Public Works Loans Act 1944  Local Authorities Loans Act 1945  ( a ) 1944 c.16.  ( b ) 1945 c.18.  10 54.  In section 10 (interpretation) at the end insert ““local loan” has the meaning given in section  3(12) of the National Loans Act 1968.”.  53.  In section 7 (power to carry loans to consolidated loans funds and loans pools) for “Public  Works Loan Commissioners” substitute “Treasury, as a local loan,”.  (5) In subsection (3) –  (4) In subsection (2) –  (3) In subsection (1) for “Public Works Loan Commissioners” substitute “Treasury, as a local  loan,”.  (2) In the heading, for “loans made by Public Works Loans Commissioners” substitute “local  loans made by the Treasury”.  52. —(1) Section 4 (repayment of loans made by Public Works Loan Commissioners) is  amended as follows.  51. —(1) Section 2 (amendment of Public Works Loans Act 1875) is amended as follows.  50.  The Local Authorities Loans Act 1945( b ) is amended as follows.  (2) In subsection (2) for “a loan made thereunder” substitute “a local loan”.  (3) Subsection (3) is omitted.  (4) In subsection (2) –  (3) In subsection (1) –  (2) In the heading for “secretary of Public Works Loan Commissioners, in event of illness, etc,  by assistant secretary” substitute “the Public Works Loans Secretary in event of illness, etc”.  49. —(1) Section  4  (performance  of  functions  of  secretary  of  Public  Works  Loan  Commissioners, in event of illness, etc, by assistant secretary) is amended as follows.  48.  The Public Works Loans Act 1944( a ) is amended as follows.  (a) for “Public Works Loan Commissioners” substitute “Treasury”;  (b) for “their secretary” in the first place occurring substitute “the person holding office as  the Public Works Loans Secretary (see section 6 of the Public Works Loans Act 1875)”;  (c) for “any of their” substitute “any of his”;  (d) for “their secretary” in the second place occurring substitute “the Public Works Loans  Secretary”; and  (e) for “the secretary” substitute “the Public Works Loans Secretary”.  (a) omit “of the said Commissioners”; and  (b) omit “by the said Commissioners”.  (a) for “said Act” substitute “Public Works Loans Act 1875”; and  (b) for “from the said Commissioners, or to prevent the said Commissioners or” substitute  “or to prevent”.  (a) for “the said Commissioners” substitute “the Treasury, as a local loan,”; and  (b) for “the Commissioners” substitute “the Treasury”. 