Section 5
Disposal of capital assets
ActIn forceProvision 5 of 69
Section 5
The power conferred on the Minister by section 4 to give directions to the Authority shall extend to the giving of directions—
(a)
as to the disposal of capital assets; or
(b)
as to the application of the proceeds of such disposal, notwithstanding that the directions may be of a specific character:
Provided that no such direction shall, so long as any sum borrowed by the Authority in accordance with this Act remains outstanding, be given except with the concurrence of the Treasury.