Electricity (Supply) (Amendment) Act, 1955

Advances from Central Fund.

4.—(1) The limitation on the total amount of advances under section 41 of the Electricity (Supply) (Amendment) Act, 1945 (No. 12 of 1945), for the electrification of rural areas, imposed by subsection (1) of that section, is hereby removed.

(2) The total amount remaining due to the Central Fund at the passing of this Act in respect of advances already made under that section together with the total amount of moneys hereafter advanced shall be repaid by the Board.

(3) Subsection (3) of that section and section 7 of the Act of 1954 are hereby repealed.