Borrowing powers

19.-(1) Τhe Water Commission may, with the consent and under the authority of an Order of the Governor in Council and subject to such terms and conditions as may be imposed by such Order, borrow moneys for any of the purposes of this Law and may secure the repayment of the principal and interest by mortgaging any rate, rent, immovable property or waterworks or any part thereof.

(2) Notwithstanding anything contained in any other enactment the Governor may authorize the High Council of Evcaf to guarantee any moneys borrowed by the Water Commission under this section and every such guarantee shall be a charge on the revenue of the Evcaf Office.