Section 5. Procedure for sanctioning loans

5. (1) Any refugee may submit to the controlling authority within the local limits of whose jurisdiction he resides or intends to carry on his business or profession, an application on the prescribed form, supported by an affidavit by him stating the amount of loan desired, the purpose for which it is desired and the manner in which he proposes to repay the loan, if granted to him. (2) A controlling authority subject to any general or special orders of the Chief Administrator, may grant a loan to such extent and in such manner as may be prescribed. (3) The controlling authority shall, when granting any loan, specify the conditions on which the same is made and the installments by which it is to be paid.