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Section 46 Receipt for money payable on account of local loan, &c.F3C1

United Kingdom

The receipt in writing of the Bank of England, or one of their cashiers or other the proper officer for the purpose of the Bank of England, and any other prescribed receipt for any money paid in discharge of the principal or interest of any F1local loan, or of any sum due under any security made under this Act or otherwise payable to or by the direction of the F2Treasury or the Public Works Loans Secretary, in respect of local loans, shall be a complete discharge to the person paying the same.

Annotations

Textual amendments

F1

Words in s. 46 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 40(3) (with art. 9)

F2

Words in s. 46 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 40(4) (with art. 9)

F3

Words in s. 46 heading substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 40(2) (with art. 9)

Modifications

C1

S. 46 amended by Public Works Loans Act 1965 (c. 63), Sch. para. 7