Chapter 29:15 URBAN COUNCILS ACT (b) the expenses incurred by the council in providing, developing and maintaining any buildings, works, services or other matters which are within the area of, and solely for the benefit of the inhabitants of the area concerned, but excluding roads and employment bureaux; (c) the expenses incurred by the council in providing, developing and maintaining any roads which— (i) are within the area of and solely for the benefit of the inhabitants of the area concerned; or (ii) provide access to the area concerned; and which are declared by the Minister by notice in writing to the council, to be roads to which this paragraph shall apply; (d) the acquisition by purchase or lease of land within the boundaries of the area concerned for the purposes of that area or the development of that area; (e) charges made by the council for water, electricity, sanitation and other services rendered to the area concerned, not exceeding— (i) in the case of any such service for which a tariff is fixed for recovery of charges from individual inhabitants, the appropriate charge for such service in respect of a similar type of property within the council area; (ii) in the case where electricity or water is supplied in bulk for distribution at the expense of the housing account, the actual cost of such bulk supply as certified by auditors of the council; (iii) in the case of any such service not referred to in subparagraph (i) or (ii), such amount as the Minister may approve; (f) if any deficit in the electricity or water account, as the case may be, is debited to the rates account, a proportion of that deficit calculated in the same manner as the proportion of any surplus in that account is calculated in terms of paragraph (h) of subsection (2): Provided that the proportion of any deficit referred to in this paragraph shall not be paid from the housing account where the supplies to the area or areas concerned are provided in bulk and at cost as mentioned in subparagraph (ii) paragraph (e); (g) such overhead charges of the council as may be approved by the Minister; (h) any costs incurred by the council in connection with the acquisition, construction or maintenance of buildings used in connection with the supervision and administration of the area concerned; (i) any expenditure incurred by the council in connection with the acquisition or construction and the maintenance of any hostel in the area concerned; (j) any costs incurred by the council in connection with a service which by this Act or any other law is authorized to be expended from the housing account; (k) any expenditure, loss or liability incurred by the council connection with the account; (l) the cost of the audit of the account. (5) The Minister may direct a council to eliminate or reduce any deficit in its housing account within such period as he may specify, and if the council fails to the satisfaction of the Minister to comply with any such direction the Minister may, on behalf of the council, assess and levy any charge or impose any rent in respect of the area concerned for the purpose of eliminating or reducing the deficit. 302 Investment of moneys (1) If a council has in any fund or account moneys which are not immediately required for the payment of expenditure payable from that fund or account, then, unless otherwise provided in this Act or any other law, the council shall hold such moneys as balances on current account with a commercial bank or shall invest them in one or more of the following ways— (a) balances or deposits with, or bills issued by, any person registered in terms of the Banking Act [Chapter 24:01]; (b) Treasury bills; (c) locally registered securities which are issued by— (i) the State or a municipal council; or 122