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Application of surplus borrowed money.
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33.—When the works authorised by this Act shall have been completed the surplus (if any) of money borrowed under this Act remaining in the hands of the Board shall if such surplus amounts to or exceeds the sum of £1,000 be applied in reduction of the amount then outstanding of any loan raised by the Board under the powers of this Act and if such surplus shall be less than the sum of £1,000 the same shall be transferred to the Bridge Rate Account of the Board and be applicable for or towards the discharge of the costs charges and expenses chargeable under this Act to that rate in the then present or any future financial year of the Board.
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