55.—(1) There shall be established and maintained for the purposes of this Act a panel of referees consisting of such number of fit and proper persons as shall from time to time be found necessary for the purposes aforesaid.
(2) The members of the panel of referees shall be appointed by the Government and every such member shall hold office for five years from the date of his appointment but shall be eligible for re-appointment at the expiration of his term of office.
(3) Every member of the panel of referees shall be paid such fees and expenses for every examination and report made by him in pursuance of the Act as the Minister shall, with the approval of the Minister for Finance, direct.
