9Borrowing

9 Borrowing

The Treasurer may borrow the sum of $50 000 and such other sums as Parliament may hereafter approve and may apply the same for the purpose of meeting –

(a) compensation payable under section two and other costs of and incidental to the resumption thereby provided;

(b) the cost of and incidental to the reclamation of land under section three ;

(c) the cost of preparing the land for use as provided in section four , including the initial cost of roads, paths, drains, and similar things required for the proper use of the land;

(d) sums payable to the Transport Commission under section seven ; and

(e) payments out of borrowed moneys under section eight .