14.
| (1) There shall be established a Fund to be called " the Central Tea Fund ". There shall be paid into that Fund
| | (a) all sums lying, on the appointed date, to the credit of the Tea Control Fund; | | |
| | (b) all sums lying, on the appointed date, to the credit of the Tea Subsidy Fund; | | |
| | (c) all sums lying, on the appointed date, to the credit of the Ceylon Tea Propaganda Board; | | |
| | (d) all sums lying, on the appointed date, to the credit of the Tea Research Board; | | |
| | (e) the proceeds of -
| | | (i) all export duties on tea imposed under this Act, |
| (ii) all fees levied and collected in respect of licences and permits issued under this Act or the Tea Control Act, No. 51 of 1957, or the Tea (Tax and Control of Export) Act, No. 16 of 1959, or in respect of dealings in tea under any other written law, |
| (iii) the sale of seed, cuttings, plants and fertilizers by the Tea Commissioner to proprietors of estates and small holdings; |
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| | (f) such sums as may from time to time be granted by resolution of the House of Representatives for the purposes of this Act; | | |
| | (g) all sums accepted by the Tea Commissioner by the compounding of offences under the Tea Control Act, No. 51 of 1957, or the Tea (Tax and Control of Export) Act, No. 16 of 1959; and | | |
| | (h) all such other sums as may accrue to the Board by the sales of property belonging to the Board, gifts, and income from investments or otherwise. | | |
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| (2) There shall be paid out of the Central Tea Fund such sums as may be authorized by the Board for the purpose of meeting expenditure incurred in the exercise, discharge and performance of its powers, functions and duties under this Act, including
| | (i) the remuneration of all officers and servants employed by the Board for carrying out the provisions of this Act and all other expenses of the administration of this Act; | | |
| | (ii) the sums approved by the Board for the purpose of providing financial assistance, by way of grant or loan, for the planting of tea, for the replanting and the rehabilitation of estates and small holdings, for the diversification of estates and small holdings by the replacement of tea on such estates and small holdings with other crops or livestock farming, for the marketing of the green tea leaf of estates and small holdings and for the manufacture of made tea or instant tea; | | |
| | (iii) the sums approved by the Board in order to provide advisory services to owners of estates and small holdings, to manufacturers of tea, and dealers in tea; | | |
| | (iv) such expenses as may be incurred in connection with Ceylon's membership of the International Tea Committee, or any other international organization dealing with problems connected with tea. | | |
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| (3) All surplus moneys in the Central Tea Fund which are not required to meet any immediate expenditure incurred or to be incurred by the Board shall be deposited by the Board in the General Treasury on such terms as may be determined by the Minister of Finance. |
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Sri Lanka Consolidated Acts