Section 9

to enter into contracts;

to utilize any property of the Corporation, movable or immovable, in the interest of the Fund in such manner as the Corporation may think expedient, including the raising of loans by mortgaging such property;

to engage in any activity, either by itself or in conjunction with other organizations, for the purpose of co-ordinating, streamlining or rationalizing the giving and administration of skills training loans to trainees in an approved training programme;

Skills Development Fund 15

to impose fees, including cost of living, insurance and administrative fees, and other charges for services rendered by the Corporation;

to grant loans and make advances to the officers and servants of the Corporation for such purpose as may be approved by the Minister;

to provide recreational facilities and promote recreational activities for, and activities conducive to, the welfare of the officers and servants of the Corporation;

to provide training for the officers and servants of the

Corporation and to grant loans or otherwise pay for such training; and

to do anything incidental to any of its powers.

Power to invest