Section 17
Power to issue Treasury Bills and to repay expenditure in respect thereof from loan
(1)
In anticipation of raising any loan or any part of any loan under the authority of this Act, the Minister may, if he thinks fit, raise such sum not exceeding the amount of such loan or part of a loan as he may deem necessary by the issue of Treasury Bills under the Treasury Bills (Local) Act 1946 [Act 188].
(2)
Every sum raised under subsection (1) shall be applied in the manner authorized for the loan or part of the loan in respect of which such sum is raised and upon the raising of such loan or part of such loan the Minister may—
(a)
expend from it such amounts as may from time to time be necessary to meet the liabilities of the Government in respect of any Treasury Bills issued under subsection (1);
or
(b)
where any such liabilities in respect of Treasury Bills have been met in the first instance out of the Consolidated Fund, refund to the Consolidated Fund such sums as may have been expended from it for that purpose.
10
FIRST SCHEDULE
[Section 2]
No.
Title
F.M.S. Cap 128
The Loan Enactment
[Repealed by Act 70/1965]
F.M.S. Enactment No. 12/1936
The Federated Malay States
Loan Enactment 1936
F.M.S. Enactment No. 16/1940
The War Loan Enactment 1940
[Repealed by Act 70/1965]
F.M.S. Enactment No. 9/1941
The War Loan Enactment 1941
[Repealed by Act 70 of 1965]
Malayan Union Ordinance No.
The Loan Ordinance 1946 10/1946
Federation of Malaya Ordinance No.
The Loan Ordinance 1949 16/1949
Federation of Malaya Ordinance No.
The Loan Ordinance 1951 59/1951
Federation of Malaya Ordinance No.
The Loan Ordinance 1953 56/1953
[Repealed by Act 22/1963]
Federation of Malaya Ordinance No.
The Loan Ordinance 1955 12/1955
Federation of Malaya Ordinance No.
The Loan (State of Brunei)
27/1955
Ordinance 1955
SECOND SCHEDULE
(Deleted by Ord. No. 18 of 1958)
11
Loan (Local)
Act 648
LIST OF AMENDMENTS
Amending law
Short title
In force from
Ord. No. 18/1958
The Development Fund Ordinance 01-01-1958 1958
Act 70/1966
Development Funds Act 1966 01-01-1967
Act 406
Development Funds Act 1966 01-01-1967
Act 160
Malaysian Currency (Ringgit) Act 29-08-1975 1975
P.U. 506/1967
Notification under Titles of Office 02-11-1967
Act 1949 [Act 399]
12
KUALA LUMPUR
Act 648
LIST OF SECTIONS AMENDED
Section
Amending authority
In force from 5
Ord. No. 18/1958 01-01-1958 6
Ord. No. 18/1958 01-01-1958 16
Ord. No. 18/1958 01-01-1958
SECOND SCHEDULE
Ord. No. 18/1958 01-01-1958