[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

GOVERNMENT LOANS ACT (NORTHERN IRELAND) 1957 - SECT 9

Saving in event of default.

9.(1) Nothing in section six, section seven or section eight shall alter the
liability of any person to pay the principal of, or interest or premium
payable on, any Government Loan, nor operate so as to prejudice or affect the
right of the Ministry, in the event of any default by the borrower of any
Government Loan, to recover from the borrower or any surety the full amount of
any principal outstanding on foot of any such loan, or of any interest or
premium payable in respect of that loan (including any interest payable under
section five).

(2) Where any principal sum is directed by Parliament to be written off from
the assets of the Loans Fund, any sum afterwards recovered whether for
principal or interest or premium in respect of such principal sum shall be
paid into the Exchequer.

© 1957 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/glai1957360/s9.html