This Enactment may be cited as the Selangor State Scholarship Fund Enactment, 1949.

In this Enactment unless the context otherwise requires –

“the Board” means the Board of Trustee of the Selangor State Scholarship Fund constituted under section 4 of this Enactment;

“the Fund” means the Selangor State Scholarship Fund established under section 3 of this Enactment;

“the Government” means the Federal Government or the Government of any State or Settlement.

A fund shall be established to be called the Selangor State Scholarship Fund. The capital of the Fund shall consist of –

(a) a sum of $60,000, or such other sum as may be decided upon by the Council of State each year, which shall be appropriated from the revenue of the State in every year, commencing on the 1st day of January, 1949, and paid to the Fund; and

(b) all other monies which may be contributed, loaned or in any other way paid to the Fund.

The control and management of the Fund shall, subject to the provisions of this Enactment, be vested in a Board which shall consist of the Mentri Besar as President, three ex officio Members, that is to say, the British Advisor, the State Secretary, and the Senior Inspector of Schools and not more than three other persons, of whom at least two shall be Unofficial Members of the Council of State, appointed by His Highness in Council.

The period of appointment of unofficial members of the Board shall be two years, but such members shall be eligible for reappointment.

His Highness in Council may at any time remove from office any member of the Board and appoint another in his place.

The Mentri Besar shall be the President of the Board. He shall act as Chairman at all meetings of the Board which he shall attend but-in his absence the members present shall elect one of their number to be Chairman.

The officers from time to time acting as Senior Inspector of Schools shall be the Secretary of the Board.

The Board shall meet at such places and times as the President shall appoint and at any meeting four persons shall form a quorum.

Any questions or resolution requiring determination or decision by the Board shall be decided by a majority of votes of those members of the Board present and voting and, in the event of an equality of votes, the Chairman shall have a second or casting votes.

The Board shall be a body corporate and shall have perpetual succession and a common seal and may from time to time break, change, alter and make anew such seal if the Board shall think fit, and may acquire, take, hold and enjoy, whether as owner or by way of security, -and may sell, convey, transfer, assign, re-convey, re-assign, surrender or otherwise dispose of or deal with movable and immovable property of every description and may by its corporate name enter into contract, sue and be sued.

The common seal of the Board shall not be used except by the authority of the Board. Every document requiring the seal of the Board shall be sealed with its common seal in the presence of any two members of the Board or any one member and the Secretary, each of whom shall sign such document, and such signing shall be sufficient evidence that the common seal of the Board was duly affixed by authority of the Board.

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.

The Board shall –

(a) invest the monies which shall become vested in it or such part thereof as it shall from time to time think fit in any securities in which trustees are for the time being authorised by law to invest trust funds;

(b) deposit any monies which may from time to time be uninvested with any Bank either upon fixed deposit or upon current account:

   Provided that the Board shall have power to vary investments from time to time and to employ the Bankers of the Fund or any other agency to invest the monies of the Fund on its behalf. Such investments shall be registered in the name of the Board.

His Highness in Council may make regulations for the proper performance by the Board of its duties and for the keeping of its accounts and the preparation of its balance sheets.

The Board may make regulations for the purpose of carrying into effect the provisions of this Enactment.