Clause 14
Issue of securities
of Developmental Investment Fund Bill
BillNot in forceProvision 14 of 21
Clause 14
(1)
Subject to subsection (2), the securities issued under this Act shall bear such rates of interest, and be subject to such other terms and conditions as to repayment, redemption and other matters, including provision for a sinking fund, as may be determined by the Minister.
(2)
Any securities issued under this Act shall be redeemable at par on such dates as may be determined by the Minister, after which dates all the interest on the principal moneys represented thereby shall cease and determine, whether payment of the principal moneys has been demanded or not.