19.—(1) Section 20 (securities to be taken in name of secretary) is amended as follows.
(2) In the heading for “secretary” substitute “the Public Works Loans Secretary”.
(3) For “any loan granted by the Loan Commissioners in pursuance of this Act” substitute “any local loan”.
(4) For “secretary of the Commissioners on their behalf” substitute “Public Works Loans Secretary”.
(5) For “to the Commissioners” substitute “to the Treasury”.