It is useful to set out the section as it stood originally and as amended by the two amendments of 1978 and 1983: Section 67 prior Section 67 as amen Section 67 as to 1978 ded by Act No. 23 further amended of 1978 by Act No. 16 of 1983 (1) (2) (3) Priority of Priority of liabi Priority of liab liabilities of the lities of Board ilities of the Board The revenues (1)If in any year, Board The Board of the Board shall, the revenue receipt shall distribute the after meeting its are not adequate to surplus, reffered to operating, mainte to enable complianc in sub section(1) of nance and manage with the requirment s.59 to the extent ment expenses and of section 59, the Board extent available in after provision shall,after meeting a particular year in has been made for its operating, mai in the following or the payment of tenance and manage der namely: taxes on its income ment expences and (i) repayment of and profits be dis after provision has principal of any as far as they are been made for the loan raised available in the payment of taxes(if (including following order any) on income and redemption of deb namely: profits, distribute entures or bonds (i) interest on the revenue receipt issued) under s.65 bonds not guranteed as far as they are whichs becomes due under s.66; available, in the for payment in the (ii) interest on following order, year or which became stock not so guara namely: due for payment in nteed; (i) payment of int any previous year (iii) credits to erest on loans not and has remaind un guaranteed under paid; (ii) repayment of principal of any loan advanced to the 642 depreciation s.66; Board by the State reserve under section 68 (ii) repayment of Government under (iv) interest on principal of any section 64 which becomes bond guaranteed un loan raised (incl due for payment in der s.66; uding redemption of the year or which (v) interest on st debentures or bonds became due for pay ock so guaranteed; issued) under section 65 ment in any previous (vi)interest on sum which become due for year and remained paid by the State payment in the year (iii) payment for Government under (iii) payment of purposes specified guarantees under interest on loans in sub section (2) section 66; guaranteed under of section 59 in such (vii)the write down s.66; manner as the Board amounts paid from (iv)payment of in may decide.