18.
| (1)The proceeds of every development lottery Proceeds of conducted under this Act, shall in the first instance be credited development to the Fund lotteries. |
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| (2) The Board shall pay to the President's Fund the balance of the proceeds of every development lottery after the deduction from such proceeds an amount approved by the Secretary to the Ministry in charge of the subject of Finance as the amount necessary for the purpose of-
| | (a)defraying, or reimbursing the Fund for the payment of, the expenses incurred by the Board in conducting such lottery, including the value of the prizes awarded in such lottery ; | | |
| | (b)paying the whole or part of the remuneration, if any, of the members of the Board and the remuneration of the officers and servants of the Board; | | |
| | (c)paying the whole or a part of any contributions payable by the Board to any such provident fund or scheme as is referred to in section 11(2) (f); and | | |
| | (d)meeting other liabilities of the Board. | | |
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| (3) where any prize money in a development lottery is not won by any person, such prize money shall, notwithstanding anything in this section, be credited to a "Prize Reserve Account", and the sums accumulated in such account shall be used for the award of prizes in subsequent development lotteries. |
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Sri Lanka Consolidated Acts