Section 75, The Rural Area (2) This Ordinance shall come into operation on the first day of January, 1950, or

Where money borrowed is directed to be repaid by Proyisi?ns asmeans of a sinking fund, the local authority shall, out of the }~n~~kmg rents and profits of the land on which, or out of the revenue of the local authority or the rate on which the sums required for the sinking fund are charged under this Ordinance, invest such sums at such times and in such manner as the Governor in C?uncil may direct, and may from time to time, with the like direction, alter or change any such investment. S.L.-VoL. II-12* Provisions for replacing purchase or compensation money. Investment of proceeds of sale or exchange. Power to make contracts. Contracts by local