Section 49
Clause (2) of Article 111 shall not restrict the power of a
of Malaysia Act
ActIn forceProvision 49 of 151
Section 49
Borneo State or of Singapore to borrow under the authority of
State law within the State, if the borrowing has the approval of the Central Bank for the time being of the Federation, nor the power of Singapore to borrow under the authority of State law otherwise than within the State, if the borrowing has the approval of the Federal Government.