210. (1) Subject to the provisions of this section, the Borrowing by executive authority of a Province extends to borrowing upon the security of the revenues of the Province within such limits, if any, as may from time to time be fixed by Act of the Provincial Legislature, and to the giving of guarantees within such limits, if any, as may be so fixed.

(2) The Federation may, subject to such conditions, if any, as it may think fit to impose, make loans to units or so long as any limits fixed under the last preceding section are not exceeded, give guarantees in respect of loans raised by any unit and any sums required for the purpose of making such loans shall be charged on the revenues of the Federation.

(3) A Province may not without the consent OF the Federation raise any loan if there is still outstanding any part of a loan which has been made to the Province by the Federation or its predecessor-Government or in respect of which a guarantee has been given by the Federation or by its predecessor-Government.

A consent under this sub-section may be granted subject to such conditions, if any, as the Federation may think fit to impose.