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GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 19

Income and expenditure account of the Loans Fund.

19.[(1) If the income of the Loans Fund received or accrued in respect of any
financial year is in excess of the expenditure charged or chargeable to the
income account of the Loans Fund in respect of that year, the excess shall, on
such date as the Department may determine, be transferred to the Consolidated
Fund.]

(2) If the expenditure charged or chargeable to the income account of the
Loans Fund in respect of any financial year is in excess of the income of the
Loans Fund received or accrued in respect of that year (including any balance
in the Income Account brought forward from the preceding financial year) a sum
equal to such deficiency of income shall be charged on and issued to the
Loans Fund out of the Consolidated Fund.

© 1957 Crown Copyright

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