Section 12

The Authority may from time to time borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister may approve, any sums required by the Authority for meeting any of its obligations or discharging any of its duties:

Provided that no such sum borrowed as aforesaid shall, save by leave of the Minister, be used to repay moneys borrowed or to pay interest on moneys borrowed.