Words repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. II

Words repealed by Public Works Loans Act 1946 (c. 41), Sch. 2

S. 10 repealed by Public Works Loans Act 1964 (c. 9), Sch. 3

S. 11 amended by Local Authorities Loans Act 1945 (c. 18), s. 2(2) and Public Works Loans Act 1965 (c. 63), Sch. para. 4

Words repealed by Public Works Loans Act 1964 (c. 9), Sch. 3

Words substituted by Public Works Loans Act 1911 (c. 17), s. 4

S. 12 excluded by Public Works Loans Act 1965 (c. 63), s. 2(1); restricted by ibid., Sch. para. 5

S. 13 repealed by Public Works Loans Act 1882 (c. 62), s. 9

S. 14 repealed by National Debt and Local Loans Act 1887 (c. 16), Sch. 3

S. 15 repealed by Statute Law Revision Act 1968 (c. 30)

Ss. 16, 17 repealed by National Debt and Local Loans Act 1887 (c. 16), Sch. 3

S. 9 heading substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 14(2) (with art. 9)

Words in s. 11 heading substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 15(2) (with art. 9)

Words in s. 12 heading substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 16(2) (with art. 9)

Word in s. 9 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 14(3) (with art. 9)

Words in s. 9 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 14(4) (with art. 9)

Words in s. 11 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 15(3) (with art. 9)

Words in s. 11 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 15(4) (with art. 9)

Word in s. 11 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 15(5) (with art. 9)

Words in s. 11 omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 15(6) (with art. 9)

Words in s. 11 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 15(7) (with art. 9)

Word in s. 12 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 16(3) (with art. 9)

Words in s. 12 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 16(4) (with art. 9)

http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loanPublic Works Loans Act 1875An Act to consolidate with Amendments the Acts relating to Loans for Public Works.1979-06-30texttext/xmlenStatute Law Database2020-04-17Expert Participation2020-02-25 Objects, Terms, and Duration of Loan
9Local loans.

. . .

The Treasury in considering the propriety of granting a local loan shall have regard to the sufficiency of the security for its repayment, . . .

10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 Term of years for repayment of local loan.

Every local loan shall be made repayable . . . within a period from the date of the actual advance of such loan, not exceeding the period authorised by a special Act relating to such loan, or if no period be so authorised not exceeding fifty years.

Where a local loan has been granted repayable within a period less than the full period allowed by the foregoing provisions of this section, the Treasury, if the repayment of the loan with interest is in their opinion sufficiently secured by such security as is required by this Act, and if they think fit, may extend the period for the repayment of such loan to a period not exceeding the said full period from the date of the advance of such loan.

Where no period is authorised by a special Act relating to the loan, the Treasury, ... stating special circumstances, may either before or after the grant of the loan, extend the period within which the loan is to be repaid to such period as they see fit.

. . .

12 Security for local loans.

The Treasury before advancing any money on account of a local loan shall take security for the repayment of the loan with the interest, consisting of the security authorised by the special Act relating to the loan, or if none is so authorised, of a mortgage of property or of a rate, or of both property and a rate, and (save as herein-after mentioned) of personal security.

The Treasury may, if they think fit, dispense with personal security in any case in which in their opinion the mortgaged property or rate is sufficient security for the payment of the principal and interest of the loan within the stipulated period.

