Cap. 162 Art. 3Purpose of loan.

(1) Any sum raised to defray the expenses of any such issue shall be applied only to that purpose.

(2) Save as aforesaid, the money to be borrowed under the authority of this Ordinance shall be appropriated and applied to the purposes specified in the Malta Development Plan for the period lst April 1959 to 31st March 1964, and in any modification, amendment or extension thereof as may be approved from time to time by the President of Malta.