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they think expedient, and the official trustees of the Patriotic Fund within the meaning of the Patriotic Fund Act, 1867, may convey the same to the purchaser, and the conveyance by the said official trustees and their receipt for the purchase money shall be conclusive evidence in favour of the purchaser and all persons claiming through him that the sale of the property comprised in the conveyance was authorised by and duly made in pursuance of this Act, and that the purchase money was duly paid; and the purchaser shall not inquire into the legality of the sale or into the application of the purchase money, or be responsible for the non-application or misapplication thereof.

The said purchase money and also the part of the endowment appropriated for the boys school shall be carried to and form part of the Patriotic Fund, and be applicable for the purposes to which the rest of that fund is for the time being applicable.

3. Filling up vacancies among Commissioners.] It shall be lawful for Her Majesty from time to time by warrant under Her Sign Manual to appoint any person to fill any vacancy among the Commissioners of the Patriotic Fund which has arisen either before or after the passing of this Act from death, resignation, or otherwise, and all persons so appointed shall be Commissioners of the Patriotic Fund, in like manner as if they were named in the above-recited commissions or in any supplemental commission issued after the passing of this Act.

4. Provision as to application of funds administered by the Patriotic Fund Commissioners-30 & 31 Vict. c. 98.] It shall be lawful for Her Majesty from time to time, by supplemental commission under Her Royal Sign Manual, to direct the Commissioners of the Patriotic Fund to apply the Patriotic Fund and the income and accumulations thereof or any parts thereof (so far as not appropriated for the Royal Victoria Patriotic Asylum for Girls and for the purposes mentioned in the schedule to the Patriotic Fund Act, 1867, and so far as not required to meet liabilities and claims existing prior to the date of such commission) for such purposes for the benefit of the widows and children of officers and men of Her Majesty's military and naval forces, and in such manner as may be directed by the said commission, and so far as any direction in the commission does not extend, as the Commissioners from time to time think expedient.

This section shall apply to the Rodriguez Fund and to any surplus of the funds mentioned in the schedule to this Act which remains after providing for the special trusts of those funds in like manner as if such Rodriguez Fund and surplus formed part of the Patriotic Fund.

Sections six to twenty (both inclusive) of the Patriotic Fund Act, 1867, shall apply to all the funds mentioned in this section in like manner as if they were herein re-enacted, and as if the supplemental commission mentioned in these sections referred to any supplemental commission issued in pursuance of this Act, and as if the references in those sections to the said Act or to any section thereof referred to this section, and as if in the said sections as so reenacted the Rodriguez Fund and the Funds mentioned in the schedule to this Act, and any funds the administration of which may hereafter be accepted by the Commissioners of the Patriotic Fund, were specified as well as the Patriotic Fund: Provided that no transfer need be made under section eleven as so re-enacted of any funds already transferred to the official trustees of the Patriotic Fund, and that the account to be kept by the Paymaster-General under section fourteen shall be such as the Commissioners of Her Majesty's Treasury from time to time direct.

5. Approval of Treasury to pension under 30 & 31 Vict. c. 98, s. 19.] The Commissioners of the Patriotic Fund, before submitting to Her Majesty, under the Patriotic Fund Act, 1867, or this Act, any award of a pension or retiring allowance to any person employed by the Commissioners, shall obtain the approval of the Commissioners of Her Majesty's Treasury to such award.

after setting out the trusts of the fund, provides that any surplus shall be applied in relief of widows, children, or parents of officers, petty officers, non-commissioned officers, seamen, and marines of Her Majesty's Navy. Royal Naval Re- This fund is administered under a comlief Fund mission from Her Majesty, dated the 7th June 1875, for the immediate relief of any special objects of destituti n arising among the widows, orphans, and other relatives of deceased officers, sailors, and marines who have served in the Navy.

Eurydice Fund

This fund is administered under a trust deed dated the 19th November 1878, which, after setting out the trusts of the fund, provides that any surplus shall be transferred to the Royal Naval Relief Fund.

