Clause 22
Power to borrow
of Singapore Productivity and Standards Board Bill
BillNot in forceProvision 9 of 47
Clause 22
The Board may, for the purposes of this Act, raise loans from the Government or, with the approval of the Minister, raise capital from banks and other financial institutions whether in Singapore or elsewhere by way of mortgage, overdraft or otherwise, with or without security, as it may require for the discharge of its functions under this Act.