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INDUSTRIAL INVESTMENT (GENERAL ASSISTANCE) ACT (NORTHERN IRELAND) 1966 - SECT 13

Annual reports.

13.(1) The expenses incurred by the Ministry under this Act shall, except to
the extent to which the Ministry of Finance may under subsection (2) 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 hundred and
fifteen million pounds], incurred or to be incurred by the Ministry in making
grants or loans under this Act shall, if the Ministry of Finance so directs,
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 for
issues out of the Consolidated Fund under subsection (2).

(4) Moneys borrowed under subsection (3) 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.

© 1966 Crown Copyright

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