Section 3

There shall be paid into the Fund such sum as may be standing to the credit of the Development Account in the accounts of the Government of North Borneo on the date of coming into force of this Ordinance.

The proceeds of any loans raised under any written law and not spent at the commencement of this Ordinance may, notwithstanding any provision to the contrary in any such law, be directed by resolution of the Legislative Assembly to be paid into the Fund to be applicable generally or to any of the purposes thereof.

Payment into the Fund.