IE
LOCAL LOANS FUND (AMENDMENT) ACT, 1953
Statutory Text (4 Articles)
SCHEDULE.
SCHEDULE.
Section 2.
Ref. No.
Ref. No.
Name of borrower
Name of borrower
Principal to be written off
Principal to be written off
Interest to be written off
Interest to be written off
Effective date of writing off
Effective date of writing off
1
1
Buncrana Harbour Commissioners
Buncrana Harbour Commissioners
£2,124
£2,124
5s.
5s.
5d.
5d.
£2,188
£2,188
8s.
8s.
1d.
1d.
31st March, 1941
31st March, 1941
2
2
Clancy, John
Clancy, John
£453
£453
6s.
6s.
0d.
0d.
£7
£7
10s.
10s.
3d.
3d.
29th January, 1943
29th January, 1943
3
3
Kennedy, Margaret M.
Kennedy, Margaret M.
£58
£58
18s.
18s.
10d.
10d.
5s.
5s.
7d.
7d.
5th November, 1937
5th November, 1937
4
4
Odlum, William Woods
Odlum, William Woods
£201
£201
6s.
6s.
3d.
3d.
£4
£4
18s.
18s.
8d.
8d.
1st February, 1937
1st February, 1937
Increase of limit on issues from the local loans fund.
Increase of limit on issues from the local loans fund.
1
1.—Section 1 of the Local Loans Fund (Amendment) Act, 1951 (No. 18 of 1951), is hereby repealed and in lieu thereof it is hereby enacted that the aggregate amount of the moneys issued from the local loans fund in respect of local loans during the period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 seventy million pounds.
Writing off of certain amounts.
Writing off of certain amounts.
2
2.—(1) The amounts of principal and interest specified in the Schedule to this Act at any reference number shall be written off the assets of the local loans fund.
(2) Notwithstanding subsection (3) of section 14 of the Local Loans Fund Act, 1935 (No. 16 of 1935), where amounts are written off pursuant to this section, the liability of any person to pay the amounts and penal interest due in respect thereof shall cease.
(3) This section shall, in relation to the amounts specified in the Schedule to this Act at any reference number, be deemed to have come into operation on the date specified at that reference number.
Short title and collective citation.
Short title and collective citation.
3
3.—(1) This Act may be cited as the Local Loans Fund (Amendment) Act, 1953.
(2) The Local Loans Fund Acts, 1935 to 1951, section 3 of the Finance (Miscellaneous Provisions) Act, 1945 (No. 35 of 1945), and this Act may be cited together as the Local Loans Fund Acts, 1935 to 1953.