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mylaw.myby aturio
In forceUpdated to 1 Jan 2006Read it in Bahasa Malaysia
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6. Repayment of loan

(1)

Notwithstanding subsection 13(2) of the Financial

Procedure Act 1957 [Act 61], sums raised under this Act together with interest due thereon shall be repaid from the proceeds of any levy payable on tin concentrates mined in the Federation and imposed expressly for this purpose.

(2)

If the whole sum raised under this Act together with interest due thereon has not been repaid within two years from the date of expiry of the International Tin Agreement 1971 the

Minister shall appropriate out of the Consolidated Fund and repay the sum outstanding together with interest due thereon.

Report