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Power of Board of Works to lend.
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5. The Commissioners of Public Works in Ireland may, with the consent of the Treasury, on the application of any Board of Guardians, and on the recommendation of the Local Government Board, make out of any moneys placed at their disposal by Parliament for the purpose of loans any loan to such Board of Guardians in pursuance of any power of borrowing conferred by this Act, on the security of any rate applicable to any of the purposes of the Poor Law Acts, and without requiring any further or other security, such loans to bear interest at the rate of three and a half per centum per annum.
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