1991 No. 1140
The Public Works Loans (Fees) (Amendment) Regulations 1991
Made
Laid before Parliament
Coming into force
The Treasury, in exercise of the powers conferred on them by section2(3) of the Local Authorities Loans Act 19451 and of all other powers enabling them in that behalf, andafter consultation with the Public Works Loan Commissioners, hereby makethe following Regulations:
1
These Regulations may be cited as the Public Works Loans (Fees)(Amendment) Regulations 1991, and shall come into force on 1st June1991.
2
The Public Works Loans (Fees) Regulations 19612shall be amended by substituting the following paragraphfor paragraph (2) of regulation 1—
2
The fees payable under these Regulations shall be paid before theadvance is made, except that in a case in which the Commissioners andthe borrower have agreed that payment shall be made by way of adeduction from the advance at the time it is made, the payment shall bemade at that time.
(This note is not part of the Regulations)