Power of Municipal Corporation of Nicosia to assess, etc., moneys paid into Nicosia water supply fund

13.-(1) Whenever the Municipal Corporation of Nicosia has paid any moneys into the Nicosia water supply fund under the provisions of section 10(1) of this Law, it shall be lawful for the Municipal Corporation-

(a)to assess the amount of moneys so paid-

(i) on the persons and in the proportions specified in the First Schedule to this Law, and

(ii) in manner in the Second Schedule to this Law prescribed; and

(b)to recover and apply the amount so assessed in manner in the Third Schedule to this Law prescribed.

(2) If any moneys paid by the Municipal Corporation of Nicosia into the Nicosia water supply fund have been borrowed under the authority of an Order of the Governor issued under section 10(1)(b) of this Law and such moneys carry interest, the amount of such interest shall, for the purposes of this section, be deemed to be moneys paid into the Nicosia water supply fund.