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Advances for building schools, &c. may be repayable by instalments of six per cent. per annum instead of ten per cent as under 53 Geo. 3. c. 107. s. 19.
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12. Upon any petition to the lord lieutenant, from the commissioners under the said recited Act, for the advance of money for purchasing, building, rebuilding, enlarging, or repairing any school house belonging to any school under the jurisdiction of the said commissioners, or any of the appurtenances or accommodations belonging to or necessary for the convenient use of such school, setting forth what yearly sum, not being less than six per centum on the sum required, can be paid out of the revenue of such school to replace the sum so advanced, it shall and may be lawful for the lord lieutenant if he shall think proper so to do, to direct that such sum as he shall think proper, not exceeding the sum required by such petition, shall be advanced and repaid in like manner as such lord lieutenant is by the said Act authorized to do in case of a petition setting forth what yearly sum less than ten per centum can be paid out of the revenue of such school, and as if the said sum of six per centum had been mentioned in the said Act instead of the said sum of ten per centum; anything in the said recited Act to the contrary notwithstanding.
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