Trade Loans (Guarantee) Act, 1924

Moneys required to be issued out of Central Fund.

3.—(1) Such sums as may from time to time be required by the Minister for Industry and Commerce for fulfilling any guarantee given under this Act or for granting any loan authorised by this Act shall be charged on and issued out of the Central Fund or the growing produce thereof.

(2) The Minister for Finance may, for the purpose of providing for the issue of sums out of the Central Fund under this section or for paying off any securities issued under this section so far as such payment is not otherwise provided for, borrow money by means of the issue of such securities as he thinks proper, and all sums so borrowed shall be paid into the Exchequer.

(3) The principal and interest of all securities issued under this section shall be charged on and payable out of the Central Fund or the growing produce thereof.