Public Works (Ireland) Act, 1831

Commissioners may extend time of repayment with consent of Treasury.

51. Provided always, that it shall be lawful for the commissioners for the execution of this Act to extend or prolong the periods of repayment of any money advanced under the provisions of this Act in any case in which an adequate fund, not less in annual amount than the amount of interest payable upon the money originally advanced, shall be established and secured to the satisfaction of the said commissioners for such repayment; but no such extension of the period for repayment of such advance as aforesaid shall take place without the consent of the Treasury first had and obtained by the commissioners for the execution of this Act.