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”.