( 13U ) 



of the amount of the expenditure which the Forest 

 department may consider necessary. 



(7) That at the close of every financial year the revenue and 



expenditure account shall be totalled and the deficit or 

 profit shall be carried to the capital account. 



(8) That so long as the expenditure exceeds the receipts the 



excess will be carried to the debit of the capital account. 

 At the end of the financial year interest at 4 per cent, 

 shall be added to the total sum of the debit side of the 

 capital account outstanding from the previous year and 

 2 per cent, in respect of the total deficit of the current 

 year. 



(9) That when the revenue and expenditure account shows a 



profit it shall be carried to the credit of the capital 

 account and deducted from the total on the debit side. 



(10) That expenditure on works in each estate will be kept 



separate and each estate will be debited with its share 

 of all expenditure as laid down in clause (6) subject to 

 the proviso that no estate will be debited with any 

 expenditure until that estate has been gazetted under 

 section 4 of the Forest Act and management assumed 

 by the Forest department. 



(11) That the profits derived from the area belonging to each 



separate estate will be kept separately. In the case of 

 a contract covering two or 'more estates the profit and 

 loss will be divided between the estates proportionately 

 to their area. 



(12) That a copy of the yearly capital and revenue and expend- 



iture account for each estate shall each year be sent 

 to the owner or owners of the estate on or before the 

 first of June in each year. 



(13) That in the event of any dispute arising as to the revenue 



and expenditure account the Local Government shall 

 appoint a chartered accountant to audit the same 

 which audit shall be final and the fee chargeable by 



