(1) The Controller and Accountant-General shall within one month after receipt of the audit report, submit an annual report to the Minister covering the activities and operations of the Sinking Fund for the year to which the report relates.

(2) The annual report shall include the report of the Auditor- General and a report on the performance of the Sinking Fund relative to its statutory object.

(3) The Minister shall within one month after the receipt of the annual report submit the report to Parliament with the statement that the Minister considers necessary.

(4) The Controller and Accountant-General shall also submit to the Minister any other reports which the Minister may require in writing.