Section 24

All fees, penalties and other moneys payable under this Act shall be paid to the Board to be applied in the first place to defraying the expenses incurred by the Board in respect of its functions under this Act, including the remuneration of the Secretary and other officers and employees of the Board, and thereafter to providing scholarships and the promotion of learning and education in connection with the profession of surveying.

The Secretary shall take and receive all moneys payable to the Board under this Act.

All fees and other moneys payable to the Board under this Act shall be paid forthwith into a bank account approved by the Minister.

The Board may from time to time invest any moneys not immediately required by the Board in such trustees’ securities as the Board may determine.

The Board shall keep full and proper accounts of all moneys received and expended by it and the accounts shall be audited by an auditor approved by the Minister.