corporation concerned.

(4)The report for any accounting year shall contain a statement about the performance of the Corporation's duty under section 2(8) above.

(5)A copy of the register under section 1(9) above maintained by the Secretary of State in respect of the Corporation shall be annexed to each such report.

(6)The Secretary of State shall lay before each House of Parliament a copy of every report made to him under subsection (1) above.

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