Sugar Manufacture (Amendment) Act, 1982
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Amendment of section 7 of Act of 1962. |
4.—Section 7 of the Act of 1962 is hereby amended by the substitution of “seventy-five million pounds” for “ten million pounds” (inserted by the Act of 1973), and the said section, as so amended, is set out in the Table to this section. | |
TABLE | ||
7.—The aggregate at any one time of— | ||
(a) advances under section 4 of this Act which have not been repaid, | ||
(b) principal which the Minister is liable to repay on foot of any guarantee or guarantees under section 5 of this Act, and | ||
(c) principal which the Minister has previously paid on any such guarantee or guarantees and which has not been repaid by the Company or the approved subsidiary company (as the case may be), | ||
shall not exceed seventy-five million pounds. |