Public Works Loans Act, 1882

Power to Treasury to guarantee loan.

(3.) For the purpose of giving effect to the charge by the said Act on the Consolidated Fund, the Treasury may from time to time guarantee, in such form as they think expedient, the payment of the principal and interest of all or any part of the money for the time being borrowed by the Irish Land Commission in pursuance of this section.

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(5.) The Treasury may from time to time, if required, for the purpose of giving effect to any such guarantee as aforesaid, issue out of the Consolidated Fund of the United Kingdom, or the growing produce thereof, such sums as may be necessary for the payment of the principal and interest guaranteed by them, or of any part thereof; but any money so issued shall be repaid to the Consolidated Fund out of any surplus of the funds in the hands of the Irish Land Commission on account of the Irish Church Temporalities Fund.

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PART IV.

Amendment of Acts.