13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<portion includedIn="http://www.legislation.gov.uk/id/ukpga/Vict/38-39/89">
<meta>
<identification source="#source">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/ukpga/Vict/38-39/89"/>
<FRBRuri value="http://www.legislation.gov.uk/id/ukpga/Vict/38-39/89"/>
<FRBRdate date="1875-08-13" name="enacted"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/legislature/UnitedKingdomParliament"/>
<FRBRcountry value="GB-UKM"/>
<FRBRnumber value="89"/>
<FRBRname value="1875 c. 89"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/Vict/38-39/89"/>
<FRBRdate date="2020-02-25" name="validFrom"/>
<FRBRauthor href="#source"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/data.akn"/>
<FRBRdate date="2024-11-01Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<lifecycle source="#source">
<eventRef date="1875-08-13" type="generation" eId="enacted-date" source="#source"/>
<eventRef date="1991-02-01" type="amendment" source="#source"/>
<eventRef date="2020-02-25" type="amendment" source="#source"/>
<eventRef date="1991-02-01" eId="effective-date-1" source="#source"/>
<eventRef date="2020-02-25" eId="effective-date-2" source="#source"/>
</lifecycle>
<analysis source="#source">
<passiveModifications>
<textualMod type="substitution" eId="mod-key-e83c16fb7851827f30b2797d5a667584-1585940829866">
<source href="#key-e83c16fb7851827f30b2797d5a667584"/>
<destination href="#crossheading-objects-terms-and-duration-of-loan"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-6bd734b75d585e6a87524239ffb786a2-1585946176978">
<source href="#key-6bd734b75d585e6a87524239ffb786a2"/>
<destination href="#section-9"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-f5d4f5f53ad7b6f7346017ab41f016d2-1585946206087">
<source href="#key-f5d4f5f53ad7b6f7346017ab41f016d2"/>
<destination href="#section-9"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-ce8e56d9d2d0ed14bf745ec68c02b15c-1585940882271">
<source href="#key-ce8e56d9d2d0ed14bf745ec68c02b15c"/>
<destination href="#crossheading-objects-terms-and-duration-of-loan"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-ecb7266df3c03028a7c26a8c9055f5e0-1585946976244">
<source href="#key-ecb7266df3c03028a7c26a8c9055f5e0"/>
<destination href="#section-11"/>
</textualMod>
<textualMod type="insertion" eId="mod-d30p245">
<source href="#c569353"/>
<destination href="#section-11"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-e19c4aa2644c51d9cc79aed380bb2f95-1585947049832">
<source href="#key-e19c4aa2644c51d9cc79aed380bb2f95"/>
<destination href="#section-11"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-ed25863a0421dbd60be285fa5f856438-1585947083029">
<source href="#key-ed25863a0421dbd60be285fa5f856438"/>
<destination href="#section-11"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-4e9230ed8556ded87a6cea0cb62c8e47-1585947153772">
<source href="#key-4e9230ed8556ded87a6cea0cb62c8e47"/>
<destination href="#section-11"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-090ef2709ce633ad074e44b500cfcd80-1585940932556">
<source href="#key-090ef2709ce633ad074e44b500cfcd80"/>
<destination href="#crossheading-objects-terms-and-duration-of-loan"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-36388d14e45429c00a8bf8d41b1095de-1585947323611">
<source href="#key-36388d14e45429c00a8bf8d41b1095de"/>
<destination href="#section-12"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-acf37bb684d17adbb8556c38375de4f7-1585948154991">
<source href="#key-acf37bb684d17adbb8556c38375de4f7"/>
<destination href="#section-12"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-36388d14e45429c00a8bf8d41b1095de-1585948103524">
<source href="#key-36388d14e45429c00a8bf8d41b1095de"/>
<destination href="#section-12"/>
</textualMod>
</passiveModifications>
<restrictions source="#source">
<restriction refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#section-9" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#section-11" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#section-12" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#crossheading-objects-terms-and-duration-of-loan" refersTo="#e+w+s+ni" type="jurisdiction"/>
</restrictions>
</analysis>
<temporalData source="#source">
<temporalGroup eId="period1">
<timeInterval start="#effective-date-1" refersTo="#period-concept1"/>
</temporalGroup>
<temporalGroup eId="period2">
<timeInterval start="#effective-date-2" refersTo="#period-concept2"/>
</temporalGroup>
</temporalData>
<references source="#source">
<TLCOrganization eId="source" href="http://www.legislation.gov.uk/id/publisher/StatuteLawDatabase" showAs="Statute Law Database"/>
<TLCLocation eId="e+w+s+ni" href="/ontology/jurisdictions/uk.EnglandWalesScotlandNorthernIreland" showAs="England, Wales, Scotland, Northern Ireland"/>
<TLCConcept eId="period-concept1" href="/ontology/time/1991.02.01" showAs="since 1991-02-01"/>
