Clause 7

acquire, purchase, take, hold and enjoy movable and immovable property of every description and sell, convey, assign, surrender and yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property vested in the Board upon such terms and conditions as to the Board seems fit;

acquire, hire, procure, construct, erect, manufacture, provide, operate, maintain or repair anything whatsoever, whether movable or immovable, required by the Board for the purposes of this Act;

enter into any contract, covenant, bond, deed, agreement or document of any kind for the purposes of this Act;

do anything for the purpose of advancing the skill of persons employed by the Board, or of the efficiency of the equipment of the Board, or of the manner in which that equipment is operated, including the provision by the Board and the assistance of the provision by others, of facilities for training, education and research;

expend such sums by way of contribution to public or charitable objects as the Board may, with the approval of the Minister, determine;

make or guarantee loans to any person employed by the Board for the purpose of building a house, purchasing a plot of land on which to build a house or purchasing a house, for the use of such person or for the residential use of his family;

make loans to persons employed by the Board for purposes specifically approved by the Board as likely to increase the efficiency of such persons in their services to the Board, or otherwise for the purpose of the functions of the Board; and

receive donations, grants, gifts and contributions from any source and raise funds by all lawful means.