SCHEDULE 1Consequential provisions – primary legislation

Housing (Scotland) Act 198774

1

Section 231 (loans by Public Works Loan Commissioners) is amended as follows.

2

In the heading for “Loans by Public Works Loan Commissioners” substitute “Local loans made by the Treasury”.

3

In subsection (1) for “Public Works Loan Commissioners” in both places occurring substitute “Treasury”.

4

After subsection (1) insert–

1A

Any loan made under subsection (1) is a local loan for the purposes of section 3 of the National Loans Act 1968 (see Schedule 4 to that Act).

5

In subsection (4)(c) for “Public Works Loan Commissioners” substitute “Treasury”.

6

In subsection (5) for “Public Works Loan Commissioners” substitute “Treasury”.