                      ITALIAN GOVERNMENT LOAN                _g CAP. 208.        1
CHAPTER 208
ITALIAN GOVERNMENT LOAN ACT
To provide for the raising of loans or the acceptance of credit facilities
from, or authorized by, the Government of the Republic of Italy for
purposes of development or purposes connected therewith, and for matters
incidental thereto.
(1st July, 1968) *
Enacted by ACT XVIII of 1968, as amended by Act XIII of 1983.
Short title.
Power to borrow 
from the Italian 
Government. 
Amended by: 
XIII. 1983.5.
2. (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 two million liri 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
subsection (1) of this section 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.
Repayment to be 
charged on 
Consolidated 
Fund.
3. The repayment of the principal money of any sum
borrowed under the provisions of this Act, and the payment of any
interest payable thereon and of all charges payable in connection
therewith, shall be a charge on the Consolidated Fund.
Application of 
money borrowed.
4. Any money borrowed under the provisions of this Act shall
be applied to such purposes of development or purposes connected
therewith as the Government of Malta, subject to any agreement in
respect thereof between the Government of Malta and the
Government of the Republic of Italy, may deem proper.
* See  Government Notice No. 470 of the 1st of July, 1968.
