Regulation 2

The Public Works Loans (Fees) Regulations 1961^f1shall be amended by substituting the following paragraphfor paragraph (2) of regulation 1—

“(2)

The fees payable under these Regulations shall be paid before theadvance is made, except that in a case in which the Commissioners andthe borrower have agreed that payment shall be made by way of adeduction from the advance at the time it is made, the payment shall bemade at that time.”.