GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 13 Conditions for borrowing for Loans Fund.

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GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 13

Conditions for borrowing for Loans Fund.

13.(1) Where the Ministry borrows money for the purposes of the Loans Fund,
such borrowing shall be subject to such rate of interest and such conditions
as to repayment or otherwise

(a)where the money is borrowed under paragraph (c) or paragraph (d) of
sub-section (1) of section ten, as the Ministry may from time to time
determine;

(b)where the money is borrowed under paragraph (e) or paragraph (f) of the
said sub-section, as may be agreed upon between the Ministry and the Exchequer
Bank.

(2) Any enactment authorising the investment of moneys belonging to such a
Fund as is described in paragraph (d) of sub-section (1) of section ten shall
be deemed to authorise the making of loans to the Loans Fund.

S.14 rep. by 1971 c.6 (NI) s.9(3) sch.3

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Northern Irish Legislation

GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 13