Part IPart IPowers of Statutory Water Companies
Relaxation of restrictions affecting raising of capital
6Relaxation of restrictions on payment of interest
Nothing in so much of any local statutory provision as imposes a requirement—
a
as to the rate of interest at which sums may be borrowed by a statutory water company; or
b
as to the rate at which interest on sums so borrowed is to be paid,
shall apply in relation to any borrowing by a statutory water company after 31st August 1989.