This fund is administered under a Royal Warrant dated the 22nd August 1879, which provides that, subject to the special trusts therein mentioned, the fund shall be administered as Her Majesty may from time to time direct This fand is administered under a trust deed dated the eleventh day of July 1881, which sets forth the trust of the fund, and provides that any surplus shall be paid to the Royal Naval Relief Fund.

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, 1880, (in this Act referred to as "the Act of 1880,") 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 1880 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 1880 should be amended:

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 conve nient 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:

Be it therefore enacted, &c. :

1. Short title.] This Act may be cited as the Metropolitan Board of Works (Money) Act, 1881, and the Metropolitan Board of Works (Money) Acts, 1875 to 1880, and this Act may be cited together as the Metropolitan Board of Works (Money) Acts, 1875 to 1881.

2. Construction of Act.] 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 1880.

3. Interpretation.] The expression "Parks and Open Spaces Acts" in this Act shall mean the enactments specified in Part I. of the Second Schedule to this Act annexed.

The expression "Embankment Acts" in the Metropolitan Board of Works (Loans) Act, 1869, and in this Act shall mean the series of Acts specified in Part II. of the Second Schedule to this Act annexed, and the Metropolitan Board of Works (Loans) Act, 1869, shall be construed accordingly.

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.

4. Amendment of section 7 of 43 & 44 Vict. c. 25-28 & 29 Vict. c. 90.] Section seven of the Act of 1880 shall be read and construed as if the aggregate amount which the Board was thereby authorised to expend for the purposes of the Fire Brigade Act, 1865, had been limited to a sum not exceeding forty thousand pounds instead of thirty thousand pounds.

5. Amendment of section 6 of 43 & 44 Vict. c. 25, as to expenditure under Embankment Acts and in relation to Sun Street-39 & 40 Vict. c. 55.] Section six of the Act of 1880 shall be read and construed as if the aggregate amount which the Board was, by sub-section (d) of the said section, authorised to expend for the purposes of completing the works authorised by the Embankment Acts, and for completing the Sun Street Improvement under the Metropolitan Board of Works Various Powers Act, 1876, had been limited to a sum of thirteen thousand pounds instead of ten thousand pounds, and as if the aggregate amount which the Board was, by sub-section (e) of the said section, authorised to expend for the purposes of defraying the costs of tablets of inscription on the four sides of the base of the obelisk on the Victoria Embankment, of the alteration of the adjoining granite pedestals and placing sphinxes thereon, and of other permanent work incurred and to be incurred in carrying out the general design, had been limited to nine thousand pounds instead of seven thousand pounds.

6. Amendment of section 10 of 43 & 41 Vict. c. 25, as to expenditure for purposes of main drainage and main sewers.] Section ten of the Act of 1880 shall be read and construed as if the aggregate amount which the Board was thereby authorised to expend for the purposes of main drainage and main sewers therein mentioned had been limited to a sum of four hundred thousand pounds instead of three hundred thousand pounds.

7. Power to Board to expend moneys for purposes of the Metropolitan Board of Works (Various Powers) Act, 1881, and 44 Vict. c. xviii.] The Board may from time to time, up to the thirty-first day of December one thousand eight hundred and eighty-two, expend for the purposes of the Metropolitan Board of Works (Various Powers) Act, 1881, if it becomes law, such moneys as they may think fit, not exceeding thirty-four thousand two hundred pounds, and such further sum as the Treasury shall

approve.

The Board may from time to time, up to the thirtyfirst day of December one thousand eight hundred and ighty-two, expend for the purposes of the Metropolitan Commons Supplemental Act, 1881, and in the purchase of a piece of land adjoining Brook Green, Hammersmith, a sum not exceeding twelve thousand pounds.

The Board, in order to raise money for purposes of this section, may from time to time create consolidated stock: Provided always, that the money to be raised and the consolidated stock to be created by the Board under this section shall be raised and created by them from time to time in such amounts and at such times only as the Board shall actually require and as the Treasury shall

approve, for the purpose of carrying out the provisions of the said Act in a proper and efficient manner.

