In forceUpdated to 1 Jan 2006Current version · Updated to 1 Jan 2006
Penang Port Commission Act 1955 · Updated to 1 Jan 2006 · Part IV · Financial Provisions
47. Government may lend money to Commission
Feedback & support(1)
The Government may lend money to the Commission for the general purposes of this Act.
Commission
Defined · s 2
“Commission” means the Penang Port Commission established and incorporated under this Act;
(2)
The Commission shall pay to the Government interest at such rate and at such times, and shall also make such provisions for the mode and time or times of repayment of the loan as may be agreed upon between the Government and the Commission in respect of the loan.