     DEVELOPMENT LOANS (UNITED KINGDOM GOVERNMENT)     g CAP. 185.      1
CHAPTER 185 
DEVELOPMENT LOANS (UNITED KINGDOM 
GOVERNMENT) ACT
To provide for the raising of loans from the Government of the United
Kingdom for the purpose of development, and for matters incidental
thereto.
(12th March, 1965) *
 Enacted by ACT XI of 1965.
Short title.
Kingdom Government) Act.
Powers to borrow 
from the United 
Kingdom 
Government.
2. (1)  Subject to the provisions of this Act the Government
of Malta may borrow from time to time a sum or sums of money not
exceeding in the aggregate five million seven hundred thousand
pounds sterling by means of a loan or loans made by the
Government of the United Kingdom.
(2) Any loans under the provisions of subsection (1) of this
section shall be on such terms as may be agreed between the
Government of Malta and the Government of the United Kingdom.
Loans to be 
charged on general 
revenues and 
assets.
3. The principal money of any loan raised under the
provisions of this Act, and the interest payable thereon, shall be
charged on and paid out of the general revenues and assets of the
Government of Malta, which are hereby appropriated to the
purpose.
Application of 
loan.
4. Any money borrowed under the provisions of this Act shall
be appropriated and applied to the purposes specified in the Malta
Development Plan for the period 1st April, 1964 to 31st March,
1969, or in any modification, amendment or extension thereof as
may be approved from time to time by the Minister of Economic
Planning and Finance or to any other purposes agreed with the
Government of the United Kingdom in accordance with Article 3 of
the Agreement on Financial Assistance entered into on 21st
September 1964.
* See  Government Notice No. 159 of 12th March, 1965.