8. Power to Board to expend money for purposes of 44 & 45 Vict. c. cxcii.] The Board may from time to time, up to the thirty-first day of December one thousand eight hundred and eighty-two, expend for the purposes of the Metropolitan Bridges Act, 1881, if it becomes law, such money as they think fit, not exceeding seven hundred and sixty thousand pounds.

this section, may from time to time create consolidated The Board, in order to raise money for the purposes of stock: Provided always, that the money to be raised and the consolidated stock to be created by the Board under this section shall be raised and created by them from time to time in such amounts and at such times only as the Board shall actually require, and as the Treasury shall approve, for the purpose of carrying out the provisions of the said Act in a proper and efficient manner.

9. Power to Board to expend moneys during year ending 31st December, 1882, for purposes of 18 & 19 Vict. c. 120, s. 144, and 25 & 26 Vict. c. 102, s. 72, of Street Improvements Act (35 & 36 Vict. c. clxiii.), of Parks and Open Spaces Acts, of Embankment Acts, improvement of Sun Street, of the obelisk on Victoria Embankment, and of the Toll Bridges Act, 40 & 41 Vict. c. zciz.] The Board may from time to time during the year ending the thirty-first day of December one thousand eight hundred and eightytwo, expend for the purposes herein-after mentioned such moneys as they may think fit, not exceeding the amounts limited in relation to such purposes respectively.

(a.) For the purposes mentioned in section one hundred and forty-four of the Metropolis Management Act, 1855, and section seventy-two of the Metropolis Management Amendment Act, 1862, one hundred thousand pounds:

(b.) For the purposes of the Metropolitan Street Improvements Act, 1872, thirty thousand and one hundred and thirty-four pounds eighteen shillings and ninepence, provided that the moneys hereby authorised to be expended for the said purposes, together with any moneys expended for the said purposes under the authority of the Metropolitan Board of Works (Money) Acts, 1877 to 1880, shall not exceed sixty thousand pounds:

(c.) For the purposes of the Parks and Open Spaces Acts fifteen thousand pounds:

(d.) For the purposes of completing the works authorised by the Embankment Acts, including the purchase and erection of lamp standards on such parts of such works as the Board may think fit, and for completing the Sun Street Improvement under the Metropolitan Board of Works Various Powers Act, 1876, and for completing the tablets of inscription on the four sides of the base of the obelisk on the Victoris Embankment, the adjoining granite pedestals and the sphinxes thereon, and other permanent work, in carrying out the general design in relation to the said obelisk, twelve thousand pounds; provided that the moneys hereby authorised to be expended for the said purposes, together with any moneys expended for the said purposes under the Act of 1850, shall not exceed thirty-four thousand pounds:

(e.) 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 by the Board under the said Act, and commutation of pensions, fifty thousand pounds; provided that the moneys hereby authorised to be expended for the said purposes, together with the moneys heretofore authorised to be expended by the Board for the purposes of the Metropolis Toll Bridges Act, 1877, shall not exceed the sum of one million six hundred thousand pounds.

The Board, in order to raise money for the several purposes mentioned in this section, may from time to time create consolidated stock.

10. Power to Board to expend money for purposes of Fire Brigade-28 & 29 Vict. c. 90.] The Board may from time to time, during the year ending the thirty-first day of December one thousand eight hundred and eighty-two, expend for the purposes of providing station-houses, fire engines, tire escapes, and permanent plant for the purposes of the Fire

Brigade Act, 1865, such money as they think fit, not | exceeding thirty thousand pounds.

The Board, in order to raise money for the purposes of this section, may from time to time create consolidated stock.

The Board shall from time to time carry to the consolidated loans fund such sums as the Treasury approve as being in their opinion sufficient to redeem, within thirty years from the date of the creation of stock for purposes of this section, an amount of consolidated stock equal to that so created.

11. Power to Board to expend money for purposes of street improvements under 40 & 41 Vict. e. ccxxxv. and 42 & 43 Vict. c. cxcviii.] The Board may from time to time, during the year ending the thirty-first day of December one thousand eight hundred and eighty-two, expend

(a.) For the purposes of the Metropolitan Street Improvements Act, 1877, such money as they think fit, not exceeding one million five hundred thousand pounds, or such further sum as the Treasury may approve; provided that the moneys hereby authorised to be expended for the said purposes, together with all moneys heretofore authorised to be expended by the Board for the said purposes, shall not exceed three million seven hundred and twelve thousand five hundred and seven pounds; and

(b.) For the purposes of the Thames River (Prevention of Floods) Act, 1879, such money as they think fit, not exceeding ninety thousand pounds, or such further sum as the Treasury may approve.

