INTEREST ON LOANS ADVANCED BY STATE GOVERNMENT TO BE PAID ONLY AFTER OTHER EXPENSES.

Any interest which is payable on loans advanced under Sec. 64 or deemed to have been advanced under Sec. 60 to the Board by the State Government and which is charged to revenues in any year may be paid only out of the balance of the revenues, if any, of that year which is left after meeting all the other expenses referred to in sub-section (1) of Sec. 59 and so much of interest as is not paid in any year by reason of the provisions of this section shall be deemed to be deferred liability and shall be discharged in accordance with the provisions of this section in the subsequent year or years, as the case may be.