(1) The Board has the following functions:
(a) to receive contributions of money to the Navy Fund from canteens trading;
(b) to accept gifts and donations of money or other property for the purposes of the Navy Fund;
(c) to make grants of money from the Navy Fund to the Navy Relief Trust Fund for the purposes of that Fund;
(d) to make grants and loans of money and property from the Navy Fund to persons conducting canteens, clubs, cinemas or other institutions or facilities for the welfare or entertainment of members of the Navy;
(e) to purchase, lease, hire or otherwise acquire property for the purpose of providing services, entertainment, recreation or other amenities for members of the Navy;
(f) to dispose of any property acquired by, or vested in, the Board;
(g) to enter into a contract under which the Board, in consideration of a person rendering assistance in connection with the erection of a building to provide services specified in the contract for members of the Navy, accepts the liability to pay a sum of money to that person if the building ceases to be used to provide those services;
(h) to enter into contracts for, or in relation to, the purchase or supply of goods to be sold in canteens or clubs (whether as agent for, or otherwise on behalf of, persons conducting canteens or clubs or for the purpose of resale to those persons);
(i) to sell to persons conducting canteens or clubs goods purchased by the Board for the purpose of resale;
(j) to do such other things as are incidental to the purposes of the Navy Fund.
Note: The Board may also make recommendations relating to the Canteens Service: see section 26.
(2) A grant or loan of money or property under paragraph (1)(d) may be made subject to such conditions as to the application of the money or property as the Board directs.
(3) The Board must not enter into a contract mentioned in paragraph (1)(g) if the services specified in the contract are not services:
(a) in respect of which the Board is authorised to make grants or loans of money or property from the Navy Fund by virtue of paragraph (1)(d); or
(b) for the providing of which the Board is authorised to purchase, lease, hire or otherwise acquire property by virtue of paragraph (1)(e).
(4) The Board has power to do all things necessary or convenient to be done for and in connection with performing its functions.