261 Loans

The Lotteries Commission may, for the purpose of assisting in the promotion, organisation, and conduct of New Zealand lotteries, or for other purposes that the Minister approves,—

(a)

make advances to any person or body corporate, with or without security, at the rates of interest that it determines or free of interest:

(b)

guarantee to any person or body corporate, with or without security, advances made by any person or body corporate.

Compare: 1977 No 84 s 110