30.
| (1) The Minister of Finance shall guarantee the repayment of the principal of, and the payment of the interest on, any Ceylon transport stock created and issued under section 29 (1) (b), and may, with the concurrence of the Minister, guarantee the repayment of, and the payment of the interest on, any Ceylon transport stock created and issued under section 29 (1) (a). Any sums required for fulfilling any such guarantee as is provided under this subsection shall be charged on and issued out of the Consolidated Fund of Ceylon, and any such sums shall be repaid, together with interest thereon, at such rates as the Minister of Finance may determine with the concurrence of the Minister, by the Ceylon Transport Board in such manner and over such period as the Minister of Finance may with such concurrence determine: |
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| (2) Immediately after a guarantee is given under subsection (1), the Minister of Finance shall lay a statement of the guarantee before the Senate and the House of Representatives. |
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| (3) Where any sum is issued out of the Consolidated Fund of Ceylon under subsection (1), the Minister of Finance shall forthwith lay before the Senate and the House of Representatives a statement that such sum has been issued. |
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Sri Lanka Consolidated Acts