Section 16: Power to borrow.

(1) The Corps may, from time to time, borrow by overdraft or otherwise such sums as it may require for the performance of its functions under this Act.
(2) The Corps shall not, without the approval of the Minister, borrow money which exceeds, at any time, the amount set by the Minister.
(3)
Notwithstanding subsection (1) of this section, where the sum to be borrowed is in foreign currency, the Corps shall not borrow the sum without the prior approval of the Minister.