The Board, in order to raise money for the several purposes mentioned in this section, may from time to time create consolidated stock: Provided always, that the money to be raised and the consolidated stock to be created by the Board under this section shall be raised and created by them from time to time in such amounts and at such times only as the Board shall actually require, and as the Treasury shall approve, for the purpose of carrying into effect the provisions of the said Acts respectively in a proper and efficient manner.

12. Power to Board to expend money for purposes of schemes under 38 & 39 Vict. c. 36.] The Board may from time to time, during the year ending the thirty-first day of December one thousand eight hundred and eighty-two, expend for the purposes of schemes made by the Board under the authority of the Artizans and Labourers Dwellings Improvement Act, 1875, and confirmed by Provisional Order and Act of Parliament, such money as they think fit, not exceeding three hundred thousand pounds, or such further sum as the Treasury may approve.

The Board, in order to raise money for the purposes of this section, may from time to time create consolidated stock, but there shall be repaid (as provided by the Artizans and Labourers Dwellings Improvement Act, 1875) to the consolidated rate out of the local rate, as defined by the Artizans and Labourers Dwellings Improvement Act, 1875, all moneys required for payment of dividends on and the redemption of the consolidated stock created for the purposes of this section: Provided always, that the money to be raised and the consolidated stock to be created by the Board under this section shall be raised and created by them from time to time in such amounts and at such times only as the Board shall actually require, and as the Treasury shall approve, for the purpose of carrying such schemes into effect in a proper and efficient manner.

13. Special power to Board to expend money for purposes of main drainage and main sewers-21 & 22 Vict. c. 104-26 & 27 Vict. c. 68-28 & 29 Vict. c. 19-18 & 19 Vict. c. 120.] The Board may, up to the thirty-first day of December one thousand eight hundred and eighty-two, expend for the purpose of adding to, extending, enlarging, improving, and completing the works authorised by the Main Drainage Acts, and for rendering the same efficient in such manner as to them may seem proper, and for extending, enlarging, and improving the main sewers transferred to and vested in the Board under and by virtue of the Metropolis Management Act, 1855, and for making such other sewers and works, and such alterations and diversions of such existing main sewers, as may to them seem proper for the purpose of relieving, supplementing, and rendering such main sewers efficient, and for carrying into effect the several provisions in relation thereto mentioned in the said

Acts, such moneys as they may think fit, not exceeding four hundred thousand pounds, in addition to any moneys which they are authorised to expend under any Acts passed previously to the passing of this Act, and for such purposes the Board may from time to time create consolidated stock, and all the provisions of the Main Drainage Acts and the Metropolis Management Act, 1855, and the Acts altering or amending the same for the time being in force relating to the execution of works authorised by the said Acts respectively shall continue in force, and shall extend and apply respectively to the works executed by means of money raised in pursuance of this section, and all stock created under the authority of this section shall be deemed to be created for the purposes of the above-mentioned Acts respectively.

14. Expenses of inquiry as to markets.] The Board may, as part of their general expenses, pay all costs, charges, and expenses which may be incurred by them, up to the thirty-first day of December one thousand eight hundred and eighty-two, of and incidental to any inquiry to be instituted with respect to markets for the sale of food supplies within the metropolis, as defined by the Metropolis Management Act, 1855, and preliminary to, in, and incidental to the preparing, applying for, and obtaining an Act of Parliament with respect to such markets or any of such markets.

15. Power to Board to lend to vestry or district board18 & 19 Vict. c. 120.] Where a vestry or district board constituted under the Metropolis Management Act, 1855, desire, in pursuance of authority vested in them by Act of Parliament, to borrow money for the purpose of any work, or for the purpose of paying off any loan or debt, or for any other purpose, and it appears to the Board and to the Treasury expedient that the repayment of the money to be borrowed shall be spread over a series of years, then from time to time during the year ending the thirty-first day of December one thousand eight hundred and eightytwo the Board may lend to the vestry or district board, and the vestry or district board may borrow from the Board, such money as the Board think fit, and as the vestry or district board are authorised and desire to borrow.

