§ (1) Where money is borrowed by a county council for the purpose of the provision of houses for persons in the employment of or paid by the council, or of acquiring land for such houses, the maximum period for repayment shall be eighty years, and as respects money so borrowed eighty years shall be substituted for thirty years in Sub-section (5) of Section sixty-nine of the Local Government Act, 1888.
§ (3) A county council shall have power and shall be deemed always to have had power to provide houses for persons in the employment of or paid by the council, and for that purpose a county council may be authorised to acquire land in like manner as a local authority may he authorised to acquire land for the purposes of Part III of the principal Act.
§ Lords Amendments:
§
In Sub-section (1), after the word "council" ["by the council, or of acquiring"] insert the words
or a statutory committee thereof.
§ —Agreed to.
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§
In Sub-section (3), after the word "council" ["paid by the council, and for that purpose "], insert the words
or a statutory committee thereof.
§ —Agreed to.
§ At the end of Sub-section (3), insert a new Sub-section,
§ (4) This Section shall apply to any such board or body as is mentioned in Sub-section (5) of Section seven of this Act in like manner as it applies to a. county council, with the substitution of a reference to the provisions fixing the period within which such board or body is required to repay loans for the reference to Sub-section (5) of section sixty-nine of the Local Government Act, 1888.
§ —Agreed to.