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Public Works Loans Act 1952

Changes over time for: Public Works Loans Act 1952

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Version Superseded: 02/12/1999

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Public Works Loans Act 1952

1952 CHAPTER 3 1 and 2 Eliz 2

An Act to grant money for the purpose of certain local loans out of the Local Loans Fund, and for other purposes relating to local loans.

[16th December 1952]

1—5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1U.K.

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6 Payments to Local Loans Fund, and deductions from N.I. residuary share of reserved taxes in respect of certain local loans.U.K.

(1), (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

(3)Subsection (2) of section twenty-seven of the M1Government of Ireland Act 1920 (which provides for annual payments to the Local Loans Fund, and deductions from the Northern Ireland residuary share of reserved taxes, on account of the amount due in each year in respect of the loans to which this section applies), shall not apply to amounts due in respect of those loans after the date specified in any certificate under subsection (1) of this section; and any sums collected after the said date by the Government of Northern Ireland on account of those loans may, instead of being paid into the Exchequer of Northern Ireland under subsection (1) of the said section twenty-seven, be dealt with in such manner as the Parliament of Northern Ireland may determine.

(4)The loans to which this section applies are all loans made out of the Local Loans Fund before the twenty-second day of November, nineteen hundred and twenty-one, to authorities and persons in Northern Ireland, other than advances made for the purposes of the enactments relating to land purchase in Ireland.

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Marginal Citations

7 Short title.U.K.

This Act may be cited as the Public Works Loans Act 1952.

F3F3FIRST, SECOND SCHEDULESU.K.

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