18.—(1) Section 19 (charges on rate of loan and loan not to be repudiated by locality having had the benefit of it) is amended as follows.
(2) In the heading for “loan and loan” substitute “local loan and local loan”.
(3) For “a loan” substitute “a local loan”.
(4) For “Loan Commissioners” substitute “Treasury”.
(5) For “the Commissioners” substitute “the Treasury” in each place occurring.