s 19 Application of income and property
19.—(1) Subject to subsection (2), the income and property of the Foundation from wherever derived must be applied solely towards the promotion of the objects of the Foundation as set out in section 4, and no portion of that income or property may be paid or transferred directly or indirectly by way of dividend, bonus, profit or otherwise to members or directors. (2) Nothing in subsection (1) is to be construed as preventing the payment, in good faith, of —(a) remuneration to employees of the Foundation; (b) remuneration to the director charged with general administrative control over the work of the Foundation as provided in section 9; (c) out-of-pocket and travelling expenses to any director; and (d) other proper charges and expenses of the Foundation.