<TLCConcept eId="period-concept2" href="/ontology/time/2020.02.25" showAs="since 2020-02-25"/>
</references>
<notes source="#source">
<note class="commentary F" eId="c569348">
<p>
Words repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1968/13">National Loans Act 1968 (c. 13)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1968/13/schedule/6/part/II">Sch. 6 Pt. II</ref>
</p>
</note>
<note class="commentary F" eId="c569349">
<p>
Words repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1946/41">Public Works Loans Act 1946 (c. 41)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1946/41/schedule/2">Sch. 2</ref>
</p>
</note>
<note class="commentary F" eId="c569350">
<p>
S. 10 repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1964/9">Public Works Loans Act 1964 (c. 9)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1964/9/schedule/3">Sch. 3</ref>
</p>
</note>
<note class="commentary C" eId="c569351">
<p>
S. 11 amended by
<ref href="http://www.legislation.gov.uk/id/ukpga/1945/18">Local Authorities Loans Act 1945 (c. 18)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1945/18/section/2/2">s. 2(2)</ref>
and
<ref href="http://www.legislation.gov.uk/id/ukpga/1965/63">Public Works Loans Act 1965 (c. 63)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1965/63/schedule/paragraph/4">Sch. para. 4</ref>
</p>
</note>
<note class="commentary F" eId="c569352">
<p>
Words repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1964/9">Public Works Loans Act 1964 (c. 9)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1964/9/schedule/3">Sch. 3</ref>
</p>
</note>
<note class="commentary F" eId="c569353">
<p>
Words substituted by
<ref href="http://www.legislation.gov.uk/id/ukpga/1911/17">Public Works Loans Act 1911 (c. 17)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1911/17/section/4">s. 4</ref>
</p>
</note>
<note class="commentary C" eId="c569355">
<p>
S. 12 excluded by
<ref href="http://www.legislation.gov.uk/id/ukpga/1965/63">Public Works Loans Act 1965 (c. 63)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1965/63/section/2/1">s. 2(1)</ref>
; restricted by ibid., Sch. para. 5
</p>
</note>
<note class="commentary F" eId="c569356">
<p>
S. 13 repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1882/62">Public Works Loans Act 1882 (c. 62)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1882/62/section/9">s. 9</ref>
</p>
</note>
<note class="commentary F" eId="c569357">
<p>
S. 14 repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1887/16">National Debt and Local Loans Act 1887 (c. 16)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1887/16/schedule/3">Sch. 3</ref>
</p>
</note>
<note class="commentary F" eId="c569358">
<p>
S. 15 repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1968/30">Statute Law Revision Act 1968 (c. 30)</ref>
</p>
</note>
<note class="commentary F" eId="c569359">
<p>
Ss. 16, 17 repealed by
<ref href="http://www.legislation.gov.uk/id/ukpga/1887/16">National Debt and Local Loans Act 1887 (c. 16)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1887/16/schedule/3">Sch. 3</ref>
</p>
</note>
<note class="commentary F" eId="key-e83c16fb7851827f30b2797d5a667584">
<p>
S. 9 heading substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/14/2">Sch. 1 para. 14(2)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-ce8e56d9d2d0ed14bf745ec68c02b15c">
<p>
Words in s. 11 heading substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/15/2">Sch. 1 para. 15(2)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-090ef2709ce633ad074e44b500cfcd80">
<p>
Words in s. 12 heading substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/16/2">Sch. 1 para. 16(2)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-6bd734b75d585e6a87524239ffb786a2">
<p>
Word in s. 9 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/14/3">Sch. 1 para. 14(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-f5d4f5f53ad7b6f7346017ab41f016d2">
<p>
Words in s. 9 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/14/4">Sch. 1 para. 14(4)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-ecb7266df3c03028a7c26a8c9055f5e0">
<p>
Words in s. 11 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/15/3">Sch. 1 para. 15(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-e19c4aa2644c51d9cc79aed380bb2f95">
<p>
Words in s. 11 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/15/4">Sch. 1 para. 15(4)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-ed25863a0421dbd60be285fa5f856438">
<p>
Word in s. 11 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/15/5">Sch. 1 para. 15(5)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-229996a3d88d7e3f411d6a7832fdbcd6">
<p>
Words in s. 11 omitted (25.2.2020) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/15/6">Sch. 1 para. 15(6)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-4e9230ed8556ded87a6cea0cb62c8e47">
