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(1)The power conferred by subsection (1) of section 4 of the M1Historic Buildings and Ancient Monuments Act 1953 to make grants for the purposes mentioned in that subsection shall include power to make loans for those purposes, and references to grants in subsections (3) and (4) of that section shall be construed accordingly.
(2)Any loan made by virtue of this section shall be made on such terms as to repayment, payment of interest and otherwise as the Minister making the loan may determine with the approval of the Treasury; and all sums received by any Minister by way of interest on or repayment of such a loan shall be paid into the Exchequer.
Marginal Citations