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DEVELOPMENT SERVICES ACT (NORTHERN IRELAND) 1948 - SECT 8

8.(1) Any expenses incurred under this Act by the Ministry or by any other
Government department (including the amount of any grant authorised to be paid
by the Ministry or other department, as the case may be, under this Act)
shall, subject to the provisions of this sub-section, be defrayed either out
of moneys provided by Parliament or (if the Ministry so directs) by means of
sums charged on and issued out of the Consolidated Fund:

Provided that the total amount to be defrayed by virtue of this sub-section by
means of sums charged on and issued out of the Consolidated Fund shall not,
unless and until Parliament otherwise provides, exceed the sum of [forty
million pounds].

(2) For the purpose of providing any sums which may be issued out of the
Consolidated Fund under the preceding sub-section the Ministry may, if it
thinks fit, borrow any sum...

[(3) Moneys borrowed under the last preceding sub-section shall be repaid
within any period or periods not exceeding fifteen years from the date of
borrowing, and provision for such repayment may be made out of moneys provided
by Parliament.]

© 1948 Crown Copyright

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