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FORESTRY ACT (NORTHERN IRELAND) 1953 - SECT 15

Financial provisions.

15.(1) All expenditure incurred by the Ministry in carrying this Act into
effect and all payments made by the Ministry under or in pursuance of any of
the provisions of this Act shall, except to the extent to which the Ministry
of Finance may under sub-section (2) of this section direct such expenses to
be defrayed from the Consolidated Fund, be defrayed out of moneys provided by
Parliament.

(2) Expenditure, not exceeding in the aggregate the sum of [one million five
hundred thousand pounds], incurred or to be incurred by the Ministry in
purchasing, taking on lease, or otherwise acquiring any land, buildings or
works under paragraphs (a) or (d) of sub-section (1) of section two of
this Act or in exchanging any land under paragraph (b) of that sub-section or
in purchasing or otherwise acquiring standing timber under paragraph (b) of
sub-section (1) of section three of this Act shall, if the Ministry of Finance
so direct, be defrayed by means of sums charged on and issued out of the
Consolidated Fund.

(3) The Ministry of Finance may borrow money for the purpose of providing
issues out of the Consolidated Fund under sub-section (2) of this section.

(4) Moneys borrowed under sub-section (3) of this section shall be repaid
within twenty-five years from the date of borrowing, and provision for such
repayment may be made out of moneys provided by Parliament.

(5) All sums payable to the Ministry under or by virtue of any of the
provisions of this Act shall be paid into the Exchequer.]

© 1953 Crown Copyright

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