BALANCE SHEET AND AUDIT 17Q 
(vii) 
If any of the liabilities of the company consist of 
indebtedness to a subsidiary company, show as a 
separate item the aggregate amount of such indebted- 
ness (s. 125). 
The accounts submitted to the meeting must also 
1) If interest has in any year been paid out of capital 
under s. 54, show the share capital on which and the 
rate at which interest has been so paid [s. 54 (1) (g)]. 
Contain particulars of any loans made either by the 
company or any other person under a guarantee from 
or on a security provided by the company to any 
director or officer of the company during the period 
covered by the account (whether repaid or not) and 
particulars of any such loans made before the com- 
mencement of the period covered by the account and 
outstanding at the expiration of such period [s. 128 
(1) (a) (6)]. Particulars need not, however, be given 
of loans made in the ordinary course of business by a 
company whose ordinary business includes the lending 
of money or of a loan to any employee if the loan does 
not exceed £2000 and is certified by the directors to 
have been made in accordance with the usual practice 
of the company as regards loans to employees. It is 
thought that a director would not be an employee within 
this exception [s. 128 (2)]. 
State the total remuneration paid to or receivable by 
the directors as remuneration for their services from 
the company or any of its subsidiary companies 
excluding managing directors’ remuneration and 
any remuneration paid to any other director, not as 
director, but in respect of some other salaried office 
or employment in the company held by him [s. 128 (1) 
'c) and (3)]. 
3) 
As to the meaning of remuneration see s. 128 (5). Where 
the Act requires information to be included in the accounts 
submitted to the annual meeting, but doesnot expressly provide 
that it shall be given in the balance sheet, the question arises 
whether it must be included in the accounts circulated among 
the members pursuant to s. 130. It has been suggested that 
it is sufficient if the information is included in the full accounts 
to be laid before the meeting; but it is thqught that is not 
enough, at any rate so far as the information refers to items 
included in the balance sheet; for the information (see s. 128), 
has to be included in the accounts ‘to be laid before every