<p>
Words in s. 11 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/15/7">Sch. 1 para. 15(7)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-36388d14e45429c00a8bf8d41b1095de">
<p>
Word in s. 12 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/16/3">Sch. 1 para. 16(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
<note class="commentary F" eId="key-acf37bb684d17adbb8556c38375de4f7">
<p>
Words in s. 12 substituted (25.2.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176">The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/1/2">art. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/schedule/1/paragraph/16/4">Sch. 1 para. 16(4)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2020/176/article/9">art. 9</ref>
)
</p>
</note>
</notes>
<proprietary xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" source="#source">
<ukl:RestrictStartDate value="2020-02-25"/>
<dc:identifier>http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan</dc:identifier>
<dc:title>Public Works Loans Act 1875</dc:title>
<dc:description>An Act to consolidate with Amendments the Acts relating to Loans for Public Works.</dc:description>
<dc:date>1979-06-30</dc:date>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2020-04-17</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2020-02-25</dct:valid>
<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/introduction" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/body" title="body"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/schedules" title="schedules"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/contents" title="Table of Contents"/>
<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/1991-02-01" title="1991-02-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/enacted" title="enacted"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/1991-02-01" title="1991-02-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/objects-terms-and-duration-of-loan/2020-02-25" title="2020-02-25"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/public-works-loan-commissioners" title="Crossheading; Crossheading; Public Works Loan Commissioners"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/public-works-loan-commissioners" title="Crossheading; Crossheading; Public Works Loan Commissioners"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/recovery-of-loans" title="Crossheading; Crossheading; Recovery of Loans"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/Vict/38-39/89/crossheading/recovery-of-loans" title="Crossheading; Crossheading; Recovery of Loans"/>
<ukm:PrimaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="primary"/>
<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
<ukm:DocumentStatus Value="revised"/>
</ukm:DocumentClassification>
<ukm:Year Value="1875"/>
<ukm:Number Value="89"/>
<ukm:AlternativeNumber Category="Regnal" Value="38_and_39_Vict"/>
<ukm:EnactmentDate Date="1875-08-13"/>
</ukm:PrimaryMetadata>
<ukm:Alternatives>
<ukm:Alternative Date="2009-07-06" URI="http://www.legislation.gov.uk/ukpga/1875/89/pdfs/ukpga_18750089_en.pdf" Title="Print Version"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="59"/>
<ukm:BodyParagraphs Value="56"/>
<ukm:ScheduleParagraphs Value="3"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<portionBody period="#period2">
<hcontainer name="crossheading" eId="crossheading-objects-terms-and-duration-of-loan" period="#period2">
<heading> Objects, Terms, and Duration of Loan</heading>
<section eId="section-9" period="#period2">
<num>9</num>
<heading>
<ins class="substitution key-e83c16fb7851827f30b2797d5a667584-1585940829866 first last">
<noteRef href="#key-e83c16fb7851827f30b2797d5a667584" marker="F10" class="commentary attribute F"/>
Local loans
</ins>
.
</heading>
<content>
<p>
. . .
<noteRef href="#c569348" marker="F1" class="commentary F"/>
</p>
<p>
The
<ins class="substitution key-6bd734b75d585e6a87524239ffb786a2-1585946176978 first last">
<noteRef href="#key-6bd734b75d585e6a87524239ffb786a2" marker="F13" class="commentary attribute F"/>
Treasury
</ins>
in considering the propriety of granting a
<ins class="substitution key-f5d4f5f53ad7b6f7346017ab41f016d2-1585946206087 first last">
<noteRef href="#key-f5d4f5f53ad7b6f7346017ab41f016d2" marker="F14" class="commentary attribute F"/>
local loan
</ins>
shall have regard to the sufficiency of the security for its repayment, . . .
<noteRef href="#c569349" marker="F2" class="commentary F"/>
</p>
</content>
</section>
<section eId="section-10" period="#period1">
<num>10</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c569350" marker="F3" class="commentary F"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-11" period="#period2">
<num>11</num>
<heading>
Term of years for repayment of
