770. Government grants and loans.

770.     Government grants and loans.

The Secretary of State1 may make to the Civil Aviation Authority ('CAA') out of money provided by Parliament grants of such amounts as he thinks fit2.

The Secretary of State may also lend to the CAA, for capital purposes or for fulfilling a guarantee entered into by the CAA3, any sums which the Treasury4 may issue to the Secretary of State out of the National Loans Fund5. Determinations as to the scheme of repayment are given by the Secretary of State6, and the sums