Regulation 49
Maximum deductions allowed
of Town Councils Financial Rules
Subsidiary LegislationIn forceProvision 78 of 121
Regulation 49
In considering the loan application, the loan shall not be approved if an officer’s instalment payment to redeem his loan commitments or debts, including the proposed loan, is more than 50% of his monthly gross pay unless the Town Council is satisfied that the officer is able to afford these deductions.