Public Works Loans Act 1875

1. Introductory Text

2. Preliminary

   1. 1. Short title

   2. 2. Commencement of Act

   3. 3. Extent of Act

3. Public Works Loan Commissioners

   1. 4. Constitution, &c. of Public Works Loan Commissioners

   2. 5. Powers, &c. of Commissioners

   3. 6. Officers and their salaries and expenses

   4. 7. Securities given to and property vested in secretary to vest in his successor

   5. 8. Execution of conveyances, leases, &c. by secretary on behalf of Commissioners

4. Objects, Terms, and Duration of Loan

   1. 9. Loans for public works

   2. 10. Interest on loan

   3. 11. Term of years for repayment of loan

   4. 12. Security for loans

5. Funds for Loans

   1. 13. Annual estimate of amounts required

   2. 14. Issue of money for purpose of loans

   3. 15. Borrowing for the purpose of raising money

   4. 16. Issue of money to the National Debt Commissioners

   5. 17. Repayments to Commissioners to go to Consolidated Fund

6. Recovery of Loans

   1. 18. Charge on property and priority of loan by the Commissioners

   2. 19. Charges on rate of loan and loan not to be repudiated by locality having had the benefit of it

   3. 20. Securities to be taken in name of secretary

   4. 21. Taking possession by Commissioners of property on default of payment

   5. 22. Powers of Commissioners when in possession

   6. 23. Powers in relation to rate where default made

   7. 24. Liability of Commissioners after taking possession, or in default of payment

   8. 25. Sale and mortgage by Commissioners of mortgaged premises

   9. 26. Purchaser not liable to see to the validity of sale or application of money

   10. 27. Terms of lease, sale, or mortgage

   11. 28. Application of money arising on taking possession, sale, mortgage, &c. by Commissioners

   12. 29. Payment of loan before it is due, and transfer of security for all or part of loan

   13. 30. Discharge of security and revesting of property on repayment of loan

   14. 31. Bankruptcy of debtor

   15. 32. Form of mortgage

   16. 33. Recovery of debt on personal security

   17. 34. Recovery of loan after the expiration of term for repayment

7. Supplemental Provisions as to Loans and Securities

   1. 35. Security for completion of works partly finished or not commenced

   2. 36. Examination as to proper application of moneys lent

   3. 37. Suspension of payment of principal and interest

   4. 38. Change of security

   5. 39. Concurrence by Commissioners in leases, sales, &c. of mortgaged property

8. Special Provisions as to Borrowers

   1. 40. Power to various authorities to mortgage and levy rates

9. Miscellaneous

   1. 41. Regulations by Commissioners

   2. 42. Payment of fees and other sums into the Exchequer. 48. Accounts

   3. 43. The Loan Commissioners shall keep at the Bank of England...

   4. 44. Perjury

   5. 45. Authority, and laying before Parliament Treasury warrants

   6. 46. Receipt for money payable on account of loan, &c

   7. 47. Notices may be served by post

   8. 48. Notices to and by Commissioners

   9. 49. Effect of schedules

   10. 50. Application of Act to loans under special Acts

   11. 51. Definitions

10. Temporary Provisions and Repeal

    1. 52. First Commissioners

    2. 53. Existing officers of Commissioners

    3. 54. Sending of statements and making of regulations before commencement of Act

    4. 55. Reference in Acts to repealed Acts

    5. 56. Saving for loans and transactions under repealed Acts

    6. 57. Repeal of Acts

11. SCHEDULES.

    1. FIRST SCHEDULE

       Works for the Purpose of which the Commissioners may lend Money

    2. SECOND SCHEDULE

       Form of Declaration

    3. THIRD SCHEDULE

       Acts Repealed