Section 19

all moneys collected, paid, borrowed or transferred under sections 14, 18, 22 and 41;

all moneys collected or paid under section 20 other than those collected, levied or raised within the States of Sabah and Sarawak;

all moneys collected under the rules and regulations and specified therein as being payable into the Fund;

(ca) all moneys earned or arising from any property, investment, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Board including any profits gained from the corporations or companies established under this Act;

(cb) all moneys earned from the operation of any project, scheme or enterprise financed from the Fund;

all moneys received by the Board by way of grants, contributions or loans from the Federal Government or any State Government;

all sums contributed by the States of Sabah and Sarawak;

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Act 105

(ee) all moneys received as fees and charges for advice or services rendered pursuant to section 20a; and

all moneys belonging or otherwise payable to the Board.

paying any expenses lawfully incurred by the Board, including—

the remuneration of the officers and servants of the

Board, including granting of loans, superannuation allowances, pensions or gratuities;

legal fees and costs and any other fees and costs;

granting loans or providing capital for corporations or companies established under this Act;

repaying any moneys borrowed under this Act and any interests due on such moneys;

subject to the approval of the Minister, making contributions to any organization, whether within or outside Malaysia, for the purpose of promoting the development of the timber industry, promoting the trade in utilization and processing of timber and ensuring adequate supply of timber to the industry;

financing research and development activities;

contributing to bodies or organizations of which the Board is a member;

providing loans or grants to institutions of higher learning within or outside Malaysia for the purpose of human resource development in the timber industry;

Malaysian Timber Industry (Incorporation)

providing loans, grants, capital or any other form of assistance to any Bumiputera or person involved in the timber industry, subject to such terms and conditions as may be prescribed by the Board;

paying any expenses or costs, incurred or properly accepted by the Board in the performance of its functions or the exercise of its powers under this Act;

purchasing or hiring equipment, machinery and any other materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this

Act; and

generally, paying any expenses for carrying into effect the provisions of this Act.