Armed Forces (Housing Loans) Act 1949

1949 CHAPTER 77 12 13 and 14 Geo 6

An Act to provide money for the provision of housing accommodation in Great Britain for married persons serving in, or employed in connection with, the armed forces of the Crown, and for purposes connected therewith.

[16th December 1949]

Modifications etc. (not altering text)

C1 Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3

1 Provision of money for housing accommodation for married persons serving in, or employed in connection with, the armed forces of the Crown. U.K.

(1) During the [F1 eighteen financial years] ending on the thirty-first day of March, [F1 nineteen hundred and sixty-eight], the Treasury may, subject as hereinafter provided, issue from time to time out of the Consolidated Fund of the United Kingdom . . . F2 (hereinafter referred to as “the Consolidated Fund”) sums not exceeding in the aggregate [F1 one hundred and forty million pounds], to be applied as appropriations in aid of moneys provided by Parliament for those years for the provision of approved housing accommodation in Great Britain for married persons serving in, or employed in connection with, the armed forces of the Crown, being accommodation the cost of the provision of which would, apart from this Act, fall to be defrayed out of moneys provided by Parliament for [F1 the service of the Ministry of Public Building and Works]:

Provided that the amount so issued for any year to defray [F1 expenditure of that Ministry in respect of the provision of such approved accommodation as aforesaid], shall not at any date exceed the aggregate of the amounts proposed to be so issued to defray that expenditure by the estimates upon which the House of Commons has, before that date, resolved to grant sums to His Majesty to defray that expenditure for that year.

(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(3) The following provisions of this subsection shall have effect as respects the repayment of sums issued under subsection (1) of this section, that is to say—

(a) the aggregate of the sums so issued in any financial year shall be repaid into the [F4 National Loans Fund], as mentioned in the next following paragraph, with interest thereon [F5 at such rate as the Treasury may determine], the said interest accruing, as respects the whole aggregate, from the end of that year;

(b) the said aggregate shall be repaid by sixty equal annual instalments of principal and interest combined, the first of such instalments falling due at the end of the financial year next following that in which the sums in question were issued and one of the remainder falling due at the end of each of the fifty-nine succeeding financial years;

(c) any instalment to be paid into the [F4 National Loans Fund] under the last foregoing paragraph shall be paid out of moneys provided by Parliament for [F5 the service of the Ministry of Defence].

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(5) In this section the expression “approved” means approved for the purposes of this Act by the Treasury, . . . F6

Textual Amendments

F1 Words substituted by Armed Forces (Housing Loans) Act 1965 (c. 9), s. 1, Sch. Pt. I para. 1

F2 Words repealed by Statute Law Revision Act 1963 (c. 30)

F3 S. 1(2)(4) repealed with saving by National Loans Act 1968 (c. 13), s. 24(2), Sch. 6 Pt. I

F4 Words substituted by National Loans Act 1968 (c. 13), s. 2, Sch. 1

F5 Words substituted by Armed Forces (Housing Loans) Act 1965 (c. 9), s. 1, Sch. Pt. I para. 2

F6 Words repealed by Armed Forces (Housing Loans) Act 1965 (c. 9), s. 1, Sch. Pt. I paras. 2, 3

Modifications etc. (not altering text)

C2 S. 1 set out as amended by Armed Forces (Housing Loans) Act 1965 (c. 9) in Pt. II of the Sch. to that Act

C3 Functions of Ministry of Public Buildings and Works now exercisable by Secretary of State: S.I. 1970/1681

C4 Power to amend s. 1(3) given by Armed Forces (Housing Loans) Act 1958 c. 1 (7 & 8 Eliz. 2), s. 2

2 Short title. U.K.

This Act may be cited as the Armed Forces (Housing Loans) Act, 1949.