GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 18 Issues chargeable against the income of the Loans Fund.

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GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 18

Issues chargeable against the income of the Loans Fund.

18. There shall be charged on and issued out of the income account of the
Loans Funds

(a)interest payable on moneys borrowed under section ten;

Para.(b) rep. by 1978 NI 11 art.14 sch.3 Pt.I

(c)interest included in the price of stock or securities purchased under
section twenty;

(d)such sums as the Ministry may determine to be transferred to the capital
account of the Loans Fund under this section towards making good any net
deficiency in the capital of the Loans Fund (other than a capital deficiency
arising from default in the repayment of the principal of any Government Loan)
... or towards providing a reserve for that purpose;

(e)such expenses of the management and redemption of Ulster Loans stock and
Ulster Loans securities, and the administration of Government Loans, as
the Ministry may from time to time determine;

(f)such other sums, if any, as the Ministry may determine to be of the nature
of issues chargeable to the income account of the Loans Fund.

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Northern Irish Legislation

GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 18