Section 9

invest the moneys of the Fund as it deems necessary;

appoint such officers and employ such persons as it may think necessary for the administration of the Fund; and

do all such things as are considered necessary or expedient for furthering the interests of the Fund or carrying out the object thereof.

No member of the Board shall be liable for any loss arising from or by reason of any investment made under paragraph (1)(a)

unless such loss has been occasioned by his wilful negligence or fraud.

Expenses of Fund