1. The executive council shall cause true accounts to be kept of the sums of money received and expended by the association, and the matters in respect of which such receipt and expenditure takes place.

2. The executive council shall from time to time determine whether and to what extent, and at what times and places, and under what conditions or regulations, the accounts and books of the association, or any of them, shall be opened to the inspection of the members; and no member shall have any right of inspecting any account, book, or document of the association, except as authorized by the executive council, or by a resolution of the association in general meeting.

3. At the annual general meeting in every year the secretary-treasurer shall lay before the association a statement of receipts and disbursements and a balance sheet, containing a summary of the assets and liabilities of the association, made up to the thirtieth day of September preceding the meeting, and the accounts and balance sheet shall be signed by the secretary-treasurer, and certified correct by the auditor or auditors.

4. A printed copy of such account and balance sheet shall, seven days previously to the meeting, be forwarded to the members of the association.