Clause 11
Power to issue Government securities
BillNot in forceProvision 17 of 31
Clause 11
(1)
Where Parliament by resolution authorises the borrowing of moneys under this Act and the President, acting in his discretion, concurs with such borrowing, the Minister may borrow, by the issue of Government securities in Singapore, sums not exceeding the amount specified in such resolution.
(2)
The Authority may, on behalf of the Minister, undertake the issue and management of Government securities issued under this Act.