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Repayment of borrowed moneys and power to re-borrow.
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51.—The Board shall pay off all moneys borrowed with the consent of the Minister under this Act within such periods, upon such terms and conditions and in such manner as the Minister may direct and may with the like consent re-borrow any moneys so paid off upon any security for the time being available. The provisions for securing equal rights to mortgagees and assignees in security, contained in section 75 of the Commissioners' Clauses Act, 1847, shall be restricted to lenders entitled against the Board to no right or priority as between themselves.
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