9. There shall be paid out of the account"
(a) all such sums as are approved by the Board as being necessary for the carrying out the purposes of the Fund; |
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(b) all sums of money required to defray expenditure incurred by the Board in the exercise, performance and discharge of its powers, duties and functions ; and |
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(c) all expenses incurred by the Board in the payment of salaries and other emoluments to officers, and servants of the Board. |
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