CHAPTER 373
DEVELOPMENT (UNITED KINGDOM GOVERNMENT) LOAN ACT

Arrangement of Sections

   Section

   1.   Short title.

   2.   Interpretation.

   3.   Authority to raise loans.

   4.   Application of money borrowed.

   5.   Repayment of money borrowed.

   6.   Charge on revenues and assets.

AN ACT

to make provision for the raising of a loan or loans under the provisions of the Colonial Development and Welfare Acts of the United Kingdom to an amount not exceeding ten million pounds sterling and for the purposes of development projects approved in the Capital Fund Estimates.

[19th August, 1960]

Act 24 of 1960,

GN 315 of 1964,

GN 497 of 1964,

SI 159 of 1965.

1. Short title.

This Act may be cited as the Development (United Kingdom Government) Loan Act.

2. Interpretation.

In this Act, unless the context otherwise requires—

“the Capital Fund” means the Fund established in accordance with a motion adopted by the Legislative Council of the former Protectorate of Northern Rhodesia on the 19th July, 1955;

“the Capital Fund Estimates” means those estimates of expenditure from the Capital Fund which are approved specifically by the National Assembly from time to time by motion.

[S 2 am by GN 315 of 1964; SI 159 of 1965.]