Public Works Loan Commissioners U.K.

8 Execution of conveyances, leases, &c., by [F1 the Public Works Loans Secretary on behalf of the Treasury]. U.K.

All conveyances, leases, mortgages, releases, arrangements, and things which the [F2 Treasury] are authorised by this Act to grant, execute, make, or concur in, and all powers, acts, and things which the [F2 Treasury] are authorised by this Act to exercise, do, or concur in, in relation to any mortgaged property or rate, may be granted, executed, made, concurred in, exercised, and done by [F3 the Public Works Loans Secretary] for the time being under their direction, and when so granted, executed, made, concurred in, exercised, and done by [F4 the Public Works Loans Secretary], shall be deemed to have been granted, executed, made, concurred in, exercised, and done by him [F5 under the direction of the Treasury], unless the contrary is shown by some person interested in contesting the validity thereof.

Any property, chose in action, estate, interest, powers, authorities, and privileges vested in or exerciseable by [F6 the Public Works Loans Secretary] in pursuance of this Act shall be dealt with and exercised by him [F5 under the direction of the Treasury] and not otherwise.

Textual Amendments

F1 Words in s. 8 heading substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 13(2) (with art. 9)

F2 Word in s. 8 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 13(3) (with art. 9)

F3 Words in s. 8 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 13(4) (with art. 9)

F4 Words in s. 8 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 13(5) (with art. 9)

F5 Words in s. 8 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 13(6) (with art. 9)

F6 Words in s. 8 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 13(7) (with art. 9)

Modifications etc. (not altering text)

C1 S. 8 amended by Public Works Loans Act 1965 (c. 63), Sch. para. 3