Section 5 Capital purposes of the Exchequer.

(1)

F1For the purposes of this Act “capital purposes” includes—

(a)

the repayment of the principal of any moneys borrowed by the Ministry on the security of the Consolidated FundF2. . . ;

(b)

any issue for investment by virtue of section nineteen of this Act;

(c)

the discharge pursuant to section seven of this Act of any capital deficit in the Consolidated Fund;

Para. (d) rep. by 1986 NI 19

(e)

any other purpose (including capital expenditure or the making of any loan or advance) for which the Ministry has power under any enactment (whether passed before or after this Act, and including this Act) other than a Budget Act, to issue sums out of the Consolidated Fund, and to borrow money for the purposeF3. . . .

(2)

The Ministry may temporarily apply for capital purposes during any financial year, any surplus of the public income received in the Consolidated Fund in that year over public expenditure met or to be met from the Consolidated Fund.

Annotations

Textual amendments

F1: 2001 c. 6 (NI)
F2: 1986 NI 19
F3: 1983 NI 1