Section 14: Further sums to be remitted for the redemption of the debentures.

After the date specified in the Act authorising the loans as that on which the contributions to the sinking fund shall commence, the President shall, in each half-year ending as aforesaid appropriate out of the said revenues and assets of the Federation for the formation of a sinking fund, an additional sum equal to one-half of the annual contribution specified in the prospectus or, in the case of a loan not issued publicly, in the terms of issue relating to the loan, in respect of the total nominal amount of all the debentures issued, including any which may have been at any time exchanged for stock and shall remit that sum to the Nigeria High Commission with the remittance hereinbefore mentioned.
[1922 NO.9. 1951 No. 33.)