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Disposition of certain sums.
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8.—Every sum which before the passing of the Principal Act and after the 6th day of December, 1922, was paid or was by law applicable in or towards the discharge of the principal or the interest of a local loan and was carried into the fund then maintained by the Minister and then generally known as the local loans fund shall, notwithstanding any provision to the contrary (whether of general or specific application) contained in any enactment, be deemed to have been properly carried into the said fund.
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