Document ID: chunk:federal_register_of_legislation:C1964A00088:body:0:p2
Version: federal_register_of_legislation:C1964A00088
Segment Type: other
Provision Reference: 
Character Range: 2531–3594

this section otherwise than from the Commonwealth and the payment of interest on amounts so borrowed.
"(6.) The amounts borrowed by the Commission and not repaid shall not at any time exceed Five million pounds.
"(7.) The moneys that may be borrowed by the Commission under this section do not form part of the capital of the Commission under section twenty-eight of this Act.
"(8.) The Commission shall not borrow moneys except in accordance with this section.".

Application of moneys.
5. Section thirty-two of the Principal Act is amended by omitting sub-section (2.) and inserting in its stead the following sub-section:—
"(2.) Moneys of the Commission not immediately required for the purposes of the Commission may be invested—
      (a) on fixed deposit with an approved bank;
      (b) in securities of the Commonwealth; or
       (c) subject to such conditions, if any, as the Treasurer determines by instrument under his hand—by way of loan to a person for the time being approved by the Treasurer upon the security of securities of the Commonwealth.".