London Council (Money) Act 1889
| Jurisdiction | UK Non-devolved |
London Council (Money) Act, 1889
(52 & 53 Vict.) CHAPTER 61.
An Act to further amend the Acts relating to the raising of Money by the London County Council, and for other purposes.
[30th August 1889]
Whereas the London County Council (in this Act referred to as ‘the Council’) require to borrow the amounts herein-after named within the times herein-after limited:
And whereas by the Metropolitan Board of Works (Money) Act, 1888(in this Act referred to as ‘the Act of 1888’), the Metropolitan Board of Works (in this Act called ‘the Board’) were empowered to raise certain sums of money for the purposes in the said Act mentioned, and limits of time and amount within which the powers by the said Act granted might be exercised were fixed, and the powers of the Board under the said Act have been transferred to the Council:
And whereas the powers for the raising of money by the Act of 1888 conferred upon the Board and transferred to the Council have been partially exercised, but it is expedient that the Council should have power to raise certain further sums of money specified in the First Schedule to this Act annexed for the purposes, upon the terms, and subject to the limitations herein-after mentioned, and that the Act of 1888 should be amended:
And whereas it is expedient that the Council should be empowered to apply for the purpose of certain loans by the Council under this Act any money for the time being forming part of the Consolidated Loans Fund and not required for the payments of the dividends on consolidated stock:
And whereas it is expedient that the Council should after the issue of consolidated stock be empowered to pay certain parts of the dividends due thereon out of the money and in the manner by this Act prescribed:
And whereas it is expedient that the Council should be empowered to raise certain of the moneys which they are by this Act authorised to raise, and which it may be convenient to raise for a temporary period by the issue of bills with the consent of the Treasury for not less than three and not more than twelve months to be repaid out of money raised by the creation of consolidated stock under this Act:
And whereas it is expedient that the provisions with respect to unclaimed stock, unclaimed dividends on stock, and unclaimed money applicable to the redemption of stock, contained in the Act of 1885, should be incorporated in this Act:
Be it therefore enacted by the Queen'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, as follows:
1 Short title.
1. This Act may be cited as theLondon Council (Money) Act, 1889; and the Metropolitan Board of Works (Money) Acts, 1875 to 1888, and this Act may be cited together as the London Council (Money) Acts, 1875 to 1889.
2 Construction of Act.
2. This Act shall be read and have effect as one with the Metropolitan Board of Works (Loans) Acts, 1869 to 1871, and the Metropolitan Board of Works (Money) Acts, 1875 to 1888, but all consolidated stock created by the Council after the appointed day fixed by the Local Government Act, 1888, shall be charged on the county rate in substitution for the consolidated rate.
3 Interpretation.
3. The expression ‘Parks and Open Spaces Acts’ in this Act shall mean the enactments specified in the Second Schedule to this Act annexed.
The expression ‘Main Drainage Acts’ in this Act shall have the same meaning as is assigned to the same term in the Metropolitan Board of Works (Loans) Act, 1869.
The expression ‘Artizans' and Labourers' Dwellings Improvement Acts’ in this Act shall mean the enactments specified in the Third Schedule to this Act annexed.
4 Amendment of 51 & 52 Vict. c. 40. s. 6, sub-ss. \(b), \(c), \(d), \(f), \(m), \(n), \(o), ss. 7, 8, sub-ss. \(i.), \(ii.).
(i)4.—(i.) Sub-section (b ) of section six of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended for the purposes of the Parks and Open Spaces Acts had been limited to a sum of seventy-eight thousand pounds instead of sixty-two thousand pounds, and the Second Schedule of the Act of 1888 shall be read and construed as if the Clissold Park (Stoke Newington) Act, 1887, had been included therein.
(ii) (ii.) Sub-section (c ) of section six of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended for the purposes of the Metropolis Toll Bridges Act, 1877, including the cost of certain special works for the maintenance and repair of certain of the bridges acquired under the said Act, and the commutation of pensions, had been limited to a sum of nineteen thousand pounds instead of three thousand pounds.
