Section 2
Interpretation
of Loans (International Bank) Act 1958
In this Act, unless the context otherwise requires—
“Bank” means the International Bank for Reconstruction and
Development;
“Consolidated Fund” means the Federal Consolidated Fund established by Article 97 of the Federal Constitution;
“Minister” means the Minister of Finance;
“statutory authority” means a local authority and any body incorporated directly by any written law and exercising powers vested in such body by law for a public purpose.
*NOTE—All references to “West Malaysia” shall be construed as reference to “Peninsular Malaysia”
–see the Interpretation (Amendment) Act 1997 [Act A996] subsection 5(2).
6
(2)
In relation to the application of this Act to Sabah and Sarawak, references to any written law or to any provisions thereof, in force in *Peninsular Malaysia shall—
(a)
if such written law has been extended to apply to Sabah and Sarawak, be construed as references to that written law or the provisions thereof as so extended; or
(b)
if such written law has not been so extended, be construed as references to the corresponding written law or provisions, if any, in force in Sabah and Sarawak, as the case may be.