Singapore legislation

Clause 15

of Development Loan Ordinance

Clause 15

Procedure if sinking fund insufficient

In case the sinking fund created under section 13 of this Ordinance is insufficient for the repayment of all principal moneys represented by stock issued under the provisions of this Ordinance at the time when the same become due, the Minister shall make good the deficiency out of the Consolidated Fund.

Clause 15 — Development Loan Ordinance | laws.sg