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14. Formation of Shipping Development Fund.- There shall be formed a fund to be called the Shipping Development Fund (hereinafter in this Part referred to as the Fund) and there shall be credited thereto-

(a) the amount of such grants as the Central Government may make for being credited to the Fund;

(b) the amount of any loans advanced by the Central Government to the Committee constituted under section 15 for carrying out the objects of the Fund;

(c) such sums of money as may, from time to time, be realised out of repayment of loans made from the Fund or from interest on loans or dividends from investments made from the Fund;

(d) such other sums as may be received for being credited to the Fund.

 

 

 

 

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