s 2
In this Act- Interpre- "public authority" means any local authority or any tation statutory authority, exercising powers vested in it by Federal or State law, specified in the Schedule hereto, and any officer or authority appointed by or acting on behalf of any such authority; "Treasury" means the Minister of Finance and includes any officer under the administrative control or direction of the Minister of Finance to whom the Minister has delegated, or who, in accordance with the provisions of section 6 or 7 of the Delegation of Powers Ordinance, 1956, is authorised 56 of 1956. to exercise, powers under this Ordinance. law, no public authority shall borrow money, or enter into borrowing. thereunder. Schedule 1N1.39/63 2 OF 1961