No. 34 57 Communications (b) way of an overdraft or credit in Malawi or outside Malawi, with the approval of, and subject to such limitations as may be imposed by, the Minister of Finance. 119.__(1) The Malawi Broadcasting Corporation shall keep proper books and other records relating to its accounts. (2) The accounts of the Malawi Broadcasting Corporation shall__ Cap. 37:02 Accounts and audit (a) be audited annually by independent auditors appointed by the Board of Corporation; and (b) be examined by the Auditor general before final approval by the Board, and before being presented to the Minister in accordance with section 120. (3) The financial year of the Malawi Broadcasting Corporation shall be the same as the financial year of the government. 120.__(1) As soon as practicable, but not later than six months after the expiry of each financial year, the Malawi Broadcasting Corporation shall publish in the Gazette and submit to the Minister a report concerning its activities during that financial year. Annual reports (2) The report referred to in subsection (1) shall be in a form approved by the Minister, after consultation with the Board of the Malawi Broadcasting Corporation, and shall include information on the financial affairs of the Corporation, and the following shall be appended to the report(a) an audited statement of financial position; (b) an audited statement of income and expenditure; and (c) such other information that the Minister may require. PART XV__REgULATION OF POSTAL SERVICES 121. The Authority may make rules describing types of postal services in terms of their nature, form, scope, mode of postage, technology used, service standards and attributes. 122.__(1) A person shall not carry out any commercial postal services without a licence issued under this Act. (2) The Authority shall issue postal licences for the following postal activities__ (a) conveyance of postal articles from one place to another; (b) performance of all services incidental to receiving, collecting, sending, dispatching and delivering of postal articles, Power to make postal services rules Licensing of postal services