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Section 5 Powers, &c. of the Treasury.F11

United Kingdom

With respect to F1local loans the following provisions shall have effect:

(1)

. . . F2

(2)

The F3Treasury may examine any persons willing to be examined on any matters connected with the execution of this Act, and may for that purpose, or otherwise for the purpose of the execution of this Act, administer an oath, and take any affidavits or declaration; and

(3)

The F4Treasury shall annually cause to be made out up to the end of every financial year a report of their transactions under this Act during the year, and such report shall contain or have annexed thereto the prescribed particulars respecting moneys issued to and loans granted by F5the Treasury F6..., and the execution of the duties of the Treasury, and such other particulars as the Treasury may from time to time think fit;

Such particulars shall include a statement of any difference that may have arisen between the Treasury and any public department respecting the grant of any loan or the construction of any Act relating to loans by the Treasury:

Such report shall be F7... laid by the Treasury before both Houses of Parliament . . . F8

F9(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1

Words in s. 5 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. 10(3) (with art. 9)

F2

S 5(1) repealed by Crown Proceedings Act 1947 (c. 44), Sch. 2

F3

Word in s. 5(2) 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. 10(4) (with art. 9)

F4

Word in s. 5(3) 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. 10(5)(a) (with art. 9)

F5

Words in s. 5(3) 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. 10(5)(b) (with art. 9)

F6

Words in s. 5(3) omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 10(5)(c) (with art. 9)

F7

Words in s. 5(3) omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 10(5)(d) (with art. 9)

F8

Words repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. II

F9

S. 5(4) omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 10(6) (with art. 9)

F10

S. 5(5) omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 10(6) (with art. 9)

F11

Words in s. 5 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. 10(2) (with art. 9)