It is hereby notified for general information that, in exercise of the powers conferred by section 6(1) of the Developmental Investment Fund Act, the Minister for Finance has directed —
(a)
that an account within the Developmental Investment Fund, called the Research and Development Fund Account, be established on 29th June 2001, comprising moneys in the Fund allocated in support of research and development in Singapore; and
(b)
that the Research and Development Fund Account be placed under the control, supervision and management of the Minister for Trade and Industry.