18SIn section 261—
(a)in subsection (1), for the words “county council or a town council” there shall be substituted the words “local authority”; the words “on or after the sixteenth day of May nineteen hundred and thirty and by a district council after the commencement of this Act” shall cease to have effect; for the words “of the council” there shall be substituted the words “of the authority”; the words from “and all money” to “pari passu” shall cease to have effect; for the words “a council” there shall be substituted the words “a local authority”; and for the words “which the council” there shall be substituted the words “which the authority”;
(b)in subsection (3), for the words “town council of a burgh” there shall be substituted the words “council of an islands area or district”; and for the words “the burgh” there shall be substituted the words “the islands area or district”;
(c)in subsection (5), for the words “section seventy-one of, or the Fourth Schedule to, the M1Housing (Scotland) Act 1925” there shall be substituted the words “section 165 of, or Schedule 7 to, the M2Housing (Scotland) Act 1966”.