Midwives Act, 1944

Contingency fund.

20.—(1) The Board may create a contingency fund and may make such payments into that fund as from time to time they think proper.

(2) The Board may make any particular payment into the fund created under this section notwithstanding that the making of the payment will result in or increase a balance against the Board in the abstract, prepared in pursuance of section 21 of this Act, relating to the year in which the payment is made.

(3) The Board may invest the moneys in the fund created under this section in any securities authorised for the investment of trust funds.

(4) The Board may use the fund created under this section to meet contingencies.

(5) The maximum amount allowed to stand at any time to the credit of the fund created under this section shall be six hundred pounds.