Tourist Traffic Act, 1952

Limitations on guarantees and grants.

18.—(1) The aggregate capital amount of all loans guaranteed (whether as to principal and interest or as to one or other only) under this Part shall not exceed three million pounds.

(2) No loan of less than five hundred pounds shall be guaranteed under this Part.

(3) The aggregate amount of grants made by the Board under this Part shall not exceed seventy-five thousand pounds in any financial year.