Chapter referred to as an ‘Apex Society’).

(1) An Apex Society which is provided with moneys as aforesaid shall, with such moneys, establish a, Fund to be called the “Principal State Partnership Fund”. (2) An Apex Society shall utilise the Principal State Partnership Fund for the purpose of—(a) directly purchasing shares in other societies with limited liability ; (b) providing moneys to a, Society to enable that society (hereinafter in this Chapter referred to as a “Central Society”) to purchase shares in other societies with limited liability (the latter societies being hereinafter in this Chapter referred to as ‘Primary Societies”). (c) making payable to the State Government in accordance with the provisions of this Chapter ; and for no other purpose.