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Regulations as to loans by Commissioners.
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5. The following restrictions shall be imposed on the Commissioners making loans under this Act:
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. . . . . . . . . . . .
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(4.) There shall be charged by way of interest, in respect of loans, such interest (if any) not exceeding three pounds ten shillings per cent., as the Commissioners may from time to time, with the approval of the Lord Lieutenant in council, determine.
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Subject as aforesaid, and to such rules as are herein-after mentioned, the Commissioners shall make loans for fishery purposes to such persons and upon such security as the inspectors of Irish fisheries may from time to time recommend.
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The recommendation of the said inspectors shall be testified by writing under their hands signed by all the said inspectors, specifying such particulars in respect of the loan, and especially the persons to whom and the security (personal or otherwise) on which the loan is to be made, as the Commissioners may require.
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In the case of all loans other than loans for fishery purposes, the Commissioners shall take such security, personal or otherwise, as they may from time to time think sufficient.
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[S. 6 rep. 46 & 47 Vict. c. 39. (S.L.R.)]
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