Post and Telecommunication-related Matters Act, 1958 (Act No. 44 of 1958)

The Director-General may at any time borrow from the Bank by way of overdraft such sums of money as he may deem necessary to meet anticipated temporary deficits in the Post Office Account, and may pay interest on such loans, and the Bank may grant such loans to the department.

[Section 12M inserted by section 5 of Act No. 113 of 1976]