The aggregate amount lent by the Board under this section shall not exceed two hundred thousand pounds.

The Board, in order to raise money for purposes of this section, may from time to time create consolidated stock. Money lent by the Board under this section shall, notwithstanding anything in any other Act, be repaid to them with interest within such time after the borrowing as the Board and the borrowers with the approval of the Treasury agree, not exceeding in case of a loan for purposes of improvements effected by the widening of streets or bridges, or for the purpose of purchase of land in fee simple, sixty years, and for any other purpose thirty

years.

The Board, in order to raise money for purposes of this section, may from time to time create consolidated stock. Money lent by the Board under this section shall, notwithstanding anything in any other Act, be repaid to them with interest within such time after the borrowing as the Board and the borrowers, with the approval of the Treasury, agree, not exceeding thirty years.

The Board shall from time to time carry to the consolidated loans fund such sums as the Treasury approve, as being in their opinion sufficient to redeem within the period for which the loan is made, not exceeding thirty years from the date of the creation of stock for purposes of this section, an amount of consolidated stock equal to that so created.

17. Extension of amount of loans by Board to managers of Metropolitan Asylum District-30 & 31 Vict. c. 6-32 & 33 Vict. c. 102.] The Board may from time to time during the year ending the thirty-first day of December one thousand eight hundred and eighty-two, lend to the managers of the Metropolitan Asylum District, in addition to the sums heretofore authorised to be lent by the Board to the said managers, such sums as the said managers are from time to time authorised by the Local Government Board to borrow in pursuance of the Metropolitan Poor Act, 1867, and any Acts altering or amending the same for the time being in force, not exceeding in the whole fifty thousand pounds, as though the said sums were included in the amount authorised to be lent for such purposes by section thirty-seven of the Metropolitan Board of Works (Loans) Act, 1869, and the Acts amending the

same.

The Board, in order to raise money for the purpose of this section, may from time to time create consolidated stock.

18. Power to Board to lend to School Board for London33 & 34 Vict. c. 75-36 & 37 Vict. c. 86.] The Board may from time to time during the year ending the thirty-first day of December one thousand eight hundred and eightytwo, lend to the School Board for London, in accordance with the provisions of the Elementary Education Acts, 1870 and 1873, and any Act or Acts altering or amending the same for the time being in force, such sums as the said School Board are from time to time authorised to borrow by the Education Department in pursuance of the said Acts, not exceeding in the whole the sum of six hundred thousand pounds.

The Board, in order to raise money for the purpose of this section, may from time to time create consolidated stock.

The moneys so lent by the Board shall be repaid to them by the said School Board with interest within such period, not exceeding fifty years, as may be agreed upon between the Board and the said School Beard, with the sanction of the Education Department, subject to the approval of the Treasury.

19. Power to Board to lend to corporations, burial boards, &c. -18 & 19 Vict. c. 120.] Where any corporation, body of commissioners, burial board, or other public body having power to levy directly or indirectly rates in respect of lands in the metropolis, as defined in the Metropolis Management Act, 1855, or to make charges on rates leviable in the metropolis as so defined, or to take within the metropolis as so defined dues or impositions in the nature of rates, desire in pursuance of authority vested in them to borrow money for the purpose of any work, or for the purpose of paying off any loan or debt, or for any other purpose, and it appears to the Board and to the Treasury expedient that the repayment of the money to be borrowed shall be spread over a series of years, then from time to time during the year ending the thirty-first day of December one thousand eight hundred and eighty-two the Board may lend to the corporation, commissioners, burial board, or other public body, and they may borrow from the Board, such money as the Board think fit, and as the corporation, commis sioners, burial board, or other public body are authorised

and desire to borrow.

The aggregate amount lent by the Board under this section shall not exceed one hundred thousand pounds. The Board, in order to raise money for the purposes of this section, may from time to time create consolidated stock.

