Exported Animals (Compensation) Act (Northern Ireland) 1952

4Exported Animals (Compensation) Fund.N.I.

(1)The Trustees shall establish, maintain and manage in accordance with this Act a fund to be known as the Exported Animals (Compensation) Fund for Northern Ireland (in this Act referred to as “the Fund”).

(2)There shall be credited to the Fund by the Trustees all moneys received by them under this Act, and there shall be paid out of the Fund—

(a)all compensation payable under this Act;

(b)all moneys required for the repayment of moneys borrowed under this Act by the Trustees or for the payment of interest on such moneys;

(c)all sums directed by this Act to be paid by the Trustees out of the funds at their disposal under this Act; and

(d)all expenses incurred by the Trustees in the execution of this Act.