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Interpretation

Cap. 75, s. 2 · Revised Edition 2020

In this Act, unless the context otherwise requires, “CDC” means the Commonwealth Development Corporation, a statutory corporation incorporated in the United Kingdom; “CDC loans” means all loans from CDC which are either, (a) made to the Government; or (b) made to any other borrower (whether statutory authority, limited company, or other person, as the case may be) and guaranteed by the Government; “Minister” means the Minister for the time being charged with responsibility for Finance; “Relevant Documents” means all loan agreements in respect of CDC loans, all guarantees in favour of CDC, and all undertakings, bonds, promissory notes, instruments or documents of any kind whatsoever entered into or issued or to be entered into or issued (whether by the Government as borrower or guarantor or by any other borrower from CDC) in relation to any CDC loans; and any reference to “Relevant Loans (Commonwealth Development Corporation) 5 Documents” includes any endorsement on any of the foregoing documents; “statutory authority” means any statutory authority, statutory corporation, or other body corporate established directly by statute and exercising powers vested in such body by law for public purposes.
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