Singapore legislation

Clause 5

of Government Securities Bill

Clause 5

Expenses

All expenses arising from or incidental to —

(a)

the investment and management of moneys in the Government Securities Fund; and

(b)

(i)the borrowing and repayment of moneys; and

(ii)

the investment and management of moneys in any sinking fund created,under this Act and any other written law authorising moneys borrowed to be paid into the Government Securities Fund,shall be charged upon and payable out of the Government Securities Fund.

Read in full context — Government Securities Bill →