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Local Loans Fund (Amendment) Act, 1940

Persons by whom local loans can be made.

5.—(1) Notwithstanding anything contained in any other enactment, every local loan made by means of an issue from the fund may be made either by the Minister or by any other person (including, in particular, the Commissioners of Public Works in Ireland) on the direction or with the authority of the Minister.

(2) This section shall be deemed to have come into operation on and to have had effect as on and from the passing of the Principal Act and shall accordingly apply and be deemed always to have applied to local loans made by means of issues from the fund after the passing of the Principal Act and before the passing of this Act as well as to local loans so made after the passing of this Act.