
1 

(1) There may be issued by the National Debt Commissioners for the purpose of local loans by the Public Works Loan Commissioners any sum or sums not exceeding in the whole the sum of five hundred million pounds.
(2) The sums so issued shall be issued during the period beginning with the passing of this Act and ending on the day on which a further Act granting money for the purposes of those loans comes into operation, and in accordance with the provisions of the National Debt and Local Loans Act, 1887.
2 
The period aforesaid shall be an issue period within the meaning of section two of the Public Works Loans (No. 2) Act, 1946 (which enables the Public Works Loan Commissioners to undertake to grant loans which include loans falling to be advanced after the expiration of the current issue period), and the aggregate of—
(a) the commitments of the Public Works Loan Commissioners outstanding at any time during the said issue period in respect of undertakings entered into by them (whether during or before the beginning of that period) to grant local loans; and
(b) the advances in respect of local loans made by the Public Works Loan Commissioners during that period up to that time;shall not exceed the sum of one thousand and fifty million pounds.
3 
Whereas it is expedient that the principal of the local loan specified in the table contained in the First Schedule to this Act should, to the extent specified in the third column of that table, not be reckoned among the assets of the Local Loans Fund:
Now, therefore, the principal of the said loan to the extent aforesaid shall be written off from the account of assets of the Local Loans Fund, and the provisions of section fifteen of the National Debt and Local Loans Act, 1887, shall, so far as applicable, apply thereto.
4 
Whereas the principal of the local loan specified in the table contained in the First Schedule to this Act is irrecoverable to the extent of the sum specified in the third column of that table:
And whereas the principal of the local loans specified in the table contained in Part I of the Second Schedule to this Act, which was written off from the assets of the Local Loans Fund by the Acts specified in the fourth column of that table, remains unpaid and is irrecoverable to the extent of the sums specified in the third column of that table:
Now, therefore, the principal of the said loans shall, to the extent aforesaid, be extinguished and all arrears of interest thereon shall be remitted.
5 
Whereas there are arrears of interest on the local loans specified in the table contained in Part II of the Second Schedule to this Act of the amounts specified in the third column of that table, and those arrears of interest are irrecoverable:
Now, therefore, those arrears of interest shall be remitted.
6 

(1) There may be paid into the Local Loans Fund, out of moneys provided by Parliament, such sum as the Treasury, after consultation with the Ministry of Finance for Northern Ireland, may certify to be equivalent to the redemption value, at such date as may be specified in the certificate, of the amount then outstanding in respect of the loans to which this section applies.
(2) Any payment under the foregoing subsection shall be made good by deduction from the Northern Ireland residuary share of reserved taxes.
(3) Subsection (2) of section twenty-seven of the Government of Ireland Act, 1920 (which provides for annual payments to the Local Loans Fund, and deductions from the Northern Ireland residuary share of reserved taxes, on account of the amount due in each year in respect of the loans to which this section applies), shall not apply to amounts due in respect of those loans after the date specified in any certificate under subsection (1) of this section; and any sums collected after the said date by the Government of Northern Ireland on account of those loans may, instead of being paid into the Exchequer of Northern Ireland under subsection (1) of the said section twenty-seven, be dealt with in such manner as the Parliament of Northern Ireland may determine.
(4) The loans to which this section applies are all loans made out of the Local Loans Fund before the twenty-second day of November, nineteen hundred and twenty-one, to authorities and persons in Northern Ireland, other than advances made for the purposes of the enactments relating to land purchase in Ireland.
7 
This Act may be cited as the Public Works Loans Act, 1952.
FIRST SCHEDULE
Sections 3, 4.


