Section 74

Before 1 September of each year, the Institute shall submit an estimate of its expenditure, including the expenditure for research and development programmes, for the following year in such form and containing such particulars as the Minister may direct.

The Minister shall, before 1 January of the following year, notify the Institute of the amount authorized for expenditure generally or of the amount authorized for each description of expenditure based on the estimate prepared under subsection

.

The Institute may, at any time, submit to the Minister a supplementary estimate of its expenditure for any one year and the Minister may allow the whole or any part of the additional expenditure included therein.

Conservation of Fund