Malaysia legislation

Section 8

of MALAYSIAN RUBBER EXCHANGE AND LICENSING BOARD ACT 1972

Section 8

For the purpose of this Act there is hereby established a Fund into which shall be paid-

(a)

all revenues accruing to the Board under the Rubber Shipping and Packing Control Ordinance, 1949, the Federation of Malaya Rubber Exchange (Incorporation) Act, 1962, and the Rubber Export Registration Act, 1966; and

(b)

any grant paid into the Fund from the Federal Consolidated Fund, out of which shall be paid all outgoing expenditures of the Board including the remuneration and other allowances payable to the members, officers or servants of the Board as are expedient for the proper carrying out of the provisions of this Act.

Read in full context — MALAYSIAN RUBBER EXCHANGE AND LICENSING BOARD ACT 1972 →