Housing Amendment Act, 1948


Acquisition of Small Dwellings.

Value of houses in respect of which advances may be made under Act of 1899.

38.—(1) An advance shall not be made under section 1 of the Act of 1899 for the acquisition of the ownership or the erection of a house where in the opinion of the local authority the market value of the house exceeds or would exceed the maximum sum.

(2) The Minister may, with the consent of the Minister for Finance, by order fix the maximum sum for the purpose of subsection (1) of this section and may, with such consent, amend or revoke any such order.