Clause 15

The Minister, may from time to time, appropriate out of the Fund moneys for the creation of a sinking fund for the repayment of the principal sums payable on any of the securities issued under this Act.

The total amount in any sinking fund shall not exceed the outstanding principal sums payable on such securities.

The Minister may at any time apply all or any part of the moneys in the sinking fund to the purchase of trustee stock or of any securities, fund or investment authorised for investment under section 7(3) of the Financial Procedure Act (Cap. 109).

All income from investments of moneys in the sinking fund and all profits arising from the realisation of any such investments shall be paid into the sinking fund.

Any sinking fund created under this Act shall be applied in the first place in payment of all expenses of, or incidental to, the management of the sinking fund and the redemption of the securities issued under this Act, and then in repayment of principal moneys represented by the securities.