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INLAND NAVIGATION ACT (NORTHERN IRELAND) 1954 - SECT 15

Expenses.

15.(1) Subject to the provisions of the succeeding sub-section, all
expenditure incurred by the Ministry or the Ministry of Finance shall be
defrayed out of moneys provided by Parliament.

(2) If the Ministry of Finance so directs, any expenditure not exceeding two
hundred and fifty thousand pounds incurred as aforesaid (other than
expenditure incurred under section thirteen of this Act) which the Ministry of
Finance, or the Ministry with the approval of the Ministry of Finance,
determines to be capital expenditure shall be charged on and issued out of the
Consolidated Fund; and the Ministry of Finance may borrow for the purposes of
any such issue.

[(3) Moneys borrowed under the preceding sub-section shall be repaid within
any period or periods not exceeding fifteen years from the date of borrowing,
and provision for such repayment may be made out of moneys provided by
Parliament.]

© 1954 Crown Copyright

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