Section 6
Section 6
(1)
Notwithstanding the provisions of section 2, the loan or any part of the loan authorised may be raised by means of a loan made by the Secretary of Sate with the approval of Her Majesty’s Treasury in accordance with section 2 of the Colonial
Development and Welfare (Amendment) Act, 1959 [7 and 8 Eliz. 2 Cap.29.].
(2)
Any moneys obtained by a loan referred to in subsection (1) shall be applied for the purposes specified in the Schedule or to such only of those purposes as the
Secretary of State may direct.
(3)
The repayment of any loan referred to in subsection (1) shall be by equal annual instalments of principal and interest combined to extinguish such loan in its lifetime and the amount of such loan and the interest thereon shall be charged upon and payable out of the general revenues and assets of the Colony.