Great Northern Railway Act, 1953

Payments for capital expenses.

33.—(1) The Minister, with the consent of the Minister for Finance, shall pay to the Board one-half of any amount agreed between the Minister and the Ministry to be provided in equal shares in pursuance of subparagraph (1) of paragraph 7 of the scheduled agreement.

(2) The Minister, with the consent of the Minister for Finance, may make payments to the Board to enable the Board to meet any capital expenses of the undertaking to be provided by the Minister in pursuance of subparagraphs (2), (3) and (4) of paragraph 7 of the scheduled agreement.

(3) Payments under this section shall be made on such terms as to repayment, interest or otherwise as may, with the consent of the Minister for Finance, be agreed between the Minister and the Board.