Section 14

No investments shall be taken over and included in the investment account of the Common Fund as provided by section 10 (2) without the sanction of the Board.

In the month of November in each year the Board shall present to the Minister a report showing the estimated value of the capital assets of the Common Fund and the estimated revenue therefrom for the ensuing year, and shall at the same time recommend to the Minister the rate which in its opinion should be prescribed by him for the ensuing year under section 12 (1).

In the month of February in each year the Board shall give such directions to the Public Trustee as may be necessary with regard to the disposal of any balance standing to the credit of the income account of the Common Fund at the end of the preceding year after interest payable to the beneficiaries and other lawful charges have been duly debited to the said income account. Such part of such balance as the Board may direct shall be carried to the credit of a reserve fund and any excess shall be carried to the credit of the income account for the current year.

The reserve fund shall be under the control of and shall be dealt with by the Board in such manner as may be prescribed.