28. The revenue of the Corporation in any year shall be applied in defraying the following charges in the order of priority set out hereunder:-
| (a) the working and establishment expenses (including allocations to the insurance reserve and depreciation reserve), in connection with the exercise and performance of the powers and duties of the Corporation, properly chargeable to revenue account and the payment of taxes; |
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| (b) the interest on any temporary loan raised by the Corporation; |
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| (c) any sums required to be transferred to any sinking fund or redemption fund; and |
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| (d) the interest on, and the repayment of, the principal of any Government loan to the Corporation. |
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Sri Lanka Consolidated Acts