Name of borrower Amount of loan Amount of principal outstanding
 £ £ s. d.
Kenfig Homes Limited 141,590 39,940 19 11
SECOND SCHEDULE
Sections 4, 5.
PART I

Name of borrower Amount of loan Amount of principal outstanding Act under which principal written off from the assets of the Local Loans Fund
 £ £ s. d. 
Mr. Peter Beekie 510 26 13 3 Public Works Loans Act, 1934
Mr. William Bell, Junior 7,905 1,841 4 0 do.
Mr. Richard Thomas Bolt 3,750 575 5 7 do.
Mr. Thomas Bradridge 3,637 899 16 6 do.
Miss Clara Dows 3,117 2,147 1 11 do.
Mrs. Mary Steele Gilruth 4,000 395 18 11 do.
Mr. Septimus Hay 2,520 932 16 3 do.
Mr. Robert Jack 5,000 23 13 5 do.
Mr. Wilfred Leonard Marsh 6,750 1,041 2 11 do.
Mr. James Miller 4,000 536 14 11 do.
Mr. Herbert William Nicholds 2,512 858 15 9 do.
Mr. Hugh Waterson 2,700 140 0 0 do.
Mr. Reuben Brader 2,062 1,172 17 7 Public Works Loans Act, 1935
Mr. and Mrs. John Brown 2,385 216 0 3 do.
Mr. Herbert Breedon Fryer 1,950 1,856 18 3 do.
Mr. Walter James Gowlett 3,097 570 13 5 do.
Mr. James Arthur Hatwell 2,400 234 19 5 do.
Mr. Llewellyn Hopkins 540 231 6 8 do.
Mr. Joseph Parker Jones 7,260 371 18 10 do.
Mr. Alan Watterston King 4,968 676 1 8 Public Works
Mr. Montagu Francis Martin 2,400 767 12 7 Loans Act, 1935 do.
Mr. Richard Kittow Slade 7,500 1,937 1 8 do.
Mr. William Webster 5,625 3,368 1 7 do.
Messrs. William and Albert Edward Barnes 3,000 1,072 6 10 Public Works Loans Act. 1937
Mr. William Thomas Bone 1,050 415 19 7 do.
Messrs. Frank Herman and William Charles Collett 3,780 329 0 9 do.
Mr. Robert Cox 1,762 229 18 3 do.
Mr. William Harrison 1,462 186 17 11 do.
Mr. Basset Huntbach 3,619 316 3 4 do.
Mrs. Anne Isabel and Mr. George Thomas Olarenshaw 1,515 350 19 9 do.
Mr. Herbert Edward Olorenshaw 787 585 2 3 do.
Mr. Charles Hubert Pegrum 1,700 497 1 9 do.
Mr. Arthur John Soper 1,106 714 9 8 do.
Mr. John Chapman 6,090 146 8 4 Public Works Loans (No. 2) Act. 1937
Mr. Alfred George Cooke 1 2,475 714 7 1 do.
Mr. Thomas Llewellyn Davies 1,700 325 0 7 do.
Mr. Ernest Alfred Dowty 1,185 384 16 2 do.
Mr. Charles Henry Huntley 3,375 943 13 9 do.
Mr. Walter Herbert Parris 3,300 1,357 3 9 do.
Mr. Robert Spreckley 1,200 415 5 3 do.
Mr. John Heaton 10,597 969 18 2 Public Works Loans Act. 1938
Mr. Benjamin Penistan 3,637 2,788 7 1 0 Ho
Mr. James Calder 705 182 17 8 Public Works Loans Act. 1941
Mr. Ernest Cloke 11,077 2,350 3 6 do.
Mr. John Jacob Jackson 8,250 4,271 10 1 do.
Mr. Albert Edward Marsh 700 71 0 11 do.
Mr. Walter Atkinson Neave 6,000 1,019 6 2 do.
Mr. Harry James Payne and Miss Florence Louisa Payne 3,206 523 6 7 do.
Mr. William Rafton 4,500 1,689 16 1 do.
Mr. William Rawling and Miss Laura Rawling 8,250 5,478 17 6 do.
Mr. John Edward Robson 2,634 800 10 8 do.
Mr. Frederick Rowell 2,400 2,257 5 1 Public Works Loans Act, 1941
Messrs. Edward Walls Watson and Albert Watson 2,310 229 11 4 do.
Mr. David Collins 5,854 5,043 5 9 Public Works Loans Act, 1944
Mr. Thomas Eynon 6,975 520 14 5 do.
Mr. Herbert Howson 4,650 211 12 5 do.
Mr. Morton Jack 4,900 289 16 10 do.
Mr. Harry Luker 6,145 856 2 10 do.
Mr. William Taylor Malcolm 14,594 1,654 11 1 do.
Colonel Norman Martyn 2,231 583 16 10 do.
Mr. Percy Stops 5,000 211 9 10 do.
Mr. Arthur John Bailey 1,578 151 2 1 Public Works Loans Act, 1946
Mr. Edward James Barker 1,650 1,113 3 0 do.
Mr. Tom Beswick 5,150 821 5 2 do.
Mr. Walter Boynton 16,012 3,084 11 8 do.
Mr. Lee Bussey 6,450 1,547 0 3 do.
Mr. Harry Carter 4,350 1,121 8 0 do.
Mr. Isaac Holliday Coates 1,312 470 16 7 do.
Mr. William John Edwards and Mrs. Mary Edwards 2,895 1,700 16 11 do.
Mr. John Henry Elliott 1,200 38 0 5 do.
Miss Jane Embleton and Miss Agnes Embleton 13,500 959 11 6 do.
Mr. Robert Fox 5,445 497 9 6 do.
Mr. Thomas Hardy 5,285 4,714 1 7 do.
Mr. Thomas Harrison and Mr. Thomas William Harrison 4,200 4,105 9 9 do.
Mr. Stanley William Hayward 2,500 1,118 0 7 do.
Mr. Adrian Frederick Stanley Howell 5,500 5,434 11 1 do.
Mr. Edward Knight 785 427 19 4 do.
Mr. John Morgan and Mrs. Harriett Anna Morgan 3,000 2,954 4 1 do.
Mr. Edward James Ellerton Posgate 6,300 249 19 8 do.
Mr. Ernest Saddington 10,800 1,588 19 3 do.
Mr. John Thomas Collen Salmon 7,500 3,158 9 7 do.
Mr. David Smith 3,705 2,550 13 5 do.
Mr. John Arkle Stobbart 7,500 972 10 6 do.
Mrs. Alberta Ward 11,325 4,271 16 3 do.
Mr. William Thirby Walker 5,025 491 18 4 do.
Mr. Walter Woolley 7,830 2,461 8 8 do.
Mr. James Baxter 2,300 2,229 15 0 Public Works Loans Act, 1947
Mr. Thomas Cook 19,275 9,456 1 6 do.
Mr. Ernest William Nickerson and Mr. Charles Alfred Peck 7,500 485 9 8 do.
Mr. Thomas Ford Robinson 13,207 4,797 1 2 do.
Mr. Andrew Atkinson 4,753 2,466 16 2 Public Works Loans Act, 1949
Mr. George Holloway 3,345 1,760 10 1 do.
Mr. Thomas Moulton 4,200 722 18 0 do.
Mr. Thomas Archbold Wanless Nicholson 13,500 785 10 6 do.
PART II

