Sri Lanka Consolidated Acts

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State Printing Corporation Act (No. 24 of 1968) - Sect 18

Capital of the Corporation

18.
(1) The initial capital of the Corporation shall be determined by resolution of the House of Representatives and the amount of such capital shall be paid to the Corporation out of the Consolidated Fund of Ceylon.
(2) The capital of the Corporation may be increased from time to time by such amount as may be determined by resolution of the House of Representatives, and that amount shall be paid to the Corporation out of the Consolidated Fund of Ceylon.
(3) The Board of Directors may request the Minister for such advances from the Consolidated Fund of Ceylon as may be necessary for meeting the obligations of the Corporation or discharging its duties under this Act and the Minister may, in consultation with the Minister of Finance, authorize such advances as may be required by way of loan carrying interest, repayable in such instalments and under such terms and conditions as may be determined by the Minister of Finance.


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