Money lent by the Board under this section shall, not

withstanding anything in any other Act, be repaid to them with interest within such time after the borrowing as the Board and the borrowers with the approval of the Treasury agree, not exceeding in case of a loan for purposes of improvements effected by the widening of streets or bridges, or for the purpose of purchase of land in fee simple, sixty years, and for any other purpose thirty years.

In case of a loan required to be for not exceeding thirty years, the Board shall from time to time carry to the consolidated loans fund such sums as the Treasury approve, as being in their opinion sufficient to redeem within the period for which the loan is made, not exceed ing thirty years from the date of the creation of the stock for purposes of this section, an amount of consolidated stock equal to that so created.

vestry or district board constituted under the Metropolis Nothing in this section shall apply to the case of a

Management Act, 1855, a board of guardians, the man. agers of the Metropolitan Asylum District, or the School Board for London.

20. Power to Board to apply consolidated loans fund to make loans to local authorities, &c., in the metropolis ] Where the Board are authorised by this Act, or the Metropolitan Board of Works (Money) Act, 1880, to make a loan to a vestry or district board constituted under the Metropolis Management Act, 1855, or to a board of guardians of a union or parish wholly or for the greater part in the metropolis as defined by the Metropolis Management Act, 1855, or to the managers of the Metropolitan Asylum District, or to the School Board for London, or to any corporation, body of commissioners, burial board, or other public body, and are empowered, in order to raise money for any such loan, to create consolidated stock, and the loan is repayable within thirty years from the date of the loan, the Board, instead of raising money for any such loan by the creation of consolidated stock, may use for any such loan any moneys for the time being formning part of the consolidated loans fund, and not required for the payment of the dividends on consolidated stock.

21. Payment of expenses of Board in opposing 44 & 45 Vict. c. clx. in Parliament.] The Board may, as part of their general expenses, pay all costs, charges, and expenses incurred by them preliminary to, in, and incidental to their opposition to the East London Waterworks Com. pany Act, 1881, in Parliament.

22. Board may raise money by bills.] Notwithstanding anything in this Act or in any other Act relating to the Board contained, the Board, with the consent of the Treasury, may from time to time, as they think fit, raise any part of the moneys which they are by this Act authorised to raise, not exceeding in the whole the sum of five hundred thousand pounds, by the issue of bills under this Act.

23. Form and length of currency and interest on Metropelitan bills.] A bill under this Act (in this Act referred to as a "Metropolitan bill") shall be a bill in form prescribed by a regulation made in pursuance of this Act for the payment of the principal sum named therein, in the manner and at the date therein mentioned, so that the date be not less than three nor more than twelve months from the date of the bill.

Interest shall be payable in respect of a Metropolitan bill at such rate and in such manner as the Board, with the consent of the Treasury, may direct.

24. Payment and applications of proceeds of Metropolitan bills and charge of bills on consolidated rate] All moneys raised by the issue of any Metropolitan bills shall be paid to the Board, and shall be expended by them for the purposes for which the same are by this Act authorised to be raised respectively. The principal money and interest expressed in any Metropolitan bill to be payable shall be charged on the consolidated rate, and shall be payable out of the said rate, or, as regards principal, out of moneys raised by the creation of consolidated stock under this Act, for the purpose for which such principal money has been expended, and, as regards interest, out of the consolidated loans fund.

25. Mode of issue of Metropolitan bills.] With respect to the issue of Metropolitan bills the following provisions shall have effect:

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26. Regulations to be made by the Board as to issue, cancellation, &c., of Metropolitan bills. ] The Board may from time to time, with the consent of the Treasury, make, and when made rescind, alter, and add to, regulations for carrying into effect the provisions of this Act with respect to Metropolitan bills, and in particular

(1.) For regulating (subject to the provisions of this Act) the preparation, form, mode of issue, mode of payment, and cancellation of Metropolitan bills: (2.) For regulating the issue of a new Metropolitan bill in lieu of one defaced, lost, or destroyed: (3.) For preventing, by the use of counterfoils or of a special description of paper or otherwise, fraud in relation to the Metropolitan bills:

(4.) For the proper discharge to be given upon the pay. ment of a Metropolitan bill.

Every regulation purporting to be made in pursuance of this section shall be deemed to be within the powers of this Act, and shall have effect as if it were enacted in this Act.

