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DEVELOPMENT LOANS (AGRICULTURE AND FISHERIES) ACT (NORTHERN IRELAND) 1968 - SECT 3

Advances to and repayments from the Agricultural Loans Fund.

3.(1) The Ministry of Finance may issue to the Ministry from the Consolidated
Fund such sums as may be required from time to time for the purposes of the
Agricultural Loans Fund, but the aggregate amount of the sums so issued
(including sums issued pursuant to the provisions of any enactment repealed by
section 9 and Schedule 2) shall not exceed [eighteen million pounds].

(2) The Ministry of Finance may borrow money for the purpose of providing for
issues from the Consolidated Fund to the Agricultural Loans Fund.

(3) Advances made by the Ministry of Finance to the Agricultural Loans Fund
shall be repayable to the Consolidated Fund by annuities (including principal
and interest) over such period and at such rate of interest as that Ministry
may determine, but the Ministry may from time to time apply any moneys
standing to the credit of the Agricultural Loans Fund and not immediately
required for the purposes of that Fund in accelerated repayment of advances to
the Fund.

© 1968 Crown Copyright

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