Explanatory note

(This Note is not part of the Regulations)

These Regulations prescribe the fees payable on advances by the Public Works Loan Commissioners in replacement of the fees prescribed by the Public Works Loans (Fees) Regulations 1961. References to advances secured on revenues are substituted for the references in the previous Regulations to advances secured on a rate. The fees payable for advances secured on revenues on which a fixed or variable rate of interest is payable are increased and a single scale of fees is introduced for advances not secured solely on revenues.