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Amendment of 61 & 62 Vict. c. 87. s. 63 (2) as to remission of disallowance or surcharge.
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7. Where, under subsection (2) of section sixty-three of the principal Act, the Local Government Board have directed that a disallowance or surcharge of a payment in respect of interest on any loan shall be remitted, that payment and all subsequent payments of interest at the same rate in respect of the same loan shall, until the loan is repaid, or the Local Government Board otherwise order, be legally chargeable upon such fund or rate as that Board declare to be applicable for the payment thereof.
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