# Harbours, Piers and Ferries (Scotland) Act 1937, Section 21: Borrowing.


(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) For the purpose of constructing any works authorised by a provisional order made on application under section four of this Act, or by or under section seven of this Act, or for the purpose of meeting the expense incurred in obtaining any such provisional order, or for any other purpose to which capital is properly applicable in connection with a marine work to which Part III of this Act applies, a harbour authority shall have power to borrow such sums as may be necessary not exceeding in the whole such amount as may be fixed by the Secretary of State for Scotland.
(3) Any sums borrowed . . . by a harbour authority in pursuance of this section shall be repaid by such method, subject to such conditions, and within such period as the Secretary of State for Scotland may fix.

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Source: https://www.legislation.gov.uk/ukpga/Edw8and1Geo6/1/28/section/21 (the official version)
Page: https://openlegislation.uk/harbours-piers-and-ferries-scotland-act-1937/section-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.