30. Expenditure to be charged on Fund

The Fund shall be expended for the following purposes:

paying any expenditure lawfully incurred by the Institute;

paying for the remuneration, allowances and other expenses of the members of the Institute, members of the committees, officers and employees of the Institute, including the granting of loans and advances, superannuation allowances, retirement benefits and gratuities;

financing research and development activities;

contributing to bodies or organizations, within or outside

providing financial assistance under section 20;

paying any other expenses, costs or expenditure in relation to the procurement of goods and services, including the engagement of consultants, legal fees and costs and other fees and costs, properly incurred or accepted by the

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 and the exercise of its powers under this Act;

repaying any moneys borrowed under section 38 and the interest due on such moneys; and

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