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Armed Forces (Housing Loans) Act 1949

United Kingdom · statute

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In force since 1993-11-05, as the publisher states.

Copy read on 2026-11-09. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

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Contents: 3 provisions
  1. Title and introductory text
  2. 1 Provision of money for housing accommodation for married persons serving in, or employed in connection with, the armed forces of the Crown.
  3. 2 Short title.

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3 provisions

Title and introductory text

Armed Forces (Housing Loans) Act 1949 1949 c.77 An Act to provide money for the provision of housing accommodation in Great Britain for married persons serving in, or employed in connection with, the armed forces of the Crown, and for purposes connected therewith. [16th December 1949]

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1 Provision of money for housing accommodation for married persons serving in, or employed in connection with, the armed forces of the Crown.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) The following provisions of this subsection shall have effect as respects the repayment of sums issued under subsection (1) of this section, that is to say— (a) the aggregate of the sums so issued in any financial year shall be repaid into the National Loans Fund, as mentioned in the next following paragraph, with interest thereon at such rate as the Treasury may determine, the said interest accruing, as respects the whole aggregate, from the end of that year; (b) the said aggregate shall be repaid by sixty equal annual instalments of principal and interest combined, the first of such instalments falling due at the end of the financial year next following that in which the sums in question were issued and one of the remainder falling due at the end of each of the fifty-nine succeeding financial years; (c) any instalment to be paid into the National Loans Fund under the last foregoing paragraph shall be paid out of moneys provided by Parliament for the service of the Ministry of Defence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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2 Short title.

This Act may be cited as the Armed Forces (Housing Loans) Act, 1949.

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