Cap. 357 Art. 2Power to raise loan. Cap. 161.

(1) Subject to the provisions of this Act, the Government of Malta may raise in Malta by way of loan a sum of money not exceeding thirty-six million Maltese liri.

(2) For the purpose of raising the loan as aforesaid, the Minister responsible for finance is hereby authorised to issue stock in Malta under the provisions of the Local Loans (Registered Stock and Securities) Ordinance; and the loan made under the provisions of this article shall be made on such terms and conditions as the said Minister may approve.