14. Establishment and administration of Fund
Feedback & supportLast amended by an amending law of 1979.
There shall be established a fund to be called the Singapore Rubber Fund (referred to in this Act as the Fund) which shall be controlled and administered by the Committee, subject to the directions of the Minister.
rubber
“rubber” includes marketable rubber prepared from the leaves, bark or latex of any rubber plant and the latex of any such plant whether fluid or coagulated in any stage of the treatment to which it is subjected during the process of conversion into marketable rubber but it does not include any manufactured article wholly or partly made of rubber;
All moneys received by the Committee from any source whatsoever including the proceeds of any cess as is referred to in section 15 shall be paid into the Fund.
Committee
“Committee” means the Management Committee constituted under section 11;
The Fund shall be devoted to the following purposes:
the payment of the expenses of, or connected with the administration of the Committee; and
the payment of all expenses necessary for carrying out the purposes of this Act.
This section shall not apply to any fund established and maintained by the Association to be used for the purpose of compensating persons who suffer pecuniary loss from any defalcation committed by any member of the Association in the course of or in connection with their business.[13
Association
“Association” means the Rubber Association of Singapore as constituted by section 3;