# Parochial Buildings (Scotland) Act 1862, Section 5: Money borrowed to be repaid by annual instalments.


The money borrowed to defray the expense of erecting, improving, or enlarging any parochial building shall be repaid by annual instalments of not less in any one year than one-tenth part of the principal sum borrowed, exclusive of the payment of interest thereon.

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Source: https://www.legislation.gov.uk/ukpga/Vict/25-26/58/section/5 (the official version)
Page: https://openlegislation.uk/parochial-buildings-scotland-act-1862/section-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.