27. Power to create consolidated stock partially suspended while Metropolitan bills authorised to be raised.] For the purpose of paying off the principal money of any Metropolitan bills the Board may raise any sum which they are by this Act empowered to raise by the creation of consolidated stock for the purposes for which such principal money has been expended, not exceeding the amount of such principal money; but, save as aforesaid, the powers given to the Board by this Act to raise moneys for any purposes by the creation of consolidated stock shall be suspended to the amounts and for the periods to and for which moneys are for the time being authorised by the Treasury to be raised for such purposes respectively by the issue of Metropolitan bills.

28. Application of certain provisions of 24 & 25 Vict. c. 98 to Metropolitan bills.] Sections eight, nine, ten, and eleven of the Act of the twenty-fourth and twenty-fifth years of the reign of Her present Majesty, chapter ninety-eight, intituled "An Act to consolidate and amend the Statute

Law of England and Ireland relating to indictable offences by forgery" (which sections relate to the forgery of and other frauds relating to Exchequer bills), shall apply to the Metropolitan bills, and shall have effect as if Ex. chequer bill" in those sections included " Metropolitan

bill

29. Arrangement with bank as to issue, &c., of Metropolitan bills.] The Board may enter into such arrangements with any bank approved by the Treasury for the carrying into effect the provisions of this Act with respect to the issue of the Metropolitan bills, and to the payment of the principal sum named therein, and to all matters relating thereto, and for the proper remuneration of such bank with reference thereto, as they may think proper and as may be approved by the Treasury.

30. 32 & 33 Vict. c. 102, s. 38, not to extend to money raised under this Act.] The limitation on the borrowing power of the Board contained in section thirty-eight of the Metropolitan Board of Works (Loans) Act, 1869, shall not extend to moneys raised by the Board for purposes mentioned in this Act.

31. Repayments to be carried to consolidated loans fund.] All sums received by the Board in respect of interest on or principal of any loan made by them under this Act shall be carried to the consolidated loans fund.

32. Limit to exercise by Board of borrowing powers.] During the year ending the thirty-first day of December one thousand eight hundred and eighty-two the Board shall not (except for such temporary period, not exceeding six months, as the Treasury may from time to time sanction) raise otherwise than in conformity with and to the extent mentioned in this Act any money under any powers of borrowing conferred upon the Board either by this Act or any other Act whatsoever : Provided always, that the limitations contained in this section and in section twentyseven of the Act of 1880 shall not extend to limit or control the raising of moneys under the authority of section thirtyfour of the Metropolitan Board of Works (Loans) Act, 1869, or of section eight of the Metropolitan Board of Works (Loans) Act, 1875, for the purposes in the said sections respectively mentioned.

33. Minutes of proceedings of Board to be printed.] From and after the passing of this Act the Board shall cause copies of the minutes of all proceedings of the Board, with the names of the members who attend each meeting, to be from time to time printed, and to be filed and kept under their direction at the principal office of the Board, and a copy of such minutes so printed and filed shall be signed by the members present, or any two of them, and all matters contained in any such copy so printed and filed, purporting to be so signed as aforesaid, shall be received as evidence without proof of any meeting of the Board having been duly convened or held, or of the presence at any such meeting of the persons named in any such printed copy as being present thereat, or of such persons being members of the Board, or of the signature of any person by whom any such copy purports to be signed, all which matters shall be presumed until the contrary be proved; and the copies of the minutes so printed, filed, and signed as aforesaid shall be in substitution for the entries of the proceedings of the Board, after the passing of this Act, required to be made, and for the books containing the same required to be kept under the direction of the Board by section sixty of the Metropolis Management Act, 1855, and all the provisions of the said Act referring or relating to such books as aforesaid shall, as to the minutes of proceedings of the said copies of the minutes so printed, filed, and signed as Board after the passing of this Act, refer and relate to the aforesaid, as though they were the books by the said section sixty required to be kept.

34. 38 & 39 Vict. c. 65, s. 15, amended as to salary of auditor.] Section fifteen of the Metropolitan Board of Works (Loans) Act, 1875, shall be read as if the words one hundred and fifty pounds were substituted for the words one hundred guineas.