Malaysia legislation
Section 18
of SARAWAK TIMBER INDUSTRY DEVELOPMENT CORPORATION ORDINANCE, 1973 ( Ord. No. 3/73 )
Section 18
Borrowing powers
The Corporation may, from time to time, for the purposes of this Ordinance raise loans from the Government or, the approval of the Minister, borrow money from any financial institution, and to offer as securities for any of its borrowings—
(a)
a mortgage, charge, pledge or debenture over any of its assets or undertakings; or
(b)
guarantees or other form of securities as may be approved by the Minister.
[Sub. Cap. A58.]
Investment