Forestry Research and Development Fund
s 15
(1) There shall be established and maintained a fund to be known as the Forestry Research and Development Fund which shall be administered by the Board. (2) The following shall be paid into the Fund: (a) any grant made to the Board by the Federal or any State Government; (b) all moneys collected under section 19; (c) all moneys borrowed by the Board under section 16; (d) all moneys earned or arising from any investment under section 17 or from any properties, mortgages, charges or debentures; and (e) moneys received from other sources including fees for advice or services rendered pursuant to section 22, or fees or royalties charged pursuant to subsection 23(2). (3) The Fund shall be applied for defraying the following: (a) to meet the expenses incurred by the Board in administering the Fund and in exercising its functions under this Act including the remuneration of officers and servants of the Institute; (b) to provide funds to the Institute for executing the functions of the Board under this Act; (c) to provide funds to any organization which the Board thinks expedient to commission research, development or publicity activities; (d) to grant loans to the officers and servants of the Institute for the purpose of purchasing dwelling house or conveyances, on such terms and conditions as may be prescribed by the Treasury; (e) to contribute by way of subscription or donations to any organization, whether local or international, which promotes the interest of research in forest development and forest industries; (f) to repay moneys borrowed by the Board under section 16; and (g) to meet any other expenses which the Board considers incidental to its functions.