21(1)Section 36 of the Fire Precautions Act 1970 (loans to meet expenditure on certain alterations) is amended as follows.E+W+S
(2)For subsection (8) (terms of loan) substitute—
“(8)The local authority’s offer may in particular include provision—
(a)for the advance to be made by instalments from time to time as the alterations progress;
(b)for repayment either by instalments of principal or by an annuity of principal and interest combined;
(c)that in the event of any of the conditions subject to which the advance is made not being complied with, the balance for the time being unpaid shall become repayable on demand by the local authority;
(d)that the balance for the time being unpaid may be repaid on one of the usual quarter days by the person for the time being entitled to the equity of redemption after one month’s written notice of intention to repay has been given to the local authority.”.
(3)In subsection (9) (application to Scotland) for paragraph (d) substitute—
“(d)in subsection (8) for “on one of the usual quarter days” there shall be substituted “any term of Whitsunday or Martinmas” and for “the person for the time being entitled to the equity of redemption” there shall be substituted “the debtor”.”.