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Provisions as to borrowing.
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30.—(1) Money borrowed by the council of a county, county or other borough, or urban district, for the purpose of the repair of any damage (including total destruction) done to any road at any time prior to the 20th day of March, 1923, shall not be reckoned as part of the total debt of such council for the purpose of any limitation on borrowing imposed by any enactment relating to borrowing by such council.
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(2) The repayment of so much as is on the 1st day of April, 1925, outstanding of any loan borrowed before the passing of this Act by the council of any county, county or other borough or urban district for the purpose of the construction or maintenance of any road (other than a loan borrowed for the purposes of the Bridges (Ireland) Acts, 1813-1875) shall, from and after the passing of this Act, be charged on the area upon which the expense of such construction and maintenance would be charged under the provisions of this Act.
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