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CONTRACTS OF EMPLOYMENT AND REDUNDANCY PAYMENTS ACT (NORTHERN IRELAND) 1965 - SECT 45



45.(1) Subject to the following provisions of this section, the Ministry of
Finance may from time to time advance out of the Consolidated Fund to
the Ministry, for the purposes of the fund, such sums as the Ministry may
request; and any sums advanced to the Ministry under this section shall be
paid into the fund.

(2) The aggregate amount outstanding by way of principal in respect of sums
advanced to the Ministry under this section shall not at any time exceed [two
million pounds].

(3) The Ministry of Finance may, for the purpose of providing any sums to be
advanced under this section out of the Consolidated Fund or any part of such
sums, or of providing for the replacement of sums so advanced, borrow money.

(4) Any sums advanced to the Ministry under this section shall be repaid by
the Ministry out of the fund into the Exchequer in such manner and at such
times, and with interest thereon at such rate, as the Ministry of Finance may
direct.

Subs.(5) rep. by 1976 NI 21 art.18 sch.3


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© 1965 Crown Copyright

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