§ It shall be lawful for the Board of Agriculture and Fisheries at any time before the end of the emergency period, upon the application of the University or a College, in any case where the Board determine that it is expedient for some reason arising out of the present War to do so, and where in the case of money borrowed the lender consents—
- (a) to extend the period within which the outstanding part of any money borrowed, or purchase or other capital money applied, before the passing of this Act under any of the Universities or College Estates Acts, 1853 to 1898, is required to be repaid or replaced, by such period not exceeding ten years as the Board hay determine;
- (b) to suspend the obligation to make such repayment or replacement for such period not extending beyond one calendar year from the end of the emergency period as the Board may determine, with a corresponding extension of the period of repayment or replacement.
§ Amendment made: Leave out the words "for some reason arising out of," and insert instead thereof the words "owing to circumstances attributable directly or indirectly to."