(1) There shall be paid out of the Consolidated Fund of Ceylon to the Monetary Board such sums as may be determined by resolution of the House of Representatives for defraying-
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| (a) all expenditure, including capital expenditure, incurred by such Board and the Commissioner In carrying out the provisions of this Act during the period of twelve months commencing on the date of enactment of this Act; and | | |
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| (b) all capital expenditure incurred by such Board and the Commissioner in carrying out the provisions of this Act during the period of twenty-four months commencing on the day immediately succeeding the date of the termination of the period referred to in paragraph (a) of this subsection. | | |
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