All Monies from Time to Time received under this Act by or for the Guardians, or vested in or belonging to the Guardians under or by virtue of this Act, shall be applied—
First, in Payment of the Costs, Charges, and Expenses of and incident to the obtaining and passing of this Act:
Secondly, in maintaining, repairing, and improving the Birmingham Proof House, and providing, maintaining, repairing, and improving the Branch Proof Houses of the Guardians, and proving, and marking as proved, the Barrels tendered at the same respectively for Proof, including the Remuneration, Salaries, and Wages of the Proof Master, Wardens, Assistant Proof Masters, and other Officers, Workmen, and Servants of the Guardians, the Remuneration of the elected Guardians, and other the incidental Expenses of the Guardians in the Execution of this Act:
Thirdly, in Payment of the Superannuation Allowances and Gratuities granted under this Act to Officers, Workmen, Servants, and others:
Fourthly, when and so soon as the Guardians think fit, in providing and maintaining a Rifle Shooting Ground and all necessary Erections by this Act authorized:
Fifthly, in contributing such Sums as the Guardians think fit towards a Benefit or Superannuation Fund, if One be established by the Birmingham Gun Trade:
Sixthly, the Surplus and the Income of the Investments thereof shall constitute “the Reserve Fund:”
And whenever the Reserve Fund exceeds Five thousand Pounds the Guardians may, . . . F1, [F2reduce the prices] for proving Barrels, and they may apply all, or such Part as they think fit, of the Excess of the Reserve Fund above Five thousand Pounds towards the Expenses of Management of the Birmingham Proof House and Branch Proof Houses.
Textual Amendments
F1Words repealed by Gun Barrel Proof Act 1950 (c. iii), s. 5(a)
F2Words substituted by Gun Barrel Proof Act 1950 (c. iii), s. 5(b)