(2) The sum referred to in section 11 and any other money received by the Board shall be credited to a Fund to be called the Coal Mines Safety and Conservation Fund which shall be applied by the Board, in such manner and subject to such conditions as may be prescribed, to—
(a) meeting the expenses in connection with the administration of the Board and the furtherance of the objects of thi Ordinance;
(b) the grant of stowing materials and other assistance for stowing operations to the owners, agents or managers of cos!
mines;
(c) the execution of stowing and other operations in further ance of the objects of this Ordinance;
(d) the prosecution of research work connected with safWv in coal mines or conservation and utilisation of coal;
(e) meeting the cost of administering the Fund and «,« expenses in connection with Advisory Committees;
(/) the grant to State Governments, research organisation, local authorities and owners, agents or managers of V o T m l e of money in aid of any scheme approved by the CentralTn!
ernment in furtherance of the objects of this Ordinance;
6 TEE GAZETTE OF INDIA EXTRAORDINARY [PART IT
(g) any other expenditure which the Central Government directs to be defrayed out of the Fund.
(2) The Board shall keep accounts of the Fund, and such accounts shall be examined and audited at prescribed intervals by the auditors appointed in this behalf by the Central Government.