Malaysia legislation

Section 2

of LOANS (INTERNATIONAL BANK) ACT 1958

Section 2

(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.

Power of Malaysia to borrow from the International Bank