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Advance from the Central Fund of moneys required for grant or guarantee of loans.
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9.—(1) Such sums as may from time to time be required by the Minister for fulfilling guarantees given under this Act or for granting loans under this Act shall be advanced out of the Central Fund or the growing produce thereof.
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(2) Notwithstanding anything contained in the Trade Loans (Guarantee) Acts, 1924 to 1934, such sums as may be required, after the passing of this Act, by the Minister for fulfilling guarantees given under those Acts shall be advanced out of the Central Fund or the growing produce thereof.
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(3) In order to provide for the advance of any sums out of the Central Fund authorised by this section to be so advanced, the Minister for Finance may borrow on the security of the Central Fund or the growing produce thereof such sums as shall be required for that purpose, and the said Minister may, for the purposes of such borrowing, create and issue securities bearing such rate of interest and subject to such conditions as to repayment, redemption, or otherwise as he thinks fit, and shall pay all moneys so borrowed into the Exchequer.
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