No. 1l28l1 29 Pt ret-rc' I)EBT Mnxncnh{EN'r Cap.22:21 Disclosure of information concerning loans and guarantees a guarantee is given the Minister shall lay before the National Assembly relating to that guarantee on any of the first seven sittings when the National Assembly first sits after the guaralltee is first given under section 23(2). ( 1) Where a stntement (2) If disclosure of a guarantee in terms of subsection (l) is, in the opinion of the Minister, likely to pose a threat to the national interest, the Minister shall lay the statement referred t<l in subsection (1) before the Public Accounts Committee, with the stipulation that no disclosure of the statement be made by the Public Accounts Committee or any member thereof without the written leave of the Minister. 30 Monthly, quarterly and annual reports on Ioans and guarantees (1) Annual and monthly reports on guaraRtees that are required to be prepared in terms of subsection (3) shall list the guarantees given in terms of section 23(2) (b) granted during the financial year or during a particular month and the cumulative national position regarding the guarantees. (2) Monthly and annual reports on State loans that are required to be prepared in terms of subsection (3) shall disclose information on the loans obtained in the respective year and month, the loans that have been repaid during that year and month and the total amount of loans outstanding at the end of that year or month. (3) The Office shall prepare the annual and monthly reports referred to in subsections (1) and (2), together with a quarterly report thereon, and shall submit such reports to the Secretary and the Accountant-General within thirty days of the respective month, quarter or year concemed. (4) The reports referred to in subsection (3) shall be laid before the National Assembly at least bi-annually by the Minister within sixty days of the end of the period concerned. 31 Interest and repayment of loans to be direct charges The following payments in connection with loans shall be direct charges against the Consolidated Revenue (a) (b) (c) 32 Fund- the repayment of money borrowed by the Minister in terms of this Part; and the interest payable on money so borrowed; and any cost associated with such borrowing and approved by the Treasury. Establishment of sinking funds The Minister, in the case of a State loan raised by means of the issue of bonds or stock- (a) for a period of six years or more, shall, unless he or she is satisited that arrangements for the repayment of the State loan are such as not to requirc the establishment of a sinking fund, establish a sinking fund; (b) for a period of less than six years, may establish a sinking fund; tbr the purpose of redeeming the State loan. 33 Trustees for sinking funds (1) For the administration of a sinking fund the Minister shall appoint trustees upon whom he or she shall, subject to this Part, confer and impose such functions as he or she may consider expedient. (2) The Minister may at any time after giving reasonable notice in writing to the trustee or trustees concerned- t14