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LOANS FOR SCHOOLS AND TRAINING COLLEGES (IRELAND) ACT 1884
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CHAPTER XXII.
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An Act to amend the Law relating to the Buildings of Non-vested National Schools and Training Colleges in Ireland. [3rd July 1884.]
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Short title.
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1. This Act may be cited as the Loans for Schools and Training Colleges (Ireland) Act, 1884.
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Loans for national schools and training colleges.
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2. In addition to the purposes for which loans may be made under the Landed Property Improvement (Ireland) Acts, the Commissioners of Public Works in Ireland may, in such cases as they may judge expedient, subject to such rules as may from time to time be made by the Treasury, make loans for the purpose of assisting any person in the erection, enlargement, structural improvement, or purchase of a house to be used as a non-vested national school or training college, or in the enlargement or structural improvement of any existing non-vested national school or training college, or in the acquisition or improvement of a farm, not exceeding twenty-five acres in extent, connected with a non-vested national school or training college, to be used for the purpose of agricultural instruction, or for the purpose of discharging any debt due and incurred before the nineteenth day of May one thousand eight hundred and eighty-four in the erection, enlargement, structural improvement, or purchase of a house to be used as a training college.
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Such loans shall only be made on the recommendation of the Commissioners of National Education in Ireland.
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Insurance of houses for which loans have been made.
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3. When any loan is made under this Act, the Commissioners of Public Works may from time to time, if they think fit, insure against damage by fire all buildings charged with the repayment of such loan, in such insurance office, and for such sum as the Commissioners think fit; and all premiums paid on account of such insurance shall be deemed to be included in every charge and security whereby the repayment of such loan is secured, and shall be forthwith recoverable in like manner as any instalment of the rentcharge payable in respect of such loan.
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Provisions of Land Improvement Acts to apply to loans under this Act.
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4. Loans under this Act shall be repaid by the payment to Her Majesty of an annual rentcharge at the rate of five pounds for every hundred pounds advanced on account thereof, and so in proportion for any less amount, and such rentcharge shall be payable for the term of thirty-five years, and all lands on which any house or building may stand which is erected, enlarged, improved, or purchased wholly or partly by means of a loan under this Act, and any such house or building, and any other land acquired or improved wholly or partly by means of a loan under this Act, shall be charged with the payment of such loan; and, so far as is consistent with this Act, all the provisions of the Landed Property Improvement (Ireland) Acts relating to loans, and the priority, repayment, and recovery thereof and otherwise, shall apply to loans made under this Act and the priority, repayment, and recovery of such loans and otherwise in relation thereto, and the said Acts and this Act shall be read together and construed as one, save so far as this Act may be inconsistent with those Acts, or any of them.
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The Commissioners of Public Works may further, if they think fit, for the purpose of securing the repayment of a loan under this Act, take the security of at least three persons, of whose sufficiency and solvency the said Commissioners are satisfied, such security to be subject to such conditions as the said Commissioners think proper.
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Interpretation.
10 & 11 Vict. c. 32.
38 & 39 Vict. c. 82.
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5. In this Act the term “Landed Property Improvement (Ireland) Acts” means the Landed Property Improvement (Ireland) Act, 1847, and any Acts amending or extending the same; and the term “non-vested national school” has the same meaning as in the National School Teachers Residences (Ireland) Act, 1875.
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