← belizelaw.ai · Loan (United Kingdom), Cap. 73
Powers relating to borrowing from UK
Cap. 73, s. 3 · Revised Edition 2020
(1) The Government shall have full powers under this Act to do all such things which the Government may consider necessary or expedient in relation to the obtaining of the loan from UK of six million pounds sterling in any currency or currencies whatsoever and in such manner and on such terms and conditions as may be agreed with UK, and those powers shall (without prejudice to the generality of the foregoing) include power to,
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(a) enter into, issue, sign and endorse such Relevant Documents as the Government may consider necessary or expedient in connection with any of the powers mentioned in this section and to do so upon and subject to such terms and conditions as may be agreed with UK;
(b) do all things incidental or conducive to the exercise of the powers mentioned in this section.
(2) Nothing in the provisions of this Act shall affect or derogate from any other power to borrow possessed by the Government.
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