CHAPTER 351
LOAN ACT

Arrangement of Sections

   Section

   1.   Short title

   2.   Authority to Minister to borrow by sale of debentures or stock

   3.   Application of loan

   4.   Commencement of contribution to sinking fund

   5.   Power to issue treasury bills

      SCHEDULE

AN ACT

to make provision for raising a loan of K4,500,000; and to provide for matters incidental to or connected therewith.

[24th April, 1931]

Act 21 of 1931,

SI 159 of 1965.

1.   Short title

This Act may be cited as the Loan Act.

2.   Authority to Minister to borrow by sale of debentures or stock

The Minister is hereby authorised to issue debentures or stock or both under the provisions of the General Loan and Stock Act, to an amount sufficient to produce as nearly as may be the sum of K4,500,000, and such further sum as may be necessary to defray the expenses of issue.

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