3
In forceLoans to be primary charge on the Consolidated Revenue Fund
3 Loans to be primary charge on the Consolidated Revenue Fund
(1)
Every loan raised under the authority of any Act upon the security of the general revenues shall be and be deemed a primary charge upon the Consolidated Revenue Fund.
(2)
All interest on any such loan, and the principal thereof, shall be paid by the Colonial Treasurer out of the said fund under warrants, which shall be issued by the Governor in priority to all demands thereon, except the charges and expenses of the collection thereof.
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