Name of borrower Amount of loan Amount of interest to be remitted
 £ £. s. d.
Mr. Jermyn Moorsom 16,000 461 3 9
Mr. James Elliot Turnbull 6,375 103 5 5

Short Title Session and Chapter
Public Works Loans Act, 1875 38 & 39 Vict. c. 89.
National Debt and Local Loans Act, 1887 50 & 51 Vict. c. 16.
Government of Ireland Act, 1920. 10 & 11 Geo. 5. c. 67.
Agricultural Credits Act, 1923 13 & 14 Geo. 5. c. 34.
Public Works Loans Act, 1934 24 & 25 Geo 5 c. 48.
Public Works Loans Act, 1935 26 Geo. 5. & 1 Edw. 8. c. 5.
Public Works Loans Act, 1937 1 Edw. 8. & 1 Geo. 6. c. 11.
Public Works Loans (No. 2) Act, 1937 1 & 2 Geo. 6. c. 7.
Public Works Loans Act, 1938 2 & 3 Geo. 6. c. 2.
Public Works Loans Act, 1941 4 & 5 Geo. 6 c. 14.
Public Works Loans Act, 1944 7 & 8 Geo. 6. c 16.
Public Works Loans Act, 1946 9 & 10 Geo. 6. c. 41.
Public Works Loans (No. 2) Act, 1946 9 & 10 Geo. 6. c. 75.
Public Works Loans Act, 1947 11 & 12 Geo. 6. c. 13.
Public Works Loans Act, 1949 12, 13 & 14 Geo. 6. c. 82.