Section 25 Long-term loans.F1
If, in the opinion of the Minister, it is expedient that there should be made to any board a loan which shall not be repayable until the expiration of a period exceeding two years, he may, F2on the recommendation of the appropriate Agricultural Marketing Facilities Committee, lend to that board such sums as he thinks fit, and every such loan shall be made on such terms and secured in such manner as the Minister, with the approval of the Treasury, may by regulations prescribe:
Provided that the amount outstanding of the loans made under this section shall not at any time exceed in the aggregate one hundred thousand pounds, in the case of the Agricultural Marketing Fund, or fifty thousand pounds, in the case of the Agricultural Marketing (Scotland) Fund.
Annotations
Textual amendments
- F1
Ss. 24-27 repealed (S.) (16.6.2025) by Agriculture and Rural Communities (Scotland) Act 2024 (asp 11), s. 38(2), sch. 2 Pt. 1; S.S.I. 2025/167, reg. 2, sch.
- F2
Words repealed (E.W.S) by Agriculture (Miscellaneous Provisions) Act 1972 (c. 62, SIF 2:1), ss. 12(3)(c), 26(3)(4), Sch. 6
Notes on Part I
Modifications
- C1
Pt. I repealed in relation to milk (E.W.S.) (1.11.1994) by 1993 c. 37, ss. 1(1)-(5), 21(1)-(3); S.I. 1994/2900, reg.3; S.I. 1994/2921, reg.3; S.I. 1994/2922, reg.2.
Pt. I repealed in relation to potatoes (E.W.S) (1.7.1997) by 1993 c. 37, ss. 25, 26(1)-(5),46. (See S.I. 1996/336)
Pt. 1 (ss. 1-33): power to transfer functions conferred (27.12.1999) by S.I. 1999/3141, arts. 2(1)(5), 3, Sch.