View All - 1971 Acts Section No : Acts & Ordinances FINANCE ACTMarginal Notes1. This Act may be cited as the Finance Act, No. 38 of 1971.2. Moneys in the Compulsory Savings Fund to be loaned to the Government.3. Certain expenses to be met out of the Compulsory Savings Fund. 4. Interpretation 5. Application of provisions of this Part of this Act. 6. Effective, date for implementation of this Part of this Act. 7. Financial obligations of a public corporation. 8. Preparation of budgets of public corporations. 9. Revenue and determination of net surplus and net deficit. 10. Appropriation of net surplus revenue of a public corporation. 11. Investment of moneys of a public corporation. 12. Accounts of a public corporation. 13. Rendering of accounts and audit. 14. Accounts and reports to be laid before the House of Representatives. 15. Recommendations of the Public Accounts Committee. 16. Borrowing powers of a public corporation. 17. Subsidies from the Government. 18. Seduction of capital of a public corporation. 19. Dissolution of a public corporation. 20. Liquidator's powers. 21. Closure of liquidation. 22. Interpretation. 23. Financial year of Government and of public institutions. 24. Interpretation. 25. Establishment of special deposit accounts to receive voluntary contributions in money made to the Government for specified charitable purposes. 26. Payments from deposit accounts. 27. Date of operation of section 28. 28. Amendment of section 240 of the Motor Traffic Act. (Cap. 203) 29. Levy of penalty of ten per centum for failure to pay licence fees on due date. 30. Amendments to Act No. 1 of 1971. 31. Retrospective effect of amendments.