Section No : Legislative Enactments CEYLON DEVELOPMENT LOANMarginal Notes1. This Act may be cited as the Ceylon Development Loans Act.2. Authority to raise loans. [ 2, 8 of 1956.] 3. Manner of raising loans. 4. Application of moneys raised by way of loan under section 2 (1). 5. Loans to be raised in United Kingdom by issue of stock of Government of Ceylon. 6. Agent to issue and to be Registrar of Ceylon Government stock. 7. Issue of Ceylon Government stock. 8. Ceylon Government stock regulations. 9. Liability of Government of Ceylon in respect of Ceylon Government stock. 10. Cessation of liability to pay interest. 11. Separate sinking fund for each issue of Ceylon Government stock. 12. Trustees of sinking funds. 13. Contribution. to sinking funds. 14. Investment of sinking funds, and cancellation of Ceylon Government stock acquired for such funds. 15. Investment of interest on sinking funds. 16. Cessation of contributions to sinking funds. 17. Expenses to be paid out of sinking funds. 18. Conversion or redemption of Ceylon Government stock. 19. Persons empowered to approve instruments. 20. United Kingdom investors' rights. 21. Payments to certain persons in respect of Ceylon Government stock to be free from taxes, levies or duties. 22. Costs, charges and expenses. 23. Persons empowered to enter into loan agreement with International Bank for Reconstruction and Development. 24. Enforceability of loan agreement, bonds and promissory notes. [ 2, 25 of 1954.] 25. Sums payable by Government of Ceylon under loan agreement, bonds and promissory notes to be a charge on Consolidated Fund. [ 3, 25 of 1954.] 26. Payments under loan agreement, bonds and promissory notes to be free from taxes, duties, fees and restrictions. [ 4, 25 of 1954.] 27. When a loan from International Bank is deemed to be raised and in what amount of rupees the loan is deemed to be. [ 5, 25 of 1954.] 28. How determinations, &c, of Government of Ceylon are to be signified. 29. Interpretation.