Section 3
ActIn forceProvision 3 of 7
Section 3
(1)
The General Loan and Stock Ordinance 1949 [Ord. 3 of 1949], and the *Government Trustee Securities Ordinance 1957
[Ord. 41 of 1957], shall not apply to any loan raised or issued after the commencement of this Act, and those Ordinances shall be amended as specified in the Schedule.
*NOTE—The Government Trustee Securities Ordinance 1957 [Ord. 41 of 1957] has since been superseded by the Government Trustee Securities Act 1957 [Act 426].
7
External Loans
(2)
Sections 4 and 5 shall apply to loans raised under section 2, and (subject to the Act relating thereto) to loans authorized by any other Act to be raised outside Malaysia in accordance with this
Part; and any such loans are in this Part referred to as “external loans”.