Taisci Stait Teoranta Act, 1963

Power of Company to borrow.

13.—The Company may, by means of the issue of debentures or otherwise, borrow money but—

(a) where a borrowing is not from the Minister, it shall require his consent, and

(b) the aggregate at any one time of the borrowings (including borrowings from the Minister) which have not been repaid shall not exceed seven million five hundred thousand pounds.