§ 4.—(1) Subject to sub-paragraph (3), the corporation may do anything which appears to it to be necessary or expedient for the purpose of or in connection with the discharge of its functions.
§ (2) That includes, in particular—
- (a) entering into contracts,
- (b) investing sums not immediately required in relation to the discharge of its functions, and
- (c) accepting gifts.
- (3) The corporation may borrow sums in sterling by way of overdraft or otherwise for the purpose of meeting a temporary excess of expenditure over sums otherwise available to meet that expenditure.
- (4) The corporation may borrow money only under sub-paragraph (3) and may borrow under that sub-paragraph only in accordance with the special or general approval of the Assembly.