(1) The Council shall keep proper books of account and proper records in relation thereto and such account books and records shall be in such form as the Auditor-General may approve.

(2) The accounts of the Council shall be audited annually by the Auditor-General or an auditor appointed by him.

(3) The Council shall, within thirty days after its accounts have been audited forward a copy of the audited accounts together with a copy of the Auditor-General's report thereon to the Commissioner.