Local Loans Fund (Amendment) Act, 1949

Increase of limit on issues from the local loans fund.

1.Section 2 of the Local Loans Fund (Amendment) Act, 1940 (No. 28 of 1940), is hereby repealed and in lieu thereof it is hereby enacted that the aggregate amount of the moneys issued from the local loans fund in respect of local loans during the period mentioned in subsection (3) of section 4 of the Local Loans Fund Act, 1935 (No. 16 of 1935), shall not exceed the sum of twenty-five million pounds.