Section 51
Repayment of loan charges to Administration
ActIn forceProvision 100 of 114
Section 51
(1)
The Authority shall be responsible for the payment to the
Accountant General of interest and redemption on loans drawn by the
Administration on behalf of Port Kelang.
(2)
In the case of such loans drawn prior to 1 January 1959, which were drawn for both the purposes of the Administration and of Port
Kelang 18.451 per centum of the loan interest and redemption thereon shall be paid by the Authority annually to the Administration.
(3)
Any dispute arising between the Authority and the
Administration as to the payment of any loan charges under this section
Port Authorities 71
shall be referred to the Minister of Finance whose decision thereon shall be final.