Amendment status not verified — confirm the current text below against the official source.
The Board nay, with the previous sanction of the Government, apply any p,,, ,,, sums out of mJneys which may come into i!s.bands under the ,~r~yisions of tbis Act Hoard 10 a~id which call be ho ~ppked Wlthot~t prejudlclng the hecurity of the other holders ~f "?"? Ipans the Board securities, in repaying to the Government any sum wbich may r m i n Ere dde to them in rGspcct of the principal of any loan although the time fi-d fgt. the reprLyment of the same may not have arrived: Provided that no svcii rcpayrpe~~t shall be qlade of any sum less than ten thousand su;paca: and that if such rkpayment :s made, the amount of interest in each su~~~tdinginstalment shall be so adjusted as to represent exactly the interest d,ue on the outstanding princizbal. . , - 67.' (1) If, in respect of a loan raised by the Board under this Act ~ ~ ' i s f i ~ t ~a'- rcpay,able befotg: the expiratiof! of o.ne yew f r y the ddlp-of tb_f: loan, t@,CJ~+pm- oP&irrHng.fund. mc'iit by. an oiiif so diiedt ..thea'Boar$ I 1 qll set apakt. li@fvady' ogt' pf ,itx ib@w as at sinking fund, a sum sufficieni t'o liq~idate tlie ioarl within a pe&i)'dl d b ; did11 nor iq any, case, unkss the previous consent of the Government has been obtained, ex* twdnty five yeais; ljut the maxirhu& #riod' sliall not. in aity case ex&d fort$ ' y W i . ! ( I . . . . r Prddd&$uat a si&ing fund np$ p$, ip thq i~sonca ot an$ st&u$~~lit~ tn&t, effect, be cstablishql iq'the case of)oans taken by the Bod& ftom tde Central &v;onr- merit or any State Goverm'ent. (2) -re any sinlcipg fund ba,s, bdfQ?etly &*inl ed day, been.establish$: by ' any arlihority in respect of a loall ra~sed'by it, for \vhit:h loan, the Board is liable under this Act, the sinking fund so establisheo by that authority shall be deenleo to have been established by the Board under this section.