Singapore Rubber Fund
18.—(1)  The Singapore Rubber Fund shall be administered by the Board.
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(2)  The Singapore Rubber Fund may, subject to directions by the Minister, be used for the following purposes:
(a)the promotion, development, regulation and maintenance of the commodity trade and industry, including the commodity futures market in Singapore;
(b)the payment of all expenses necessary for the participation in international natural rubber organisations and agreements established under these organisations;
(c)the discharge of any outstanding liability incurred by the former Rubber Association of Singapore and transferred to the Board;
(d)for the purposes provided in and generally for carrying into effect the Rubber Industry Act (Cap. 280) and for the discharge of any liability arising as a result of the exercise of the function and duties under that Act; and
(e)such other purposes as are incidental or conducive to the attainment of the purposes of the Singapore Rubber Fund.
[26H
[16/92]
(3)  Moneys in the Singapore Rubber Fund may from time to time be invested in securities and such other investments in which trust funds may, by any written law for the time being in force relating to trustees, be invested.
[26H
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