6. Replacement of section 15 of the principal enactment

Section 15 of the principal enactment is hereby repealed and the following section substituted therefor:—

15. (1) The Authority may, subject to the provisions of subsection (2) and with the written consent of the Minister, borrow or raise such sums as the Authority may require for meeting its obligations in the discharge of its duties under this Act:—

by way of temporary overdraft or otherwise; or

by the issue of debentures and bonds, or seller’s credit.

The aggregate of the amounts outstanding in respect of any loan or fund raised by the Authority under subsection (1), shall not at any time exceed such sum as may be determined by the Minister in consultation with the Minister in charge of the subject of