Seeds and Fertilisers Supply Act, 1942

Borrowing power.

7.—(1) The council of a county may borrow with the sanction of the Minister such moneys as may be necessary for the purpose of the provision under this Act of seeds and fertilisers or of seeds only or of fertilisers only and the sum so borrowed shall not be reckoned as part of the debt of such council for the purpose of any enactment limiting the borrowing powers of such council and shall be repaid in such manner and within such period as the Minister may fix.

(2) Every sum borrowed under this section and the interest thereon shall be deemed to be charged as from the date on which such sum is borrowed on the poor rate leviable in the county of the council by which the same is so borrowed.