Section 37: Sinking fund contributions.

Notwithstanding anything to the contrary contained in this Act, if at any time the trustees of the sinking fund of any loan issued or to be issued under the provisions of the Act (other than a debenture loan redeemable by annual drawings or by purchase in the market) are satisfied that the value of the fund shall be sufficient with further accumulations of interest but without further payments of contributions to enable the loan to be redeemed out of the proceeds of the sinking fund when the same shall fall due to be redeemed, the President may suspend further payments of contributions to the said sinking fund:
Provided that contributions to the sinking fund shall be recommenced if the trustees shall at any time inform the President that it is necessary.
[1928 No. 15.]