CHAPTER 355
LOANS (AUTHORISATION) ACT

Arrangement of Sections

   Section

   1.   Short title

   2.   Interpretation

   3.   Power to raise loans

   4.   Application of loans

   5.   Amounts of loans

   6.   Trust funds

   7.   Other loans

AN ACT

to make provision for the raising of loans; and to provide for matters incidental thereto and connected therewith.

[26th July, 1957]

Act 26 of 1957,

Act 44 of 1961,

Act 28 of 1963,

Act 29 of 1964,

GN 221 of 1964,

GN 497 of 1964,

SI 159 of 1965.

1. Short title

This Act may be cited as the Loans (Authorisation) Act.

2. Interpretation

In this Act, unless the context otherwise requires—

“the Capital Fund” means the Fund established in accordance with a motion adopted by the Legislative Council of the former Protectorate of Northern Rhodesia on the 19th July, 1955;

“the Capital Fund Estimates” means those estimates of expenditure from the Capital Fund which are approved specifically by the National Assembly from time to time by motion;

“net amount” means the amount of a loan less any sum necessary to defray the cost of the issue of the loan.

[S 2 am by Act 28 of 1963; GN 221 of 1964; SI 159 of 1965.]