(1) Subject to subsection (2), a Government corporation may borrow money.
(2) The power conferred on the Government Corporation by subsection (1) is exercisable on approval by the Minister as to—
(a) the amount and source of the loan; and
(b) the terms on which the loan may be effected.
(3) An approval given for the purpose of this section may be either general or limited to a particular borrowing and may be either unconditional or subject to conditions.