Section 16. Sanction of the budged estimate under the Grants

The sanction of the budget estimates shall be granted under the following grants .(The letters in brackets refer to items in Part II-B--"Deduct Working Expenses" of Schedule I unless otherwise stated) : . Grant 1—Traffic—This grant shall include expenditure on Traffic (Item A). . Grant 2—Repairs, Supplies and Taxes—This grant shall include expenses under repairs and maintenance, power and licences and taxes (Items B, C and D). .Grant 3—Administratiov—This grant shall include, administrative and other general expenses, such as expenditure on welfare and superannuation, etc., (Items E and F). .Grant 4—Depreciation—This grant shall include expenditure on contribution to the Depreciation Fund (Item G). . Grant 5—Interest and debt charges—This grant shall include expenditure on the interest to be paid by the Corporation and the income-tax on interest on investments deducted at the source (Items H, I and J). .Grant 6—Provisions for future contingencies—This grant shall include expenditure on various provisions such as for clearance of stock adjustment account, for obsolescence of stores, etc. (Item K). . Grant 7—Contribution to Funds—This grant shall include expenditure on the contribution to the various funds set up by the Corporation except the Depreciation Fund (Part II-B--"Contribution of Funds"). .CAPITAL EXPENDITURE .(The figures in brakets refer to items in Part I-B,--Expenditure of Schedule I) : .Grant 1—Land and Buildings (Items 1 and 2). .Grant 2—Motor Buses, trucks, etc. (Item 4). .Grant 3—Machinery and plant and miscellaneous equipment (Items 3 and 5). . Grant 4—Miscellaneous (Item 6). . Grant 5—Deduct expenditure to be met out of funds (Item 7).