Singapore legislation
Clause 3
Clause 3
Power to raise loan
(1)
The Minister may from time to time raise, in the manner hereinafter provided, a sum of money not exceeding in the whole the sum of four hundred million dollars to be applied in the manner hereinafter provided.
(2)
The loan hereby authorised or any part of it may be raised either —
(a)
in Singapore by the issue of registered stock under the provisions of Part III of this Ordinance;
(b)
in London by the Crown Agents in accordance with the provisions of the General Loan and Inscribed Stock Ordinance (Cap. 67); or
(c)
by means of loans made at the request of the Minister by the Secretary of State under the provisions of section 2 of the Colonial Development and Welfare Act, 1959. [7 and 8 Eliz. 2 c. 71.]