SCHEDULES

SCHEDULE 7Forestry Commissioners

Accounts

5

1

The Forestry Commissioners shall keep proper accounting records relating to their Welsh finances.

2

In this Schedule references to the Welsh finances of the Forestry Commissioners are to—

a

sums within paragraph 4(1) received by them, and

b

expenditure by them on the exercise of their functions in relation to Wales.

3

The Forestry Commissioners shall, for each financial year, prepare accounts relating to their Welsh finances in accordance with directions given to them by the Treasury.

4

The directions which the Treasury may give under sub-paragraph (3) include, in particular, directions as to—

a

the information to be contained in the accounts and the manner in which it is to be presented,

b

the methods and principles in accordance with which the accounts are to be prepared, and

c

the additional information (if any) that is to accompany the accounts.