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NEW TOWNS ACT (NORTHERN IRELAND) 1965 - SECT 18

Borrowing powers of new town commissions.

18. A new town commission may, with the consent of the Ministry, borrow
temporarily from any other person by way of overdraft or otherwise such sums
as they may require, but save as is provided by this section and subject to
the provisions of this Act with respect to the making of advances to
new town commissions, a new town commission shall not, for the purposes of
their development functions, have power to borrow money.

© 1965 Crown Copyright

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