New Zealand Legislation: Acts

27 Borrowing powers

• The Trust may borrow money from the Crown or from any bank, corporation, or person or body; and for the purpose of securing any money so borrowed, it may mortgage, charge, or pledge any right, title, estate, or interest in any of its property.

  Section 27 was amended, as from 21 December 1992, by section 42 Public Finance Amendment Act 1992 (1992 No 142) by omitting the words “With the prior consent in writing of the Minister of Finance,”.