Ngee Ann Kongsi (Incorporation) (Amendment) Bill

Bill No. 5/1972

Read the first time on 7th March 1972.

An Act to amend the Ngee Ann Kongsi (Incorporation) Ordinance (Chapter 307 of the 1955 Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: —

Short title and commencement

1. This Act may be cited as the Ngee Ann Kongsi (Incorporation) (Amendment) Act, 1972, and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

New section 20A

2. The Ngee Ann Kongsi (Incorporation) Ordinance is hereby amended by inserting immediately after section 20 thereof the following section: —

“Contribution to Ngee Ann Technical College

20A. The Committee of Management shall set apart seventy-five per cent of all moneys received by the Corporation by way of income from any source and of all moneys arising from the sale or disposition or from the acquisition of any property belonging to the Corporation and shall contribute the same to the Ngee Ann Technical College constituted under the Ngee Ann Technical College Act (Cap. 179, 1970 Ed.).”.

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