(3) III respect of subsections ( I ) and (2). (he Minister IIIUSt(tI) consider the ad\ ice of the Council: and (1~) pro~ide reasons in writing ad\ice. Employees of Council to the Council if the Minister does not accept the 5 11. (1) (a) The Council may appoint such employees as are necessary to perform the functions of the Council. (b) (i) The Council must appoint a chief executive oficer who must be responsible for the management of the affairs of the Council. and who must report on those affairs to the 10 Council as often as may be required by the Council. (ii) The chief executilfe oticer is also the accounting officer charged with the responsibility of accounting for all money received and the utilisation thereof and is responsible for the property of the Council. (2) The Council shall out of its own funds pay to its employees such remuneration, allowances, subsidies and other benefits as the Council may determine in consultation 15 with the Department of Public Service and Administration and with the approval of the Minister granted with the concurrence of the Minister of Finance. (3) The determination of the remuneration and other conditions of service of persons appointed under subsection ( 1 ) must be in accordance with a scheme approved by the ~o Minister in consultation with the Minister of Finance. Financing I ne runas ot— 12. (1)-’of the Council “ ‘ shall ‘“ consist “ “ (a) money appropriated by Parliament to enable it to perform its functions and exercise its powers: 25 (b) donations or contributions received from any source; (c) trust funds vested in it; (d) interest derived from investments; and (e) money received from any other source. (2) (a) The Council shall utilise-its funds to defray expenses in connection with the 30 performance of its functions. (b) The Council shall utilise any money contemplated in subsection (1)(a) in accordance with the sta(ement of its estimated income and expenditure referred to in subsection (3), as appro~’ed by the Minister: Provided that, subject to para&raph (a), the Council may utilise any amount or portion of any amount required to be so utilised for a particular purpose in connection with a specified matter, for any other purpose in 35 connection with such matter: Provided further that the Council may with the approval of the Minister utilise any balance of such money remaining at the end of the financial year of the Council for any expenses in connection with the performance of its functions. (c) The Council shall utilise any donations or contributions contemplated in subsection (1)(b) in accordance with the conditions, if any, imposed by the donor or 40 contributor concerned. (3) (a) The Council shall in each financial year, at such time as the Minister may direct, submit a statement of the Council’s estimated income and expenditure during the following financial year, and the Council may also during the course of a financial year submit supplementary statements of the Council’s estimated expenditure for that 45 financial year, to the Minister for approval , granted with the concurrence of the Minister of Finance. (b) The Council shall not incur any expenditure in excess of the total amount approved under paragraph (a). (4) The Council may invest any unexpended portion of its funds in accordance with 50 the directions determined by the Minister in consultation with the Minister of Finance. (5) The Council may only lend or borrow moneys with the prior approval of the Minister in concurrence with the Minister of Finance. (6) The Council may establish such reserve funds and deposit therein such amounts as 55 the Minister may approve. vrith the concurrence of the Minister of Finance.