Malaysia legislation

Section 17

of SARAWAK TIMBER INDUSTRY DEVELOPMENT CORPORATION ORDINANCE, 1973 ( Ord. No. 3/73 )

Section 17

Balancing of revenue account

It shall be the duty of the Corporation to conserve the Fund by so exercising and performing its powers, functions and duties under this Ordinance as to secure that the total revenues of the

Corporation are, subject to any directions given by the Minister under section 8, sufficient to meet all sums properly chargeable to its revenue account, including, without prejudice to the generality of that expression provisions in respect of its obligations under sections 15

and 16 and depreciation and interest on capital, taking one year with another.

[Am. Ord. No. 6/77.]

Section 17 — SARAWAK TIMBER INDUSTRY DEVELOPMENT CORPORATION ORDINANCE, 1973 ( Ord. No. 3/73 )