Cap. 223 Art. 3Authority to issue bonds.

(1) Subject to the provisions of this Act, it shall be lawful for the Minister to authorise the issue of premium bonds.

(2) Where the issue of bonds has been authorised under subarticle (1) it shall be lawful for the Bank, subject to the provisions of this Act and of any regulations made thereunder and under and in accordance with such directions as the Minister may give, to issue, promote and administer bonds for or on behalf of the Government.

*See Government Notice No. 226 of 16th March, 1971. expenses been lawfully incurred under this Act; and any act or thing so commenced but remaining unfinished at the date of the coming into force of this Act may be continued under this Act as if such act or thing had been initiated under this Act.