(1) The Treasurer may execute in favour of any person a guarantee guaranteeing the repayment of any loan to be made by that person to the Sisters of Mercy Property Association.
(2) A guarantee by the Treasurer pursuant to sub-section (1)—
(a) shall be in such form and subject to such terms and conditions as he thinks fit; and
(b) may extend to any interest charges and expenses chargeable by the person making the loan and the expenses of enforcing or obtaining or endeavouring to enforce or obtain repayment of the loan guaranteed and such interest charges and expenses.