37.—(1) Each enactment specified in column (2) of the Schedule to this Act is hereby repealed to the extent specified in column (3) of that Schedule opposite the enactment so specified.

(2) Any repeal of enactments effected by this section shall not affect any provision of a loan agreement or mortgage contract, or the enforcement thereof, entered into by a housing authority under a provision being repealed.

(3) Notwithstanding subsection (2), if a housing authority think fit and with the agreement of the person to whom the loan was made or his successor in title, the authority may, in relation to a loan made under a provision being repealed by virtue of this section, apply the provisions of regulations made pursuant to section 11 (13) (r) to such loan.

(4) Notwithstanding any repeal effected by this section the provisions of the relevant enactment shall continue in force and have full effect in relation to a loan made by a housing authority under a provision being repealed.

(5) A regulation made under a provision repealed by this section and in force immediately before the commencement of this section shall, in so far as it could have been made under a corresponding provision of this Act, continue in force after such commencement and be deemed to have been made under the corresponding provision of this Act and may be amended or revoked accordingly.