Abbildungen der Seite
PDF
EPUB
[blocks in formation]

To amend the Law relating to the manufacture, sale, and supply of intoxicating liquor, and to provide for the popular control thereof and of the grant and renewal of licences; and for other purposes incidental thereto.

Presented by Mr. C. G. Ammon, supported by

Viscountess Astor, Mr. Briant, and Mr. James Hudson.

Ordered, by The House of Commons, to be Printed, 24 February 1927.

[blocks in formation]

To be purchased directly from

H.M. STATIONERY OFFICE at the following addresses:
Adastral House, Kingsway, London, W.C.2;

120, George Street, Edinburgh; York Street, Manchester;
1, St. Andrew's Crescent, Cardiff; 15, Donegall Square West, Belfast;
or through any Bookseller.

[blocks in formation]

A

BILL

TO

Authorise local authorities to establish banks.

BE

E it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, 5 as follows:

A. D. 1927.

bank.

1. It shall be lawful for the council of every county Power to and of every county borough and of every borough establish having a population according to the last published savings census for the time being of one hundred and fifty 10 thousand or over, including the City of London, and every Metropolitan borough, and for a combination of councils of boroughs or urban districts having a combined population according to the last published census for the time being of one hundred and fifty thousand or over 15 (herein referred to as the council) to establish and maintain a savings bank and to receive at that bank deposits and to guarantee the payment of interest on and the repayment of such deposits, subject, however, to the following conditions:

20

295

(a) The accounts of the bank shall be kept separate
from all other accounts of the council;

(b) The bank shall be carried on in accordance with
such regulations as the Treasury or the council,
with the approval of the Treasury, may pre-
scribe;

A.D. 1927.

Power to

make advances for housing.

Short title.

The regulations to be prescribed under this section may apply with or without modification any of the provisions (including penal provisions and any provisions granting exemption from stamp duty in respect of instruments and docu- 5 ments) contained in the enactments relating to savings banks, but, save as applied by the regulations, those enactments shall not apply to the bank.

2. (1) The council may establish a housing depart- 10 ment of the bank, and may make advances upon the security of freehold, copyhold, or leasehold estate by way of mortgage to any depositor in the bank desiring to purchase or acquire a dwelling-house or dwelling-houses within its area, or any interest therein, and for this 15 purpose shall have power to hold land with the right of foreclosure subject to the following conditions:

(a) The council shall be satisfied that the value of
the premises is sufficient, and that the title
thereto is one which an ordinary mortgagee 20
would be willing to accept;

(b) The repayment of the advance with interest
within such period not exceeding thirty years
as shall be agreed, shall be secured by an
instrument vesting the ownership in the council 25.
subject to the right of redemption by the
mortgagor;

(c) The provisions of section forty-two of the
Building Societies Act, 1874, with the necessary
modifications, shall extend to and apply for 30
the purpose of this section.

(2) The council, for the purposes of this section, may utilise and invest the funds of the bank.

3. This Act may be cited as the Local Authorities (Banks) Act, 1927.

35.

[blocks in formation]

Presented by Mr. Thomas Williams, supported by

Mr. Scurr, Mr. Dennison, Mr. Paling, {Mr. Palin, Mr. Charleton and Mr. Parkinson.

Ordered, by The House of Commons, to be Printed, 11 February 1927.

[blocks in formation]

To be purchased directly from

H.M. STATIONERY OFFICE at the following addresses:
Adastral House, Kingsway. London, W.C. 2;

120, George Street, Edinburgh; York Street, Manchester;
1, St. Andrew's Crescent, Cardiff; 15, Donegall Square West, Belfast;
or through any Bookseller.

[blocks in formation]
« ZurückWeiter »