Section 50 Application of Act to loans under special Acts.C1

Except so far as a special Act, by express reference to some part of this Act, alters that part, every loan made F1under such special Act shall, notwithstanding any provision in such special Act and any rule of law or custom, be made in accordance with and under the powers of this Act F2and the National Loans Act 1968, and be re-payable in manner provided by this Act, and by the security for the same granted under this Act; and every such loan, together with the security for the same, shall have the priority and be subject to the powers, authorities, and remedies mentioned in this Act; and although made in pursuance of a special Act, shall be deemed for all purposes to be a F3local loan.