Selangor State Scholarship Fund Enactment 1949
Seksyen
8
Tajuk
Subject to the provisions of sub-section 2 hereof the Board shall apply the capital and income of the Fund whencesoever derived to provide scholarship of such number and amount and on such terms and conditions as the Board shall in its discretion decide or in any other way to promote educational development within the State:
Provided that seventy-five per cent of all monies paid into the Fund shall be applied to provide scholarship for on to promote the educational development of Malay subjects of His Highness and twenty-five per cent of all such monies shall be applied in a like manner in respect of Federal Citizens resident in the State other than Malays and that any income derived from the investment of the seventy-five per cent. of the Fund to be applied to provide scholarship for or to promote the educational development of Malay subjects of His Highness shall similarly be applied for a like purpose and any income derived from the investment of the twenty-five per cent of the Fund to be applied in a like manner in respect of Federal Citizens resident in the State other than Malays shall similarly be applied in respect to such persons for a like purpose:
Provided further that any person to whom a scholarship is awarded or who receives any other educational assistance from the Fund shall enter into an agreement with the Board that at the conclusion of the period of study provided by such scholarship or assistance he will undertake or continue, if he is already in the service of the Government, service with the Government for such period as the Board may decide.
All expenses incurred by the Board in the control and management of the Fund shall be defrayed from the assets of the Fund and shall be a first charge on such assets.
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