s 18
The Fund may be placed on deposit with a bank in Fundtobe deposited the Federation holding a valid licence under the provisions with a bank. ot the Banking Ordinance, 1958, or invested in the securities 62 of 1958. of the Government of the Federation or such other securities as may be approved in writing by the Minister of Finance. section, sastion 10, sub-secisin (80f ot sececin 164 od Froreniid section 21, the Board may apply the Fund= (a) for the payment of any expenses lawfully incurred by it and the remineration of any officer or servant empioyed |by the Board, including superannuation allowances, pensions or gratuities; (b) for the payment of any other expense, cost or expenditure properly incurred or accepted by it in the exercise of the powers conferred on the Board by this Ordinance; flc) for the making of loans to officers and servants of the Board for the purpose of acquiring means of conveyance for their personal use. Lod. Act. 53/66 1.0b "the Board shall have the power to do anything and General nowers al to enter into any transaction (whether or not involving use and disposal of any the Board to transact business. movable or immnoväble property) which in its opinion ny calculated to Tacilifate the proper discharge of its powers and duties under this Ordinance: Provided that this power does not include the power to borrow other than as provided in sub-section (2) of section 10.