## Public Works Loans Act 1944 

48.  The Public Works Loans Act 1944( a ) is amended as follows. 

49. —(1) Section 4 (performance of functions of secretary of Public Works Loan Commissioners, in event of illness, etc, by assistant secretary) is amended as follows. 

(2) In the heading for “secretary of Public Works Loan Commissioners, in event of illness, etc, by assistant secretary” substitute “the Public Works Loans Secretary in event of illness, etc”. 

(3) In subsection (1) – 

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

(b) for “their secretary” in the first place occurring substitute “the person holding office as the Public Works Loans Secretary (see section 6 of the Public Works Loans Act 1875)”; 

(c) for “any of their” substitute “any of his”; 

(d) for “their secretary” in the second place occurring substitute “the Public Works Loans Secretary”; and 

(e) for “the secretary” substitute “the Public Works Loans Secretary”. 

(4) In subsection (2) – 

(a) omit “of the said Commissioners”; and 

(b) omit “by the said Commissioners”. 

## Local Authorities Loans Act 1945 

50.  The Local Authorities Loans Act 1945( b ) is amended as follows. 

51. —(1) Section 2 (amendment of Public Works Loans Act 1875) is amended as follows. 

(2) In subsection (2) for “a loan made thereunder” substitute “a local loan”. 

(3) Subsection (3) is omitted. 

52. —(1) Section 4 (repayment of loans made by Public Works Loan Commissioners) is amended as follows. 

(2) In the heading, for “loans made by Public Works Loans Commissioners” substitute “local loans made by the Treasury”. 

(3) In subsection (1) for “Public Works Loan Commissioners” substitute “Treasury, as a local loan,”. 

(4) In subsection (2) – 

(a) for “said Act” substitute “Public Works Loans Act 1875”; and 

(b) for “from the said Commissioners, or to prevent the said Commissioners or” substitute “or to prevent”. 

(5) In subsection (3) – 

(a) for “the said Commissioners” substitute “the Treasury, as a local loan,”; and 

(b) for “the Commissioners” substitute “the Treasury”. 

53.  In section 7 (power to carry loans to consolidated loans funds and loans pools) for “Public Works Loan Commissioners” substitute “Treasury, as a local loan,”. 

54.  In section 10 (interpretation) at the end insert ““local loan” has the meaning given in section 3(12) of the National Loans Act 1968.”. 

