32Over-riding of limits on borrowing powers of harbour authorities.N.I.
Where the Ministry is satisfied—
(a)that expenditure incurred or to be incurred by a harbour authority for any purpose for which the authority may borrow money should be met by borrowing and repayment spread over a term of years; and
(b)that the borrowing would exceed any limit imposed by any enactment passed before 20th December 1956 on the borrowing powers of the authority;
then notwithstanding any such enactmentF1. . . the authority may borrow money to meet the expenditure.