(1)The accounts of the undertaking providing or operating railway services shall be kept in accordance with such directions as may from time to time be given by the Ministry,F1. . . .
(2)The Holding Company shall furnish to the Ministry at such times as the Ministry may determine—
(a)a copy of audited accounts of the Company and its subsidiaries and a copy of any reports thereon made by the auditor;
(b)such returns, accounts and other information with respect to its property, activities, policy and programme and the property, activities, policy and programme of any company which is its subsidiary or in which it owns a substantial proportion of the issued capital as the Ministry may require.
(3)The Ministry shall, as soon as practicable after the receipt by it of the accounts and reports referred to in subsection (2)( a) lay copies thereof before Parliament.