Updated: Sunday June 07, 2015/AlAhad Sha'ban 20, 1436/Ravivara Jyaistha 17, 1937, at 05:31:40 PM

The Local Authorities Loans Act, 1914

ACT No. IX OF 1914

[28th February, 1914]

An Act to consolidate and amend the law relating to the grant of loans to Local Authorities.

WHEREAS it is expedient to consolidate and amend the law relating to the borrowing powers of local authorities;

It is hereby enacted as follows:‑--

1. Short title and extent.‑(1) This Act may be called the Local Authorities Loans Act, 1914.

[(2) It extends to the whole of Pakistan.]

2. Definition- In this Act, “local authority” means any person legally entitled to the control or management of any local or municipal fund, or legally entitled to impose any cess, rate, duty or tax within any local area ;

“funds”, used with reference to any local authority, includes any local or municipal fund to the control or management of which such authority is legally entitled, and any cess, rate, duty or tax which such authority is legally entitled to impose, and any property vested in such authority;

“prescribed” means prescribed by rules made under this Act ; and

“work” includes a survey, whether incidental to any other work or not ;

3[“the Government” or “the appropriate Government” means, in relation to cantonment authorities and in relation to port authorities in major ports, the 4[Federal Government], and in relation to other local authorities, the Provincial Government.]

1For Statement of Objects and Reasons, see Gazette of India, 1914, Pt. V, p. 5 ; for Report of Select Committee, see ibid., 1914 Pt. V, p. 17 ; and for Proceedings in Council, see ibid., 1914, Pt. VI, pp. 64, 159, 189 and 496.

The Act was extended to Baluchistan under s. 5 of the Scheduled Dis­tricts Act, 1874 (14 of 1874), see Gazette of India, 1915, Pt. II., p. 424.

This Act has been extended to the Leased Areas of Baluchistan, see the Leased Areas (Laws) Order, 1950 (G. G. O. 3 of 1950) ; and applied in the Federated Areas of Baluchistan, see Gazette of India, 1937, Pt. I:, p. 1499.

The Act has been extended and shall be deemed to have been so ex. tended on the 14‑10‑1955 to the whole of Pakistan by the Central Laws (Statute Reform) Ordinance, 1960 (21 of 1960), s. 3 and Sch.

The provision of this Act shall apply to all loans borrowed under the Karachi Joint Water Board Ordinance, 1949 (13 of 1949), so far as the said provisions are not inconsistent with the provisions of the Ordinance, see s. 14 of Ordinance 13 of 1949.

2Subs. by Ordinance 21 of 1960, s. 3 and 2nd Sch. (with effect from the 14th October, 1955), for the original sub‑section (2) as amended by A. O.; 1949, Sch.

3Ins. by A. O., 1937.

4Subs. by F.A.O., 1975, Art. 2 and Table, for “Central Government”.

 

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