Seeds and Fertilisers Supply Act, 1932

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Validation of borrowing of certain sums.

7.—(1) This section applies to all sums which have been or shall be borrowed with the approval of the Minister by the council of a county on or after the 9th day of March, 1932 and before the date of the passing of this Act, for the purpose of providing seeds or fertilisers or both seeds and fertilisers for distribution in such county or in any particular portion thereof.

(2) Every sum to which this section applies shall be deemed to have been legally borrowed by the council by which the same was borrowed, and shall be repaid by such council on or before the 31st day of March, 1934 with interest at the rate agreed upon.

(3) Every sum to which this section applies and the interest thereon at the rate aforesaid shall be deemed to be charged as from the date on which such sum was borrowed on the poor rate leviable in the county of the council by which the same was borrowed.