(1) The funds of the Council shall include:-

(a) any grant received from Government by the Council for the discharge of its functions, such grants being charged on the Consolidated Fund;

(b) any moneys accruing to the Council in the course of the performance of its functions under this Decree;

(c) any loans granted by the Government or any banking institution; and

(d) gifts and bequests.

(2) All sums of money received on account of the Council may be paid into such bank or banks as may be approved by the Council for the credit of the Council's general current or deposit account, so however, that the Council may invest as it deems fit, any moneys not required for current use.