Industrial Development (No. 2) Act, 1975

Amendment of section 37 of Principal Act.

3.—Section 37 of the Principal Act is hereby amended by the insertion of the following subsection after subsection (4):

“(5) The Authority shall not, without the prior permission of the Government, give in respect of a particular industrial undertaking a guarantee under this section of repayment of principal exceeding £500,000.”.