Minister empowered to raise loans for purposes of Bank Agreement

(3) Any sums received by the Government from the Bank pursuant to the Bank Agreement shall be paid into the Consolidated Revenue Fund. 5.-(1) The Minister may borrow from any person any sum or sums for payment under section 4 of this Act or for replacing any sum or sums paid out of the Consolidated Revenue Fund pursuant to that section, and for the purpose of such borrowing, may create and issue any securities bearing such rate of interest and subject to such conditions as to repayment, redemption or otherwise, as he thinks fit. (2) The principal and interest of any securities issued under subsection (1) of this section and any expense incurred in connection with their issue, shall be charged on and paid out of the Consolidated Revenue Fund. (3) Any monies raised by securities issued under subsection (1) of this section shall be paid into the Consolidated Revenue Fund.