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3. Replacement of section 20 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 20 of the principal enactment is hereby repealed and the following section is substituted therefor:-

20. (1) The Bank may, in addition to the sums lent by the Government to the Bank under section 15(1)(b) for the purpose of granting long term or medium term loans, raise with the approval of the Minister any sums by the issue of debentures.

“The Bank to raise money by the issue of debentures for granting medium term and long term loans.

“Capital.

(2)

For the purpose of subsection (1)

“Minister” means, the Minister assigned the subject of Finance.”.

Read on from s 4