Local Loans Fund (Amendment) Act, 1940

Increase of limit on issues from the fund.

2.Section 2 of the Local Loans Fund (Amendment) Act, 1937 (No. 17 of 1937), is hereby repealed and in lieu thereof it is hereby enacted that the aggregate amount of the moneys issued from the fund in respect of local loans during the period mentioned in sub-section (3) of section 4 of the Principal Act shall not exceed the sum of seventeen million pounds.