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Church Commissioners (Loans for Theological Colleges and Training Houses) Measure 1964

Consolidated Text As Enacted Cited authorities 1 Cited in Amendments 1 Related
Vincent
JurisdictionUK Non-devolved
Citationmeasure 1964 No. 1
Year1964
(a) lend to the Central Board of Finance such sums as the Commissioners may think fit for the purpose of defraying expenditure upon lands or buildings of any tenure vested in or held in trust for (or proposed to be vested in or held in trust for) any existing or proposed college or establishment mentioned in the succeeding section or for the purpose of any other capital expenditure in connection with any college or establishment upon such terms and conditions as to interest and repayment of principal as may be agreed;(b) guarantee unconditionally or upon such terms and conditions as the Commissioners may agree the due repayment of the whole or any part of any such loans made by any other body or person and the payment of interest in respect thereof:Provided that the totals at any one time of sums lent, and of principal sums guaranteed, by the Commissioners under this section shall together not exceed the sum of one million pounds.

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