Cap 61 s 4 Power to issue instruments including bonds (LOANS ORDINANCE)

Contents of Section

Chapter:	61	Title:	LOANS ORDINANCE	Gazette Number:
Section:	4	Heading:	Power to issue instruments including bonds	Version Date:	30/06/1997

(1) The Government may issue such bonds, promissory notes or other instruments on such terms and conditions as may be necessary for the purpose of giving effect to the terms of any agreement which may be entered into by it with a lender in respect of any borrowing under this Ordinance.
(1A) A bond, promissory note or other instrument issued by the Government under subsection (1) may take the form of-

(a) a written document; or

(b) information or data which is recorded (whether by means of a computer or otherwise) in a non-legible form but is capable of being reproduced in a legible form. (Added 47 of 1991 s. 4)

(2) Any bond, promissory note or other instrument issued by the Government under subsection (1) may, where it is the form of a written document, be signed on behalf of the Government by the Financial Secretary or by any person authorized by him in writing. (Amended 47 of 1991 s. 4)