4. Powers of the Corporation

Subject to the provisions of this Act and any other written law, the Corporation shall have the power —

to borrow or raise money for the purposes of the

to draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate, maintain and close bank accounts in Sri

to enter into agreements or contracts with any person or body of persons in Sri Lanka or outside Sri Lanka ;

to undertake, accept, execute, perform and administer any lawful trusts which may directly or indirectly be conducive to the accomplishment of all or any of the objects of the Corporation ;

to train personnel, in Sri Lanka or abroad, at the expense of the Corporation for the purpose of the

to appoint, employ, dismiss or terminate the services of officers and servants of the Corporation and to pay them such salaries, allowances, pensions and gratuities as may be determined by the Corporation ;

to invest all moneys of the Corporation which are not immediately required for the purpose of carrying out the objects of the Corporation in securities of the Government of Sri Lanka, or in any other form of investment in Sri Lanka.