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Armed Forces (Housing Loans) Act 1949

12 & 13 & 14 Geo. 6 c. 77 · Enacted 16 December 1949 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 5 November 1993.

An Act to provide money for the provision of housing accommodation in Great Britain for married persons serving in, or employed in connection with, the armed forces of the Crown, and for purposes connected therewith.

[16th December 1949]C1

Annotations to the whole text

Modifications

C1

Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3

Contents

  1. 1Provision of money for housing accommodation for married persons serving in, or employed in connection with, the armed forces of the Crown.
  2. 2Short title.

1Provision of money for housing accommodation for married persons serving in, or employed in connection with, the armed forces of the Crown.C2

F1(1)

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(2)

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C1(3)

The following provisions of this subsection shall have effect as respects the repayment of sums issued under subsection (1) of this section, that is to say—

(a)

the aggregate of the sums so issued in any financial year shall be repaid into the F3National Loans Fund, as mentioned in the next following paragraph, with interest thereon F4at such rate as the Treasury may determine, the said interest accruing, as respects the whole aggregate, from the end of that year;

(b)

the said aggregate shall be repaid by sixty equal annual instalments of principal and interest combined, the first of such instalments falling due at the end of the financial year next following that in which the sums in question were issued and one of the remainder falling due at the end of each of the fifty-nine succeeding financial years;

(c)

any instalment to be paid into the National Loans Fund under the last foregoing paragraph shall be paid out of moneys provided by Parliament for the service of the Ministry of Defence.

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(4)

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(5)

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2Short title.

This Act may be cited as the Armed Forces (Housing Loans) Act, 1949.