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Explanation of Acts as to loans for houses for labouring classes in Ireland.
29 & 30 Vict. c. 28.
29 & 30 Vict. c. 44.
42 & 43 Vict. c. 77.
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11. [Recital.] Any company, society, or association established for the purpose of constructing or improving dwellings for the labouring classes shall be deemed to be and always to have been a company, society, or association to which a loan may be made in pursuance of the Labouring Classes Dwelling Houses Act, 1866, and the Labouring Classes Lodging Houses and Dwellings (Ireland) Act, 1866, and any loan heretofore made to any such company, society, or association shall be deemed to have been validly made, and the security given for the same shall be valid and effectual to all intents.
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The period and rate of interest of any loan made in pursuance of either of the above-mentioned Acts may be such as is mentioned either in the Act or in section six of the Public Works Loans Act, 1879, with respect to the like loans by the Public Works Loan Commissioners, and the said section six shall be deemed to have been and this section shall be deemed to be in addition to and not in derogation of the powers under the above-mentioned Acts.
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