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Section 21

of Local Loans Ordinance 1959

State OrdinanceIn forceProvision 21 of 27

Section 21

So long as any portion of any loan remains outstanding the Financial Secretary shall in each half-year ending with the day on which the interest on that loan falls due

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appropriate out of the general revenues and assets of the Colony a sum equal to one half-year’s interest on the whole of that loan outstanding, and shall authorise the

Accountant-General to pay out of such sum the then current half-year’s interest on the date on which it falls due.

Sinking fund for redemption of stock.