All funds needed to be raised through public and private donations.

Adequate funds would need to be made available for the same through the Plan process.

For one, funds need to have three years of history.

To break the record, the fund would need to collect $393,331.85.

They had established by when the funds needed to be transferred.

To break the record of $5,083,520.81, the fund would need to collect $25,300 a day for the next 21 days.

This meant that all funds need to fight the fire would be provided by the local government.

To buy such contracts, however, the fund needs to put down just 4 percent of their value.

Asia's financial crisis is not over, and the fund may need the money in the coming months.

"The fund needs to get back to basics to deal with the problems of the 21st century."