(iii) (iii.) Sub-section (d ) of section six of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended for the purposes of the Metropolitan Bridges Act, 1881, and the Metropolitan Board of Works (Bridges) Act, 1884, had been limited to a sum of sixty-seven thousand pounds instead of thirty-four thousand pounds.
(iv) (iv.) Sub-section (j ) of section six of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended for the purposes of the Metropolitan Street Improvements Act, 1883, had been limited to a sum of seventeen thousand pounds instead of two thousand pounds.
(v) (v.) Sub-section (m ) of section six of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended for the purposes of the Metropolitan Board of Works (Various Powers) Act, 1885, had been limited to a sum of three hundred and fifty thousand pounds instead of one hundred and fifty-one thousand pounds.
(vi) (vi.) Sub-section (n ) of section six of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended for the purposes of the Metropolitan Board of Works (Various Powers) Act, 1886, had been limited to a sum of eleven thousand pounds instead of seven thousand pounds.
(vii) (vii.) Sub-section (o ) of section six of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended for the purposes of the Metropolitan Board of Works (Various Powers) Act, 1887, had been limited to a sum of fifteen thousand pounds instead of nine thousand pounds.
(viii) (viii.) Section seven of the Act of 1888 shall be read and construed as if the amount thereby authorised to be expended had been limited to a sum of three hundred and thirty thousand pounds instead of one hundred and forty-two thousand pounds.
(ix) (ix.) Sub-section (i.) of section eight of the Act of 1888 shall be read and construed as if the amount thereby authorised to be lent, and which vestries or district boards were thereby authorised to borrow, had been limited to a sum of four hundred thousand pounds instead of three hundred thousand pounds.
(x) (x.) Sub-section (ii.) of section eight of the Act of 1888 shall be read and construed as if the amount thereby authorised to be lent, and which any corporation, commissioners, burial board, or other public body (not being a vestry or district board constituted as aforesaid, or board of guardians, the managers of the Metropolitan Asylum District, or the School Board for London), as therein defined, were thereby authorised to borrow had been limited to a sum of two hundred thousand pounds instead of one hundred thousand pounds.
(xi) (xi.) Section six of the Act of 1888 shall be read and construed as if an amount of sixteen hundred pounds had been thereby authorised to be expended for the purposes of the Metropolitan Board of Works (Bridges, &c.) Act, 1883: provided that the money expended by the Board and the Council under this sub-section shall not, together with all money previously expended by the Board for the said purposes, exceed one hundred and thirty-four thousand pounds.
5 Power to expend money for purposes of Metropolitan Improvements Act, 1889, Local Government Act, 1888, Hughes Fields scheme, for a council chamber, and Brockwell Park.
5. The Council may from time to time, up to the thirty-first day of December one thousand eight hundred and ninety, expend for the purposes herein-after mentioned such money as they think fit, not exceeding the amounts limited in relation to such purposes respectively:
(i.) For the purposes of the Metropolitan Improvements Act, 1889, seven thousand pounds;
(ii.) For the purposes of capital outlay incurred or to be incurred by the Council, when they are acting, not as successors of the Board, but in pursuance of authority vested in them by the Local Government Act, 1888, three hundred and fifty thousand pounds;
(iii.) For the purposes of building houses in connexion with the Hughes Fields Deptford Scheme under the Metropolis (Hughes Fields) Provisional Order Confirmation Act, 1885, forty thousand pounds;
(iv.) For the purpose of acquiring a site for a council chamber and offices such a sum as the Council, with the approval of the Treasury, may think fit;
(v.) For the purpose of acquiring Brockwell Park, in the parish of Lambeth, in the county of London, sixty-one thousand pounds:
Provided always, that the money to be raised and the consolidated stock to be created by the Council under this section shall be raised and created by them from time to time in such amounts and at such times only as the Council shall actually require, and as the Treasury shall approve, for the purpose of carrying out the provisions of the said Acts in a proper and efficient manner.
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