Agricultural Credit Act, 1988

Amendment of section 15 of Principal Act.

5.—Section 15 of the Principal Act is hereby amended by the substitution of “£25,000,000” for “£10,000,000” in subsection (2) and the said subsection as so amended is set out in the Table to this section:


(2) The Minister shall not so exercise the powers conferred by subsection (1) that the amount or the aggregate amount of principal which he may at any one time be liable to pay on foot of any guarantee or guarantees under that subsection for the time being in force exceeds £25,000,000.