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Advances from Central Fund, etc.
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12.—(1) The money payable by the Minister for Finance as consideration for the allotment and issue to him of shares in the share capital of the Agency and all other moneys from time to time required by the Minister or by the Minister for Finance to meet sums which may become payable by either of them under this Act shall be advanced out of the Central Fund or the growing produce thereof.
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(2) The Minister for Finance may direct that the money payable by a subscriber to the memorandum of association of the Agency shall be paid out of and shall be charged on the Central Fund or the growing produce thereof, and in case that Minister gives a direction under this subsection, the direction shall have effect in accordance with its terms.
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(3) The Minister for Finance may, for the purpose of providing for advances out of the Central Fund under this section, borrow on the security of the Central Fund or the growing produce thereof any sums required for that purpose, and for the purpose of such borrowing, he may 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 he shall pay all moneys so borrowed into the Exchequer.
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