After providing for the reserve fund as provided in Section 66, Contribution

After providing for the reserve fund as provided in Section 66, and for the educational fund as provided in section 68, a Society may set aside a sum not exceeding twenty 'per cent, of its net prefitsand utilise, with the approval 'of the State» Cesoperative Union as may be notified by the State Government in this behalf from time to time, the ‘whole or part of such sum in contributing to any Co-operative purpose, or any charitable purpose within the meaning of section 2 of the Charitable Endowments Act, 1890 or to any other public purpose.