Commonwealth Development Corporation Act 1995 (repealed 8.12.1999)
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Change 1
1 Alteration of limits on borrowing etc.
(1) In section 9A(2) of the Commonwealth Development Corporation Act 1978 (which imposes a limit of £750 million, or such larger sum not exceeding £850 million as may be specified by order, on the total amount outstanding in respect of sums borrowed or guaranteed by the Corporation or any of its subsidiaries)— (a) for “£750 million” there shall be substituted “ £1,100 million ”; and (b) for “£850 million” there shall be substituted “ £1,500 million ”. (2) In subsection (1) of section 10 of that Act (which provides for the making of advances by the Secretary of State to the Corporation up to a certain limit), the words “up to” onwards shall cease to have effect.
1 Alteration of limits on borrowing etc.
(1) In section 9A(2) of the Commonwealth Development Corporation Act 1978 (which imposes a limit of £750 million, or such larger sum not exceeding £850 million as may be specified by order, on the total amount outstanding in respect of sums borrowed or guaranteed by the Corporation or any of its subsidiaries)— (a) for “£750 million” there shall be substituted “ £1,100 million ”; and (b) for “£850 million” there shall be substituted “ £1,500 million ”. (2) In subsection (1) of section 10 of that Act (which provides for the making of advances by the Secretary of State to the Corporation up to a certain limit), the words “up to” onwards shall cease to have effect.
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