GENERAL KNOWLEDGE

Detailed explanation-1: -An Act to give additional powers to Courts to deal in certain cases with usurious loans of money or in kind. WHEREAS it is expedient to give additional powers to Court to deal. in certain cases with usurious loans of money or in kind; It is hereby.

Detailed explanation-2: -Local authorities may borrow money from a number of different sources. These include borrowing on the markets; using the Public Works Loan Board; or municipal bonds. However, they cannot breach the overall limits on their borrowing set by the Prudential Code regime.