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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

Section 4(1) of the National Loans Act 1968 limits the aggregate amount that may be outstanding in respect of commitments entered into by the Public Works Loan Commissioners to grant local loans and the principal amount of any local loans.

This Order increases that limit from £55,000 million to £70,000 million.