Midwives Act, 1944
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Contingency fund. |
20.—(1) The Board may create a contingency fund and may make such payments into that fund as from time to time they think proper. | |
(2) The Board may make any particular payment into the fund created under this section notwithstanding that the making of the payment will result in or increase a balance against the Board in the abstract, prepared in pursuance of section 21 of this Act, relating to the year in which the payment is made. | ||
(3) The Board may invest the moneys in the fund created under this section in any securities authorised for the investment of trust funds. | ||
(4) The Board may use the fund created under this section to meet contingencies. | ||
(5) The maximum amount allowed to stand at any time to the credit of the fund created under this section shall be six hundred pounds. |