HC Deb 19 November 1952 vol 507 c1881

Resolution reported, That, for the purposes of any Act of the present Session relating to local loans, it is expedient—

  1. (a) to authorise the remission of certain sums due to the Public Works Loan Commissioners but now irrecoverable, namely—
    1. (i) the unpaid balance of the principal of a loan to Kenfig Homes Limited;
    2. (ii) the unpaid balance of the principal of various loans already written off by Act from the assets of the Local Loans Fund, with arrears of interest;
    3. (iii) the arrears of interest on loans to Mr. Jermyn Moorsom and to Mr. James Elliot Turnbull;
  2. (b) to authorise the payment into the Local Loans Fund, out of moneys provided by Parliament, of a sum equivalent to the redemption value of the amount outstanding on loans made out of the 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.