First Previous (PART V. Labourers Cottages.) Next (SCHEDULE. Repeals.)

31 1956

HOUSING (AMENDMENT) ACT, 1956

PART VI.

Acquisition of Small Dwellings.

Amendment of section 1 of Act of 1899.

19. —Subsection (1) of section 1 of the Act of 1899, as amended by section 34 of the Housing (Ireland) Act, 1919, is hereby amended—

(a) by the substitution of “ninety-five per centum” for “ninety per centum”, and

(b) the insertion after “the market value of the ownership” of “excluding from that market value a grant under any enactment”.

Rate of interest on advances under Act of 1899.

20. —The rate of interest on advances under section 1 of the Act of 1899 shall, as regards any advance made after the passing of this Act, be at such rate as may be fixed by the local authority making the advance.