217 Guarantees by Secretary of State
Merchant Shipping Act 1995 (1995 c 21) | Legislation

217  Guarantees by Secretary of State

(1)     The Secretary of State with the consent of the Treasury may guarantee, in such manner and on such conditions as he thinks fit, the repayment of the principal of, the payment of interest on, and the discharge of any other financial obligation in connection with, any sums borrowed by a general lighthouse authority under section 215.

(2)     Immediately after a guarantee is given under this section, the Secretary of State shall lay a statement

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