Development Fund (Amendment) Bill

by deleting the words “or that a need has arisen for expenditure for a purpose for which no amount has been appropriated in accordance with subsection (2) of this section” appearing in subsection (3) thereof;

by inserting immediately after the word “section” appearing in the fourth line of subsection (5) thereof the words “or to create a new sub-head”;

by inserting immediately after the word “deficient” appearing in the eighth line of subsection (5) thereof the words “or of any new sub-head”; and

by deleting subsection (6) thereof.

A Contingencies Fund is hereby created consisting of moneys from time to time appropriated thereto from the Development Fund.(2) The Minister for Finance may, if he is satisfied that there has arisen an urgent and unforeseen need for expenditure for which no other provision exists and for which funds cannot be provided under the provisions of subsection (5) of section 4 of this Ordinance, make advances from the Contingencies Fund to meet such need.(3) Where any advance is made by virtue of the authority conferred under subsection (2) of this section, a supplementary estimate of the sum required to replace the amount so advanced shall, as soon as practicable, be laid before Parliament for approval in accordance with subsection (3) of section 4 of this Ordinance.”.