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Borrowing power.
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5.—(1) The council of a county may borrow, with the sanction of the Minister, such moneys as may be necessary for the purpose of the provision under this Act of supplies of seeds and fertilisers or of seeds only or of fertilisers only in like manner as if the said purpose were mentioned in Article 22 of the Schedule to the Local Government (Application of Enactments) Order, 1898, and moneys so borrowed shall not be reckoned as part of the debt of such council for the purposes of that Article.
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(2) Every sum borrowed under this section for the purpose of the provision under this Act of supplies of seeds and fertilisers or of seeds only or of fertilisers only in the year 1939 shall be repaid on or before the 31st day of March, 1941, with interest at the rate agreed upon.
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(3) Every sum borrowed under this section for the purpose of the provision under this Act of supplies of seeds and fertilisers or of seeds only or of fertilisers only in the year 1940 shall be repaid on or before the 31st day of March, 1942, with interest at the rate agreed upon.
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(4) Every sum borrowed under this section and the interest thereon shall be deemed to be charged, as from the date on which such sum is borrowed, on the poor rate leviable in the county of the council by which the same is so borrowed.
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