10. There shall be paid out of the Fund :
(a) moneys necessary for the award of prizes to Laureates; |
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(b) expenses incurred in the working, establishment and maintenance of the Fund ; |
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(c) the out of pocket expenses incurred by the Trustees the salaries to officers, servants and other employees; and |
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(d) all such other payments as are approved by the Board as being necessary for the purpose of carrying out the objects of the Fund. |
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