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Explanation of s. 13 of 43 & 44 Vict. c. 14. as to rate of interest and duration of loans.
42 & 43 Vict. c. 77.
43 & 44 Vict. c. 14.
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2. In order to remove doubts which have arisen with respect to the meaning of the provisions of section thirteen of the Relief of Distress (Ireland) Amendment Act, 1880, as to the rate of interest and the period of repayment of loans under that section: Be it enacted that,—
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Notwithstanding anything contained in section two of the Public Works Loans Act, 1879, and section thirteen of the Relief of Distress (Ireland) Amendment Act, 1880, any loan purporting to be made under the said section thirteen shall be made repayable within such periods and at such rate of interest as are set forth in a Minute of the Treasury made on the sixteenth day of August one thousand eight hundred and seventy-nine with reference to loans to which section two of the Public Works Loans Act, 1879, applies.
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