Armed Forces (Housing Loans) Act 1958

1 Extension of period and increase of aggregate of housing loan.

Subsection (1) of section one of the [12, 13 & 14 Geo. 6. c. 77.] Armed Forces (Housing Loans) Act, 1949 (which, as amended by the [2 & 3 Eliz. 2. c. 3.] Armed Forces (Housing Loans) Act, 1953, authorises, subject to certain provisions, the issue from time to time during the ten financial years ending on the thirty-first day of March, nineteen hundred and sixty, of sums out of the Consolidated Fund not exceeding in the aggregate seventy-five million pounds, to be applied as appropriations in aid of moneys provided by Parliament for those years for the provision of approved housing accommodation in Great Britain for married persons serving in, or employed in connection with, the armed forces of the Crown) shall have effect as if—

(a) for the words " ten financial years " there were substituted the words " fifteen financial years " and for the words " nineteen hundred and sixty" there were substituted the words " nineteen hundred and sixty-five ";

(b) for the words " seventy-five million pounds " there were substituted the words " ninety-five million pounds ".