Foir Teoranta Act, 1972.

Power to borrow.

12.—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 and borrowing for any of the purposes of the Company which are consequent upon section 19 of this Act, but excluding borrowings by Taiscí Stáit Teoranta) which have not been repaid shall not exceed £7,500,000.