Public Works Loans Act, 1898

PUBLIC WORKS LOANS ACT 1898

CHAPTER LIV.

An Act to grant Money for the purpose of certain Local Loans, and for other purposes relating to Loans out of the Local Loans Fund. [12th August 1898.]

[Ss. 1, 2 rep. 8 Edw. 7. c. 49. (S.L.R.).]

Addition to purposes for which Public Works Loan Commissioners may lend.

38 & 39 Vict. c. 89.

3. The works for the purpose of which the Public Works Loan Commissioners may lend in Great Britain under the Public Works Loans Act, 1875, shall include any work for which the managers of asylum districts, or of school districts, are respectively authorised to borrow under the Acts relating to the relief of the poor.

Power of Commissioners of Public Works in Ireland to lend to local authorities.

4. The Commissioners of Public Works in Ireland may if they think fit lend under the Public Works (Ireland) Acts, 1831 to 1886, for the purpose of any work for which the council of a county borough or district in Ireland are authorised to borrow; and, notwithstanding anything in the said Acts, the loan may be made for such term as the Commissioners think fit, not exceeding the term for which the borrowing council are authorised to borrow.

Amendment of 38 & 39 Vict. c. 89. s. 11. as to term for repayment of loans.

5. In section eleven of the Public Works Loans Act, 1875 (which fixes the time for repayment of loans), “thirty” shall be substituted for “twenty.”

Short title.

6. This Act may be cited as the Public Works Loans Act, 1898.

[Sched. rep. 8 Edw. 7. c. 49. (S.L.R.).]