Annual grants and contributions.~(1) The Government shall, till

such time as they may determine, pay to the Board an annual grant of such amount as may be fixed by the Government from time to time.

1. (2) The Corporation shall contribute to the Board on the first day of April every year a sum equal to two per cent of 1ts gross annual revenue: Provided that the Corporation shall pay the contribution for the financial year 1960-61, on such date as may be fixed by Government by notification in that behalf.
2. (3) The annual payment due from the Corporation under sub- section (2) shall be made in priority to all other payments due from it, except those referred to in section 157 of the Trivandrum City Munici- pal Act (Travancore Act IV of 1116).