Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Metropolitan Board of Works (Money) Act 1888

As Enacted Cited authorities 46 Cited in Related
Vincent
JurisdictionUK Non-devolved
Citation1888 c. 40
Year1888


Metropolitan Board of Works (Money) Act, 1888

(51 & 52 Vict.) CHAPTER 40.

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

[13th August 1888]

Whereas 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, 1887(in this Act referred to as ‘the Act of 1887’), 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 1887 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 1887 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 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 Board 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 Board 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:

S-1 Short title.

1 Short title.

1. This Act may be cited as theMetropolitan Board of Works (Money) Act, 1888, and the Metropolitan Board of Works (Money) Acts, 1875 to 1887, and this Act may be cited together as the Metropolitan Board of Works (Money) Acts, 1875 to 1888.

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 1887.

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.

The expression ‘Artizans' and Labourers' Dwellings Improvement Acts’ in this Act shall mean the enactments specified in the Third Schedule to this Act annexed.

S-4 Amendment of 50 & 51 Vict. c. 31. s. 9. subsections \(a.), \(b.), \(e.), \(g.), \(h.), \(i.), \(l.), \(m.), s. 10, s. 11., subsection \(i.).

4 Amendment of 50 & 51 Vict. c. 31. s. 9. subsections \(a.), \(b.), \(e.), \(g.), \(h.), \(i.), \(l.), \(m.), s. 10, s. 11., subsection \(i.).

4.—(i.) Sub-section (a .) of section nine of the Act 1887 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purposes of providing station-houses fire engines, fire escapes, hydrants, fire plugs, and permanent plant for the purposes of the Fire Brigade Act, 1865, had been limited to a sum of sixty thousand pounds, and such further sum as the Treasury may approve, instead of thirty-five thousand pounds, and such further sum as the Treasury may approve
(ii.)Sub-section (b .) of section nine of the Act of 1887 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purposes of the Parks and Open Spaces Acts had been limited to a sum of sixty-one thousand pounds instead of forty thousand pounds, and the Second Schedule of the Act of 1887 shall be read and construed as if the Metropolitan Board of Works (Various Powers) Act, 1887, and the London Parks and Works Act, 1887, had been included therein.
(iii.)Sub-section (e .) of section nine of the Act of 1887 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, including the freeing of East and West Ferry Roads, had been limited to a sum of eleven thousand pounds instead of seven thousand pounds.
(iv.)Sub-section (g .) of section nine of the Act of 1887 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purposes of schemes made by the Board under the Artizans' and Labourers' Dwellings Improvement Acts had been limited to the sum of seventeen thousand pounds, and such further sum as the Treasury may approve, instead of eleven thousand pounds, and such further sum as the Treasury may approve, and all expenditure under this sub-section or under sub-section (iii.) of section five of the Act of 1887 shall be brought into one account and treated as expenditure under the Artizans and Labourers' Dwellings Improvement Acts.
(v.)Sub-section (h .) of section nine of the Act of 1887 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purpose of the Metropolitan Street Improvements Act, 1877, had been limited to a sum of forty-one thousand pounds, and such further sum as the Treasury may approve, instead of twenty-eight thousand pounds, and such further sum as the Treasury may approve.
(vi.)Sub-section (i .) of section nine of the Act of 1887 shall be read and construed as if the amount which the Board were thereby authorised to expend for the purposes of the Metropolitan Street Improvements Act, 1883, had been limited to a sum of forty-four thousand pounds instead of sixteen thousand pounds.
(vii.)Sub-section (l .) of section nine of the Act of 1887 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 (Various Powers) Act, 1884, had been limited to a sum of twenty-three thousand pounds instead of eleven thousand pounds.
(viii.)Sub-section (m ) of section nine of the Act of 1887 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 (Various Powers) Act, 1885, had been limited to a sum of two hundred and sixty-four thousand pounds instead of one hundred and eighty-three thousand pounds.

(ix.) Section ten of the Act of 1887 shall be read and construed as if the amount which the Board were thereby authorised to expend had been limited to a sum of five hundred and one thousand pounds instead of three hundred and seventy thousand pounds.

(x.)Sub-section (i .) of section eleven of the Act of 1887 shall be read and construed as if the amount which the Board were thereby authorised to lend, and vestries or district boards were thereby authorised to borrow, had been limited to a sum of three hundred and fifty thousand pounds instead of three hundred thousand pounds.
S-5 Powers to expend money for the purposes of the Metropolitan Board of Works \(Various Powers) Act, 1888, the Thames Tunnel \(Blackwall) Act, 1888, Hampstead Heath Enlargement Acts, 1886 and 1888, Clissold Park Act, 1887, Vauxhall Park Act, 1888, Brixton Park Act, 1888.

5 Powers to expend money for the purposes of the Metropolitan Board of Works \(Various Powers) Act, 1888, the Thames Tunnel \(Blackwall) Act, 1888, Hampstead Heath Enlargement Acts, 1886 and 1888, Clissold Park Act, 1887, Vauxhall Park Act, 1888, Brixton Park Act, 1888.

5. The Board may, from time to time, up to the thirty-first day of December one thousand eight hundred and eighty-nine, expend for the purposes herein-after mentioned such moneys as they think fit, not exceeding the amounts limited in relation to such purposes respectively—

(i.) For the purposes of the Metropolitan Board of Works (Various Powers) Act, 1888, sixty-eight thousand five hundred pounds;

(ii.) For the purposes of the Thames Tunnel (Blackwall) Act, 1888, twenty-eight thousand pounds, all expenditure under this sub-section and all expenditure for the purposes of the Thames Tunnel (Blackwall) Act, 1887, shall be brought into one account, and treated as expenditure for the purposes of the Thames Tunnel (Blackwall) Acts;

(iii.) For the purposes of the Hampstead Heath Enlargement Act, 1886, and the Hampstead Heath Enlargement Amendment Bill, 1888, if it becomes law, and the Clissold Park (Stoke Newington) Act, 1887, if the Board should determine to purchase, two hundred and eighty-one thousand five hundred pounds, provided that if the Board should determine to purchase under the provisions of the Clissold Park (Stoke Newington) Act, 1887, any sam or sums of money received by the Board under the provisions of that Act shall be carried to the account out of which the purchase money has been paid;

(iv.)...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT