(1) The interest and profits from time to time accruing from the investment of the Fund must be applied by SEGC to pay:

(a)

the expenses incurred in the administration of the Fund, including the salaries and wages of persons employed by SEGC or the Board in relation to the Fund; and

(b)

all premiums payable in respect of contracts of insurance or indemnity entered into by SEGC under section 982; and

(c)

principal, interest and other amounts payable by SEGC in respect of money borrowed, and security given, under section 930A.

(2) An amount of interest or profit that accrues from the investment of the Fund and is not immediately required for the purposes referred to in subsection (1) must be paid into the Fund.