60. The Government may authorize the Minister to effect the loans required:
(a) for the purposes contemplated by section 59;
(b) for the purpose of renewing or of paying at maturity or of redeeming prior to maturity the whole or any part of any loan or loans effected by the Government;
(c) for the raising of such moneys as the Government deems requisite for the purpose of meeting any deficiency in the consolidated revenue fund or providing for expenditures to be made therefrom;
(d) for the purposes contemplated by section 69.5.
The provisions of paragraph b shall not be interpreted as conferring authority to redeem a loan prior to maturity in the absence of a stipulation of the right to do so or the consent of the creditors.
1970, c. 17, s. 60; 1977, c. 5, s. 14; 1990, c. 66, s. 3.