Cap. 208 Art. 2Power to borrow from the Italian Government.

(1) Subject to the provisions of this Act, the Government of Malta may borrow such sum or sums as may be required, not exceeding in the aggregate four million, six hundred and fifty-eight thousand and seven hundred and forty-six euro and eighty cents (4,658,746.80) or such higher sum as the House of Representatives may, by resolution, approve, by means of a loan or loans or through credit facilities made, granted or authorized by the Government of the Republic of Italy.

(2) Any loan or credit facility under the provisions of subarticle (1) shall be in such manner, on such terms and subject to such conditions as may be agreed between the Government of Malta and the Government of the Republic of Italy or as may be agreed in accordance with arrangements provided for by agreement between the Governments aforesaid.