Clause 18

The Board shall in every year prepare and adopt annual estimates of income and expenditure of the Board for the ensuing year.

Supplementary estimates may be adopted by the Board at any of its meetings.

A copy of all annual and supplementary estimates shall, upon their adoption by the Board, be sent forthwith to the Minister who may approve or disallow any item or portion of any item shown in the estimates, and shall return the estimates as amended by him to the Board, and the Board shall be bound thereby.