19.—(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.
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(3) Moneys in the Singapore Rubber Fund may from time to time be invested in such securities and other investments as the Board thinks fit.