4(1)The repeal by this Act of—E+W+S
(a)section 127 of the Housing Act 1957 (power of certain companies, &c. provide housing for their employees), or
(b)section 47(4) of the M1Housing (Financial Provisions) Act 1958 or section 24(3) of the M2Housing (Financial Provisions) (Scotland) Act 1968 (power of certain companies, &c. to borrow from Public Works Loan Commissioners)
does not affect the powers of any company, association or society in relation to which the provision in question applied before 1st April 1986.
(2)The repeal by this Act of section 47(8) of the Housing (Financial Provisions) Act 1958 (quasi-incorporation of certain bodies for certain housing purposes) does not affect the status of any company, association or society in relation to which the provision applied before 1st April 1986.
(3)The repeal by this Act of section 47(9) of the Housing (Financial Provisions) Act 1958 (borrowing powers of certain housing associations) does not affect the power of any housing association to which that provision applied before 1st April 1986 to raise money on loan at a rate of interest not exceeding that determined by the Treasury for the purposes of the definition of “housing association” in section 1 of the M3Housing Associations Act 1985.