2. Amendment of section 2 of Chapter 404,
கருத்துகள் மற்றும் உதவிஅதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள அல்லது தமிழ் உரையிலிருந்து வேறுபடும் இடங்களில் எந்த உரை மேலோங்கும் என்பதைச் சட்டமே குறிப்பிடுகிறது.
Section 2 cf the Local Loans and Development Ordi-mance (hereinafter referred to as the “principal enact-ment”) is hereby amended as follows :—
by the repeal of subsection (2) of that section and the substitution of the following subsection there-for :—
-
“ (2) The commissioners shall consist of at leas!
thirteen persons all of whom shall be appointed by the Minister, and—
one of whom shall be the Secretary to the
Ministry of the Minister who shall also be the Chairman thereof
;
one of whom shall be a public officer nomina-ted, by name or by office, by the Minister in charge of the subject of Finance ;
eight of whom shall be members of the pro-vincial public services of the respective pro-vinees nominated, by name or by office, by the respective Governors of such provinces
;
three other persons nominated by the Minis-ter, of whom at least one shall be a person who has had experience in banking”
;
by the addition, at the end of that section, of the following subsections
:—
“ (4) The commissioners shall meet as often as may be deemed necessary by the Chairman:
Provided however that a meeting of the cornmis-sioners shall be held at least once in every three months,
The quorum for any meeting of the com-missioners shall be five, of whom at least one shal.
be a commissioner appointed under paragraph (c)
of subsection (2).”.