Clause 20

The Corporation shall open and maintain such account or accounts with a bank or banks approved by the Minister as it considers necessary for the exercise of its functions and powers under this Act. Every such account shall be operated upon by cheque signed by such person or persons as may, from time to time, be authorised in that behalf by the Corporation.

The moneys of the Corporation shall be applied only in payment or discharge of the expenses, obligations and liabilities of the Corporation arising under this Act or incurred in carrying out the purposes of this Act.

Moneys belonging to the Corporation may, from time to time, be invested in securities in which trust funds may, by any written law for the time being in force relating to trustees, be invested.

There shall from time to time be paid into the Corporation’s bank account —