4 Constitution, &c. of Public Works Loan Commissioners.U.K.
For the purpose of loans out of moneys issued in pursuance of this Act, and for the purpose of the execution of this Act and of any enactment passed or hereafter to be passed authorising or referring to such loans, there shall be a body of Commissioners (in this Act referred to as the Loan Commissioners), who may be styled the Public Works Loan Commissioners.
Every person who may from time to time be appointed . . . F1 a Public Works Loan Commissioner shall, on signing the declaration in the Second Schedule to this Act, be deemed to be one of the Public Works Loan Commissioners under this Act.
. . . F1
A Public Works Loan Commissioner shall not receive any salary, fee, or emolument in respect of his services as such Commissioner.
Textual Amendments
F1Words repealed by Public Works Loans Act 1946 (c. 41), Sch. 2