<ins class="substitution key-ce8e56d9d2d0ed14bf745ec68c02b15c-1585940882271 first last">
<noteRef href="#key-ce8e56d9d2d0ed14bf745ec68c02b15c" marker="F11" class="commentary attribute F"/>
local loan
</ins>
.
<noteRef href="#c569351" marker="C1" class="commentary C"/>
</heading>
<content>
<p>
Every
<ins class="substitution key-ecb7266df3c03028a7c26a8c9055f5e0-1585946976244 first last">
<noteRef href="#key-ecb7266df3c03028a7c26a8c9055f5e0" marker="F15" class="commentary attribute F"/>
local loan
</ins>
shall be made repayable . . .
<noteRef href="#c569352" marker="F4" class="commentary F"/>
within a period from the date of the actual advance of such loan, not exceeding the period authorised by a special Act relating to such loan, or if no period be so authorised not exceeding
<ins class="d30p245 first last">
<noteRef href="#c569353" marker="F5" class="commentary attribute F"/>
fifty
</ins>
years.
</p>
<p>
Where
<ins class="substitution key-e19c4aa2644c51d9cc79aed380bb2f95-1585947049832 first last">
<noteRef href="#key-e19c4aa2644c51d9cc79aed380bb2f95" marker="F16" class="commentary attribute F"/>
a local loan has been granted
</ins>
repayable within a period less than the full period allowed by the foregoing provisions of this section, the
<ins class="substitution key-ed25863a0421dbd60be285fa5f856438-1585947083029 first last">
<noteRef href="#key-ed25863a0421dbd60be285fa5f856438" marker="F17" class="commentary attribute F"/>
Treasury
</ins>
, if the repayment of the loan with interest is in their opinion sufficiently secured by such security as is required by this Act, and if they think fit, may extend the period for the repayment of such loan to a period not exceeding the said full period from the date of the advance of such loan.
</p>
<p>
Where no period is authorised by a special Act relating to the loan, the Treasury,
<noteRef href="#key-229996a3d88d7e3f411d6a7832fdbcd6" marker="F18" class="commentary F"/>
... stating special circumstances, may either before or after the grant of the loan, extend the period within which the loan is to be repaid to such period as
<ins class="substitution key-4e9230ed8556ded87a6cea0cb62c8e47-1585947153772 first last">
<noteRef href="#key-4e9230ed8556ded87a6cea0cb62c8e47" marker="F19" class="commentary attribute F"/>
they see fit
</ins>
.
</p>
<p>
. . .
<noteRef href="#c569352" marker="F4" class="commentary F"/>
</p>
</content>
</section>
<section eId="section-12" period="#period2">
<num>12</num>
<heading>
Security for
<ins class="substitution key-090ef2709ce633ad074e44b500cfcd80-1585940932556 first last">
<noteRef href="#key-090ef2709ce633ad074e44b500cfcd80" marker="F12" class="commentary attribute F"/>
local loans
</ins>
.
<noteRef href="#c569355" marker="C2" class="commentary C"/>
</heading>
<content>
<p>
The
<ins class="substitution key-36388d14e45429c00a8bf8d41b1095de-1585947323611 first last">
<noteRef href="#key-36388d14e45429c00a8bf8d41b1095de" marker="F20" class="commentary attribute F"/>
Treasury
</ins>
before advancing any money on account of
<ins class="substitution key-acf37bb684d17adbb8556c38375de4f7-1585948154991 first last">
<noteRef href="#key-acf37bb684d17adbb8556c38375de4f7" marker="F21" class="commentary attribute F"/>
a local loan
</ins>
shall take security for the repayment of the loan with the interest, consisting of the security authorised by the special Act relating to the loan, or if none is so authorised, of a mortgage of property or of a rate, or of both property and a rate, and (save as herein-after mentioned) of personal security.
</p>
<p>
The
<ins class="substitution key-36388d14e45429c00a8bf8d41b1095de-1585948103524 first last">
<noteRef href="#key-36388d14e45429c00a8bf8d41b1095de" marker="F20" class="commentary attribute F"/>
Treasury
</ins>
may, if they think fit, dispense with personal security in any case in which in their opinion the mortgaged property or rate is sufficient security for the payment of the principal and interest of the loan within the stipulated period.
</p>
</content>
</section>
<section eId="section-13" period="#period1">
<num>13</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c569356" marker="F6" class="commentary F"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-14" period="#period1">
<num>14</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c569357" marker="F7" class="commentary F"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-15" period="#period1">
<num>15</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c569358" marker="F8" class="commentary F"/>
</heading>
<content>
<p/>
</content>
</section>
<section eId="section-1617." period="#period1">
<num>16</num>
<heading>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<noteRef href="#c569359" marker="F9" class="commentary F"/>
</heading>
<content>
<p/>
</content>
</section>
</hcontainer>
</portionBody>
</portion>
</akomaNtoso>