Local Loans Fund (Amendment) Act, 1937

Increase of limit on issues from the fund.

2.—So much of sub-section (3) of section 4 of the Principal Act as enacts that the aggregate amount of the moneys issued from the fund in respect of local loans during the period mentioned in that sub-section shall not exceed the sum of five million pounds is hereby repealed, and in lieu thereof it is hereby enacted that the aggregate amount of the moneys so issued during the said period shall not exceed the sum of eleven million pounds.