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In default of due Application of any Instalment of Loan Commissioners may stop Advances, and may enter upon Lands and complete the Works.
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XXXIII. And be it enacted, That if Default shall be made in the due Application of any Instalment of any Loan made for the Purpose of this Act, or if the Owner to whom any such Loan may have been agreed to be made, or if the Person for the Time being bound to execute the Works for which such Loan shall have been agreed to be made, shall omit or neglect so to do, it shall be lawful for the said Commissioners of Public Works, With the Sanction of the Commissioners of Her Majesty’s Treasury, to stop all further Advances in respect to such Works, or it shall be lawful for the said Commissioners of Public Works, with such Sanction as aforesaid, or any Person authorized by them for that Purpose, (if they shall think fit, either for the Benefit of the Person entitled next in remainder or reversion to the said Lands on the Security of which any such Loan shall have been agreed to be made, or for the Purpose of better securing such Loan,) to enter upon such Lands, and proceed to complete the necessary Works, and all Monies paid by the said Commissioners of Public Works for the Completion of the Works shall be taken as Part of the Loan agreed to be by them made, and shall be repaid by such Rent-charge out of such Lands to be raised from such Lands in manner herein-before provided; and in every such Case it shall be lawful for the said Commissioners of Public Works, by any Order in that Behalf, to fix the Date from which any Rent-charge in respect of any Payment made by them after having so entered shall be computed, and the Day whereon the first Payment thereof shall be made, and also for the Completion of any such Works as aforesaid to apply any Monies which may be recovered by them under any Security to be given to them as aforesaid for the Completion of the said Works.
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