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(1)The Compensation Board must prepare a report for the first twelve months of their existence, and a report for each succeeding period of twelve months, and must send each report to the Secretary of State as soon as practicable after the end of the period for which it is prepared.
(2)A report prepared under this section for any period must deal with the activities of the Compensation Board in the period.
(3)The Secretary of State must lay before each House of Parliament a copy of every report received by him under this section.
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