Singapore legislation
Section 39
Section 39
Singapore Rubber Fund
(1)
The Singapore Rubber Fund must be administered by the Board in accordance with this Act.
(2)
The Singapore Rubber Fund may, subject to any direction of the Minister under section 7(1), be used for the following purposes:
the promotion, development, regulation and maintenance of the commodity trade and industry, including the commodity futures market in Singapore;
the payment of the Board’s expenses necessary for the participation in international natural rubber organisations and agreements established under these organisations;
the discharge of any outstanding liability incurred by the former Rubber Association of Singapore and transferred to the Board;
for the purposes provided in and generally for carrying into effect the Rubber Industry Act 1992 and for the discharge of any liability arising as a result of the exercise of the functions and duties under that Act;
any other purposes that are incidental or expedient for the purposes of the Singapore Rubber Fund.