Loans to officers of the Sports Council for purchase of motor cars and motor cycles4

1

Subject to paragraph (2), the Sports Council may make loans to its officers for the purpose of facilitating them in the purchase of motor cars and motor cycles essential to the efficient carrying out of their official duties.

2

Such loans shall be made—

a

in accordance with a scheme prepared by the Sports Council and approved by the Department;

b

only to such officers or officers of such description as are specified in the scheme; and

c

subject to such conditions and at such rates of interest as the Department may, with the approval of the Department of Finance and Personnel, determine.