(1) The funds and resources of Invest Saint Lucia shall be applied —
(a) in defraying the following charges —
(i) the remuneration and allowances of the members of the Board or of any committee of the Board,
(ii) the remuneration, salaries and gratuities, including payments for the maintenance of the Provident Fund or Pension Fund authorized by this Act, of the officers, agents and employees and technical and other advisers, of Invest Saint Lucia,
(iii) working and establishment expenses, and expenditure on, or provision for, the maintenance of the property and of any of the works of Invest Saint Lucia and the insurance of the same and the discharge of the functions of Invest Saint Lucia,
(iv) interest on any debenture and debenture stock or other security issued, and on any loan raised, by Invest Saint Lucia,
(v) sums required to be transferred to a sinking fund or otherwise set aside for the purpose of making provision for the redemption of debentures or debenture stock or other security for the repayment of other borrowed money,
(vi) such sums as it considers appropriate to set aside in respect of depreciation of the property of Invest Saint Lucia,
(vii) any other expenditure authorised by Invest Saint Lucia;
(b) in the purchase of plant, equipment, stores and any other materials, and for the purchase of lands or the construction of buildings and the carrying out of any other works and undertakings or the establishment of industrial enterprises in the discharge of its various functions under this Act.
(2) The balance of the funds and resources of Invest Saint Lucia belongs to the Government and shall be dealt with or applied in accordance with any direction which may be given to Invest Saint Lucia by the Minister responsible for finance.