Singapore legislation

Clause 5

of Rubber Association of Singapore (Incorporation) Bill

Clause 5

Restriction on use of income

The income of the Corporation shall be applied solely towards the promotion of the objects of the Corporation as set forth in this Act, and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever by way of profit to any member:Provided that nothing herein contained shall prevent the payment or repayment in good faith of remuneration or expenses to any officer or servant of the Corporation or to any member thereof in return for services actually rendered to the Corporation.