This Act may be cited as the City of Nelson Loans Conversion and Empowering Amendment Act, 1916, and shall form part of and be read together with the City of Nelson Loans Conversion and Empowering Act, 1913 (hereinafter referred to as the principal Act).

Section five of the principal Act is hereby amended by omitting from paragraph (a) the word “fourteen,” and substituting therefor the word “sixteen”; and by omitting from the same paragraph the words “twenty-six thousand pounds,” and substituting therefor the words “thirty thousand pounds.”

Section fifteen of the principal Act is hereby amended by omitting from subsection one thereof the word “four,” and substituting therefor the words “four pounds ten shillings.”

Section sixteen of the principal Act is hereby amended by omitting the words “four and one-half per centum,” and substituting therefor the words “five pounds five shillings per centum.”