## Public Works Loans Act 1946 

55.  The Public Works Loans Act 1946( a ) is repealed. 

## Coast Protection Act 1949 

56.  The Coast Protection Act 1949( b ) is amended as follows. 

57.  In section 20(2) (contributions towards expenses of coast protection) for “loan made by the Public Works Loan Commissioners” substitute “local loan made by the Treasury under section 3 of the National Loans Act 1968” . 

## Harbours Act 1964 

58.  The Harbours Act 1964( c ) is amended as follows. 

59. —(1) Section 13 (maximum amount of loans and grants under sections 11 and 12, and cesser of, certain other powers to give financial assistance) is amended as follows. 

(2) In subsection (2) – 

(a) in paragraph (a) for “Public Works Loan Commissioners” substitute “Treasury”; and 

(b) omit “unless those Commissioners have agreed before the passing of this Act to make it.”. 

## Public Works Loans Act 1965 

60.  The Public Works Loans Act 1965( d ) is amended as follows. 

61. —(1) Section 2 (new form of local loan and automatic charge for securing it) is amended as follows. 

(2) In subsection (1) – 

(a) for “Loan Commissioners” substitute “Treasury”; and 

(b) for “lending money to a relevant authority under section 9 of that Act” substitute “making a local loan to a relevant authority under section 3 of the National Loans Act 1968”. 

(3) In subsection (3) for “Loan Commissioners” substitute “Treasury”. 

62.  In paragraph 7 of the Schedule for “Loan Commissioners” substitute “Treasury”. 

## National Loans Act 1968 

63.  The National Loans Act 1968 is amended as follows. 

64. —(1) Section 3 (local loans) is amended as follows. 

(2) For subsection (1) substitute– 

“(1) The Treasury may issue out of the National Loans Fund such sums as are required for making loans of the descriptions set out in Schedule 4, subject to the limit in section 4.”. 

(3) In subsection (2) for “loans made by the Loan Commissioners” substitute “local loans”. 

(4) In subsection (3) – 

(a) for “loans made by the Loan Commissioners” substitute “local loans”; and 

(b) for “Loans Commissioners” in the last place occurring substitute “Treasury”. 

