Jersey Law 23/1960
BUILDING LOANS (AMENDMENT No.4) (JERSEY), LAW 1960.
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A LAW to
amend the Building Loans (Jersey) Law, 1950, sanctioned by Order of Her Majesty
in Council of the
26th day of OCTOBER, 1960.
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(Registered on the 19th day of November, 1960)
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STATES OF JERSEY.
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The 11th day of
February, 1960.
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THE STATES, subject to the sanction of
Her Most Excellent Majesty in Council, have adopted the following Law: -
ARTICLE 1
The following provisions of the Building Loans (Jersey) Law, 1950, as amended
(hereinafter referred to as “the principal Law”), are hereby
repealed, namely –
(a) in sub-paragraph (a) and in sub-paragraph (b) of Article 3, the words
“not exceeding twenty perches in area”;
(b) in paragraph (1) of
Article 4, the words “who either” and
sub-paragraphs (a), (b) and (c);
(c) paragraph (3) of
Article 6;
(d) in sub-paragraph (a) and in sub-paragraph (b) of Article 8, the words
“or three thousand pounds sterling, whichever is the less”;
(e) in sub-paragraph (c) of Article 8,6 the words
“or two thousand pounds sterling, whichever is the less”;
(f) in sub-paragraph
(d) of Article 8,6 the words
“or one thousand seven hundred and fifty pounds sterling, whichever is
the less”.
ARTICLE 2
In paragraph (3) of Article 5 of the principal Law, for the word “thirty” there shall be
substituted the word “forty”.
ARTICLE 3
At the beginning of Article 7 of the principal Law5 there shall be
inserted the words “Save as may otherwise be provided by regulations made
under Article 15 of this Law”, and the same words, where they
subsequently appear in that Article, shall be deleted.
ARTICLE 4
In sub-paragraph (a) and
in sub-paragraph (b) of Article 8 of
the principal Law, for the word
“ninety” there shall be substituted the word
“ninety-five”.
ARTICLE 5
(1) In
the proviso to sub-paragraph (a) of
paragraph (1) of Article 12 of the principal Law,
immediately after the words “Article 4 of this Law” there shall be
inserted the words “or of any regulations made under Article 15 of this
Law”.
(2) Immediately
after sub-paragraph (h) of the said
paragraph (1) there shall be inserted the following sub-paragraph –
“(i) where the area of land on
which the loan is secured exceeds one vergée,
the land shall be kept clean and in a good state of cultivation and fertility,
and in good condition, and all reasonable steps shall be taken to secure the
maintenance of the buildings thereon to the extent necessary for the proper
cultivation and working of the land;”.
(3) In
sub-paragraph (k) of the said
paragraph (1), for the words “sub-paragraphs (g), (h) or (j) of this paragraph” there shall
be substituted the words “sub-paragraphs (g), (h), (i) or (j) of this paragraph”.
ARTICLE 6
For Article 15 of the principal Law there
shall be substituted the following Article –
“ARTICLE 15
REGULATIONS
The States may make regulations for an purpose for which
regulations may be made under this Law, for restricting the powers conferred on
the Committee by this Law or regulating the exercise of such powers, for
prescribing the forms of contract to be passed for the purposes of this Law,
for providing that in such cases as may be prescribed by the regulations the
costs incurred in connexion with the passing of
contracts of creation of a simple conventional hypothec to secure a loan shall
be paid out of the Fund and generally for the purpose of carrying this Law into
effect.”.
ARTICLE
This Law may be cited as the Building Loans (Amendment No. 4)
(Jersey) Law, 1960, and this Law and the Building Loans (Jersey) Laws, 1950 to
1956, may be cited together as the Building Loans (Jersey) Laws, 1950 to 1960.
To be printed, published and posted.
F. DE L. BOIS,
Greffier of the States.