Amendment status not verified — confirm the current text below against the official source.
Repayment of loans taken under sectzon 95.-Every loan taken by the Board shall be repaid w1tlun the penod approved by the Govern- m<'nt and, subject to the provisions of sub-sectwn (2) of scc:tion 123, by such of the following methods as may be so approved, namely:- (a) from a smking fund established under section 101 in respect of the Joan, or (b) by paying equal yearly or half-yearly instalments of principal, or of principal and mterest, throughout the said period, or (c) if the Board has, before borrowing money 011 debentures, reserved by pubhc notice a power to pay off the loan by periodical instalments and to-select by lot the particular dcbcntun·s to be diS- charged at particular penods then, by paying such instahucnts at such periods, or (d) from money borrowed for the purpose, or (e) partly from the sinkmg fund established under section 101 in re!pect of the Joan, and partly from money borrowed for the purpose. 10 l. Establishment and maintenance if sznkzng jurzdr .-(I) Whenever the Government have approved the repayment of a Joan from a smking fund, the Board sha!l establish such a fund, and shaH p.ty into it every year, until the loan is repaid, a sum so calculated that if Iegularly paid throughout the period approved by the Government, it would, with accumulations in the way of compound interest, he sufficient, after pay- ment of all expenses, to pay off the loan at the encl of that period. (2) The rate of interest on the basis of which the sum referred to in sub-section (I) shall be calculated shall be such a!! may be prescribed by the Government.