Section 93, The Rural Area (2) This Ordinance shall come into operation on the first day of January, 1950, or

(1) The revenue of a village committee shall be paid intoa fund to be known as a village fund and shall consist of- (a) twenty per centum of the rates paid to the rural district council in respect of premises situate within the village area; (b) twenty per centum of the fees paid under items 3, 4, 5, 7 and 9 of Part I of the Third Schedule in respect of premises situate within the village area; (c) any moneys paid to it by the Rural Area Council or the rural district council whether as grant-in-aid, endowment or otherwise; and (d) any other moneys lawfully received by the village committee from any source whatsoever. (2) The fund of a village committee shall be in the custody of the person responsible for the custody of the district fund who shall keep a separate account for the fund of each village committee. (3) On the last day of each month the rural district council shall cause the account of each village committee to be credited with the amount payable in respect of rates, under sub-section 1 (a) of this section. (4) Any balance to the debit or credit of a village fund at the end of a financial year shall be carried forward to the next financial year.