SCHEDULE 1Consequential provisions – primary legislation
Public Works Loans Act 187538
1
Section 41 (regulations by Commissioners) is amended as follows.
2
In the heading for “Commissioners” substitute “the Treasury”.
3
For “Loan Commissioners” substitute “Treasury”.
4
Omit the words “the quorum and proceedings of the Commissioners and”.
5
For “loans under this Act” substitute “local loans”.
6
For “such Commissioners” in both places occurring, substitute “the Treasury”.
7
Omit the words from “Every such regulation shall be submitted” to “shall have effect”.
8
For “Every such regulation”, in the second place occurring, substitute “Any power conferred by this Act to make regulations shall be exercisable by statutory instrument and any such statutory instrument”.