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Development Loans (Agriculture and Fisheries) Act (Northern Ireland) 1968

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3Advances to and repayments from the Agricultural Loans Fund.N.I.

(1)The Ministry of Finance may issue to the Ministry from the Consolidated Fund such sums as may be required from time to time for the purposes of the Agricultural Loans Fund, but the aggregate amount of the sums so issued (including sums issued pursuant to the provisions of any enactment repealed by section 9 and Schedule 2) shall not exceed [F1[F2 twenty million] pounds].

(2)The Ministry of Finance may borrow money for the purpose of providing for issues from the Consolidated Fund to the Agricultural Loans Fund.

(3)Advances made by the Ministry of Finance to the Agricultural Loans Fund shall be repayable to the Consolidated Fund by annuities (including principal and interest) over such period and at such rate of interest as that Ministry may determine, but the Ministry may from time to time apply any moneys standing to the credit of the Agricultural Loans Fund and not immediately required for the purposes of that Fund in accelerated repayment of advances to the Fund.

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