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In existing loans Treasury may dispense with or release from liability to contribute towards the completion of works beyond the amount subscribed, &c.
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17. Anything in the said recited Act to the contrary notwithstanding, it shall be lawful for the Treasury to release and discharge, if they shall so think fit, any party who under the provisions of the said recited Act shall be liable to be called upon to contribute any sum of money for the purpose of completing any work in respect of which any loan has been or shall be made, over and above or in addition to the amount for which such party subscribed or contracted to subscribe towards the execution of any such work; and in any loans which shall hereafter be made under the provisions of the said recited Act and of this Act, or either of them, no such liability shall be incurred unless the Treasury shall so direct: Provided always that it shall be lawful for the Treasury, if they shall think fit, at any time by any writing to declare that any loan which shall hereafter be made shall be made subject to such liability to contribute being incurred, and at any times or time after such liability shall have been incurred, if they shall so think fit, to release and discharge all or any of the parties who shall be so liable to contribute from the payment of the whole or any part of the sums or sum of money which he, she, or they shall be so liable to contribute or pay; and in case the Treasury shall think fit to make any such declaration requiring such liability to be undertaken, the said commissioners for the execution of the said recited Act and of this Act shall make such loan upon such condition that such liability to contribute shall be incurred; and in case the Treasury shall subsequently release or discharge any party from such liability, every such party shall from thenceforth be so released and discharged therefrom accordingly.
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