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Metropolitan Board of Works (Money) Act 1886

As Enacted Cited authorities 32 Cited in Related
Vincent
JurisdictionUK Non-devolved
Citation1886 c. 44
Year1886


Metropolitan Board of Works (Money) Act, 1886

(49 & 50 Vict.) CHAPTER 44.

An Act further to amend the Acts relating to the raising of Money by the Metropolitan Board of Works; and for other purposes.

[25th June 1886]

W HEREAS by the Metropolitan Board of Works (Loans) Act, 1875, (in this Act referred to as ‘the Act of 1875,’) the raising of money by the Metropolitan Board of Works (in this Act referred to as ‘the Board’) for the purposes therein specified was regulated, and provision was made requiring that the borrowing powers granted to the Board by Parliament for the purposes therein named should for the future be limited both in time and amount:

And whereas by the Metropolitan Board of Works (Money) Act, 1885, (in this Act referred to as ‘the Act of 1885,’) 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 whereas the powers for the raising of money by the Act of 1885 conferred upon the Board have been partially exercised, but it is expedient that the Board 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 1885 should be amended:

And whereas it is expedient that the Board should be empowered to apply for the purpose of certain loans by the Board under this Act, any moneys 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 Board should after the issue of consolidated stock be empowered to pay certain parts of the dividends due thereon out of the moneys and in the manner by this Act prescribed:

And whereas the payments by the Board up to the 31st December 1885 for the purposes of the Fire Brigade Act, 1865, exceeded by the sum of five thousand six hundred and two pounds fifteen shillings and threepence, the amount of the moneys authorised to be raised by means of the consolidated rate, under the authority and subject to the limitations of the Metropolitan Board of Works (Loans) Act, 1869, and of the moneys received by the Board towards their expenses for the said purposes, and the said sum was advanced by the Board out of other moneys in hand, and it is expedient that such payments be sanctioned and confirmed, and that the Board should be authorised to transfer to the Fire Brigade Account a sum of five thousand six hundred and two pounds fifteen shillings and threepence from the balance in their hands of rate raised for general purposes:

And whereas the Board have advanced on loan to the Vestry of St. George Hanover Square a sum of sixteen thousand pounds, part of a sum of twenty-one thousand pounds, to be expended in the purchase of lands and in the erection of buildings for the joint accommodation of the vestry and of the guardians, and doubts have arisen whether the Board have authority to advance on loan to the Vestry the further sum of five thousand pounds and it is expedient to remove the said doubts:

And whereas it is expedient that the Board should be empowered to raise any 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 moneys 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 moneys 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:

S-1 Short title.

1 Short title.

1. This Act may be cited as theMetropolitan Board of Works (Money) Act, 1886, and the Metropolitan Board of Works (Money) Acts, 1875 to 1885, and this Act, maybe cited together as the Metropolitan Board of Works (Money) Acts, 1875 to 1886.

S-2 Construction of Act.

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 1885.

S-3 Interpretation.

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.

S-4 Amendment of 48 & 49 Vict. c. 50. s. 9. subsections\(a), \(c), \(d), \(e), \(f), \(g), \(i), and \(l).

4 Amendment of 48 & 49 Vict. c. 50. s. 9. subsections\(a), \(c), \(d), \(e), \(f), \(g), \(i), and \(l).

4. (i.) Sub-section (a ) of section nine of the Act of 1885 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purpose of providing station-houses fire engines fire escapes and permanent plant for the purposes of the Fire Brigade Act, 1865, had included a sum of nine hundred pounds for repaying an advance from the Fire Brigade Working Account in 1885, and had been limited to a sum of thirty-six thousand pounds, and such further sums as the Treasury may approve instead of twenty-five thousand pounds. The words ‘permanent plant’ in the above sub-section are hereby declared to include hydrants and fire-plugs
(ii.)Sub-section (c ) of section nine of the Act of 1885 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purposes of the Metropolis Toll Bridges Act, 1877, including the cost of certain special works for the maintenance and repair of the bridges acquired by the Board under the said Act and the commutation of pensions, had been limited to a sum of twenty thousand pounds instead of ten thousand pounds
(iii.)Sub-section (d ) of section nine of the Act of 1885 shall be read and construed as if the amount which the Board were thereby authorised to expend 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 one hundred and fifty thousand pounds instead of one hundred and forty-two thousand pounds.
(iv.)Sub-section (e ) of section nine of the Act of 1885 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purposes of the Metropolitan Board of Works (Bridges, &c.) Act, 1883, had been limited to a sum of fifty-five thousand pounds instead of forty-two thousand pounds
(v.)Sub-section (f ) of section nine of the Act of 1885 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purposes of the Thames River (Prevention of Floods) Act, 1879, had been limited to a sum of five thousand pounds, and such further sum as the Treasury may approve instead of one thousand pounds and such further sum as the Treasury may approve.
(vi.)Sub-section (g ) of section nine of the Act of 1885 shall be read and construed as if the amount which the Board were thereby authorised to expend under the authority of the Artizans and Labourers' Dwellings Improvement Act, 1875, or the Artizans and Labourers' Dwellings Improvement Acts, 1875 to 1882, and confirmed by Provisional Order and Act of Parliament, had been limited to a sum of thirty thousand pounds, and such further sum as the Treasury may approve instead of seven thousand pounds and such further sum as the Treasury may approve.
(vii.)Sub-section (i ) of section nine of the Act of 1885 shall be read and construed as if instead of the sum of one hundred and sixty-five thousand pounds therein mentioned with respect to the purposes of the Metropolitan Street Improvements Act, 1883, the sum of two hundred and forty-nine thousand pounds were therein inserted.
(viii.)Sub-section (l ) of section nine of the Act of 1885 shall be read and construed as if instead of the sum of twenty-three thousand pounds therein mentioned for the purposes of the Metropolitan Board of Works (Various Powers) Act, 1884, the sum of ninety-five thousand pounds had been therein inserted.
S-5 Amendment of 48 & 49 Vict. c. 50. s. 10.

5 Amendment of 48 & 49 Vict. c. 50. s. 10.

5. Section ten of the Act of 1885 shall be read and construed as if the amount which the Board were thereby authorised to expend had been limited to a sum of two hundred and fifty-one thousand pounds instead of eighty-six thousand pounds, and it is declared that the purposes to which the sum of two hundred and fifty-one thousand pounds could be applied include precipitation works and appliances for the removal of sludge.

S-6 Amendment of 48 & 49 Vict. c. 50. s. 11.

6 Amendment of 48 & 49 Vict. c. 50. s. 11.

6. Section eleven of the Act of 1885 shall be read and construed as if the sums which the Board were thereby authorised to lend to vestries or district boards had been limited to a sum not exceeding three hundred thousand pounds instead of two hundred thousand pounds.

S-7 Amendment of 48 & 49 Vict. c. 50. s. 12.

7 Amendment of 48 & 49 Vict. c. 50. s. 12.

7. Section twelve of the Act of 1885 shall be read and construed as if the sums which the Board were thereby authorised to lend to boards of guardians had been limited to a sum not exceeding three hundred thousand pounds instead of two hundred thousand pounds.

S-8 Power to expend moneys for the purposes of theMetropolitan Board of Works \(Various Powers) Act, 1886.

8 Power to expend moneys for the purposes of theMetropolitan Board of Works \(Various...

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