Singapore legislation

Clause 31

of Singapore Overseas Telecommunication Board Ordinance

Clause 31

Profit

The net profit, if any, of the Board after provision has been made for the application of the revenue of the Board in accordance with the provisions of section 30 of this Ordinance shall be divided between the Government and the Company in proportion to their respective share and interest in the undertakings of the Board.

Clause 31 — Singapore Overseas Telecommunication Board Ordinance