Document ID: chunk:federal_register_of_legislation:F2016L01454:reg:33
Version: federal_register_of_legislation:F2016L01454
Segment Type: reg
Provision Reference: reg 33
Character Range: 15972–16858

33  Administration
 (1) The Navy Fund is to be administered by the Board.
 (2) The Navy Fund consists of:
 (a) contributions of money received by the Board from canteens trading; and
 (b) gifts and donations of money or property received by the Board for the purposes of the Navy Fund; and
 (c) money and investments vested in the Board; and
 (d) any other money or property lawfully available for the purposes of the Navy Fund.
 (3) Money and property forming part of the Navy Fund may be applied:
 (a) in making grants to the Navy Relief Trust Fund; and
 (b) in making grants and loans to persons conducting canteens, clubs, cinemas or other institutions or facilities for the welfare or entertainment of members of the Navy; and
 (c) otherwise for the purposes of the Board's performance of its functions or the exercise of its powers under this instrument.

Part 4—Miscellaneous