Every sum payable under any security made in pursuance of this Act shall be made payable to the use of Her Majesty, and may be recovered as a specialty debt due to the CrownF2...

Every sum payable in respect of F3a local loan or under the security for such loan, shall be compounded for or released only under the authority of Parliament in each case.

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Nothing in this Act shall render it the duty of the Loan CommissionersC1 to issue such warrant or to register such writ or debt, unless they are of opinion that it is necessary for the purpose of securing the payment of the debt, or that otherwise under the particular circumstances it is expedient so to do.