Section 8B. (I) Every Board shall pay from its Wakf Fund annually to the Council such contribution as is equival

8B. (I) Every Board shall pay from its Wakf Fund annually to the Council such contribution as is equivalent to one per cent. of the aggregate of the net annual income of the properties of the wakfs in respect of which contrihutior~ is payable under sub-section (I) of section 46: Provided that where the Board in the case of any partioillar wakf has remitted under sub-section (2) of section 46 the whole of the contribution payable to it under sub-sectioa (I) cjf that section, then for calculating the contribution payable to the Council under this section, !he net annual income of the property of the wakf in respect of which such remission has been granted shall not be taken into account. (2) All monies received by the Council under sub-section (I) and a19 other monies received by it as donations, benefactions and grants shall form a fund to be called the Central Wakf Fund, Wakf (Amer~drnent) or 19641 (3) Subject to any rules that may be made by the Central Government in this behalf, the Central Wakf Fund shall be under the control of the Council and may be applied for such purposes as the Council may deem fit.