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Mental Treatment Act, 1945
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Limit on borrowing.

45.—(1) The amount standing at any particular time borrowed by a mental hospital authority which is a joint board, or by a council of a county or corporation of a county borough as a mental hospital authority, shall not exceed one-fourth of the total amount of the valuations appearing in the valuation lists for the time being in force under the Valuation Acts in the mental hospital district of such mental hospital authority.

(2) The amount standing at any particular time borrowed by a council of a county as a mental hospital authority shall not be reckoned as part of the total debt of the council for the purpose of the limitation on borrowing imposed by Article 22 of the Schedule to the Local Government (Application of Enactments) Order, 1898.