40A.
| (1) Where, on the date on which a stage carriage permit for a regular omnibus service ceases to be in force by virtue of section 13, there is in existence any fund into which all fines imposed on, and recovered from, persons employed in connexion with that omnibus service have been paid, all the monies which are to the credit of that fund on that date shall be paid to the Ceylon Transport Board by the administrator or administrators of that fund. The monies so transferred shall be utilized by the board for any such purpose beneficial to the employees of the board as may be approved by the Commissioner of Labour. |
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| (2) Where, on the date on which a stage carriage permit for a regular omnibus service ceases to be in force by virtue of section 13, there is in existence any mutual aid or other similar fund to which persons employed in connexion with that omnibus service have been contributors, the administrator or administrators of that fund shall pay to each such person the amount to the credit of the individual account of that person in that fund on that date. |
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Sri Lanka Consolidated Acts