Power to write off losses.

37. The Board shall be competent to write off losses upto five hundred rupees in individual cases and not exceeding five thousand rupees in the aggregate in any financial year in cases falling under any or all of the following categories:— (a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other cause, (b) loss of irrecoverable advance other than loans, and (c) dificiency and depreciation in the value of stores.