Cap. 213 Art. 2Power to raise loans.

(1) Subject to the provisions of this Act, the Government of Malta may from time to time raise by way of loan a sum or sums of money not exceeding in the aggregate twenty-one million liri and such further sum or sums as may be necessary to defray the expenses of any issue of stock or securities authorised by this Act.

(2) For the purpose of raising any loan as aforesaid, the Minister responsible for finance is hereby authorised to issue stock or securities or both under the provisions of the Local Loans (Registered Stock and Securities) Ordinance, or to borrow in any other manner he may deem proper; and any loan made under the provisions of this section shall be made on such terms as the said Minister may approve.