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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 132

1896 c.25

132.(1) The repeal shall not affect the operation of subsection (4) of section
fifteen of the Building Societies Act 1874 (which preserved the validity of
deposits and loans made before the commencement of that Act, notwithstanding
that they were beyond the limits of borrowing imposed by that section) in
relation to deposits and loans made before the commencement of that Act.

(2) The repeal shall not affect the operation of any of the provisions of the
Building Societies Act (Northern Ireland) 1940 in relation to any advance
which was made before the commencement of that Act, or which, by virtue of
section 16(4) of that Act, was deemed to have been so made or (in the case of
an advance made after the commencement of this Act) would have been deemed to
have been so made if this Act had not been passed.

(3) Nothing in this Act shall affect the powers of a society of Great Britain
to advance money on the security of a charge on registered land created under
section 40 of the Local Registration of Title (Ireland) Act 1891.

(4) The inclusion in this Act of any express saving or transitional provision,
or of any express reference to any of the enactments repealed by this Act,
shall not be taken as prejudicing the operation of sections 28 and 29 of the
Interpretation Act (Northern Ireland) 1954, (which relate to the effect of
repeals) or as affecting the generality of section 131.

(5) In this section "the repeal" means the repeal and revocation effected by
section 130.

© 1967 Crown Copyright

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