Amendment status not verified — confirm the current text below against the official source.
Loans from banks.-Whenever the borrowing of any sum of money has been approved by the Government, the Board may, mstead of borrowmg such sum or any part thereof from the public, take credit from any bank, on a cash account to be kept in the name of the Board to the extent of such sum or part and, with the previous sanction of the Government, may grant mortgages of all or any property vested in the Board by way of security for such credit.