Road Fund (Grants and Advances) (Temporary Provisions) Act, 1959

Power to borrow.

4.—(1) For the purpose of providing for advances out of the Central Fund under the foregoing section, the Minister may borrow from any person any sum or sums, and for the purpose of such

borrowing he may create and issue securities bearing such rate of interest and subject to such conditions as to repayment, redemption or any other matter as he thinks fit, and shall pay the moneys so borrowed into the Exchequer.

(2) The principal of and interest on any securities issued under this section and any expenses incurred in connection with the issue of such securities shall be charged on and payable out of the Central Fund or the growing produce thereof.