Forty-Second Report of the Standing Committee on Public Accounts, dated 14 August 2003:

The Standing Committee on Public Accounts, having considered the Annual Report and the Report of the Independent Auditors on the National Urban Reconstruction and Housing Agency for the financial year ending 31 March 2002, reports as follows:

The Committee commends the management of the National Urban Reconstruction and Housing Agency for the unqualified audit opinion expressed by the Independent Auditors and trust that future audit opinions will be equally unqualified.

Having considered the Annual Report, the Report of the Independent Auditors and noting the unqualified audit opinion expressed by the Independent Auditors, the Committee is of the view that no further interaction with the accounting authority is necessary for the year under review.

The Committee therefore awaits the next Annual Report and the Report of the Independent Auditors.

Report to be considered.