London County Council (Money) Act 1890
| Jurisdiction | UK Non-devolved |
| Citation | 1890 c. 41 |
| Year | 1890 |
London County Council (Money) Act, 1890
(53 & 54 Vict.) CHAPTER 41.
An Act to further amend the Acts relating to the raising of Money by the London County Council, and for other purposes.
[14th August 1890]
W HEREAS 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 London Council (Money) Act, 1889(in this Act referred to as ‘the Act of 1889’), the Council 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 whereas the powers for the raising of money by the Act of 1889 conferred upon 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 1889 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 Metropolitan Board of Works (Money) Act, 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 County Council (Money) Act, 1890; and the London Council (Money) Acts, 1875 to 1889, and this Act may be cited together as the London County Council (Money) Acts, 1875 to 1890.
2 Construction of Act.
2. This Act shall be read and have effect as one with Metropolitan Board of Works (Loans) Acts, 1869 to 1871, and the London Council (Money) Acts, 1875 to 1889, but all consolidated stock created by the Council 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, and includes any Act of the present session consolidating any of those Acts.
The expression ‘Electric Lighting Acts’ in this Act shall mean the enactments specified in the Fourth Schedule to this Act annexed.
4 Amendment of 52 & 53 Vict. c. 61. ss. 6, 7, 8, 11, and 13.
(viii.) Section six of the Act of 1889 shall be read and construed as if an amount of one thousand pounds for the Chelsea Embankment, under the provisions of the London Parks and Works Act, 1887, had been thereby authorised to be expended.
(ix.) Section six of the Act of 1889 shall be read and construed as if an amount of thirty thousand pounds for the purposes of building houses, in connexion with the Artizans' and Labourers' Dwellings Improvement Acts, had been thereby authorised to be expended.
(x.) Section six of the Act of 1889 shall be read and construed as if an amount of twenty thousand pounds for the providing common lodging houses had been thereby authorised to be expended.
(xi.) Section six of the Act of 1889 shall be read and construed as if an amount of five thousand pounds for the purposes of the Electric Lighting Acts had been thereby authorised to be expended.
(xii.) Section six of the Act of 1889 shall be read and construed as if an amount of four thousand five hundred pounds for the enlargement of Hampstead Heath had been thereby authorised to be expended.
(xiii.) Section seven of the Act of 1889 shall be read and construed as if the amount thereby authorised to be expended had been limited to a sum of two hundred and eighty-three thousand pounds instead of two hundred and eleven thousand pounds.
(xv.) Sub-section (ii.) of section eight of the Act of 1889 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, district board, 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.
(xvi.) Section eleven of the Act of 1889 shall be read and construed as if the amount which the council were thereby authorised to lend to the school board for London, and which the school board were thereby authorised to borrow had been limited to a sum of four hundred and fifty thousand pounds instead of three hundred and fifty thousand pounds.
(xvii.) Section thirteen of the Act of 1889 shall be read and construed as if the word ‘nine’ in the third line of the second paragraph of that section were and always had been the word ‘eight.’
5 Power to expend money for purposes of the London Council \(General Powers) Act, 1890; the London Streets \(Removal of Gates) Act, 1890.
5. The Council may up to the thirty-first day of December one thousand eight hundred and ninety-one, 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 London Council (General Powers) Bill, 1890, if it becomes law, sixty-seven thousand pounds;
(ii.) For the purposes of the London Streets (Removal of Gates) Bill...
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