CTHIn ForceAct
Loans Redemption and Conversion Act 1921
6Purpose for which money may be borrowed
Start here
Get a plain-English read of 6
Turn the raw legal text into a practical explanation grounded in Loans Redemption and Conversion Act 1921.
6 Purpose for which money may be borrowed
The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purpose of paying off, repurchasing or redeeming loans.