Public Works Loans Act 1875

2Commencement of Act

Public Works Loan Commissioners

4Constitution, &c. of Public Works Loan Commissioners

5Powers, &c. of Commissioners

6Officers and their salaries and expenses

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

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

Objects, Terms, and Duration of Loan

9Loans for public works

10Interest on loan

11Term of years for repayment of loan

12Security for loans

Funds for Loans

13Annual estimate of amounts required

14Issue of money for purpose of loans

15Borrowing for the purpose of raising money

16Issue of money to the National Debt Commissioners

17Repayments to Commissioners to go to Consolidated Fund

Recovery of Loans

18Charge on property and priority of loan by the Commissioners

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

20Securities to be taken in name of secretary

21Taking possession by Commissioners of property on default of payment

22Powers of Commissioners when in possession

23Powers in relation to rate where default made

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

25Sale and mortgage by Commissioners of mortgaged premises

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

27Terms of lease, sale, or mortgage

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

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

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

31Bankruptcy of debtor

32Form of mortgage

33Recovery of debt on personal security

34Recovery of loan after the expiration of term for repayment

Supplemental Provisions as to Loans and Securities

35Security for completion of works partly finished or not commenced

36Examination as to proper application of moneys lent

37Suspension of payment of principal and interest

38Change of security

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

Special Provisions as to Borrowers

40Power to various authorities to mortgage and levy rates

41Regulations by Commissioners

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

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

45Authority, and laying before Parliament Treasury warrants

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

47Notices may be served by post

48Notices to and by Commissioners

49Effect of schedules

50Application of Act to loans under special Acts

Temporary Provisions and Repeal

52First Commissioners

53Existing officers of Commissioners

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

55Reference in Acts to repealed Acts

56Saving for loans and transactions under repealed Acts

57Repeal of Acts

FIRST SCHEDULEWorks for the Purpose of which the Commissioners may lend Money

SECOND SCHEDULEForm of Declaration

THIRD SCHEDULEActs Repealed

Public Works Loans Act 1875

1875 Chapter 89

An Act to consolidate with Amendments the Acts relating to Loans for Public Works.

[13th August 1875.]

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows :