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Shipbuilding Act 1982
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- 1982 c. 4
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1Limit on borrowing etc. of British Shipbuilders.
(1)In section 11(7) of the [1977 c. 3.] Aircraft and Shipbuilding Industries Act 1977 (which imposes an overall limit, increased from £500 million to £600 million by the [S.I. 1981/1726.] British Shipbuilders Borrowing Powers (Increase of Limit) Order 1981, on certain sums borrowed by British Shipbuilders and its wholly owned subsidiaries and on its public dividend capital) for " £500 million " and " £600 million " (which were substituted by section 1 of the [1979 c. 59.] Shipbuilding Act 1979) there shall be substituted respectively " £700 million " and " £800 million ".
(2)Section 1 of the Shipbuilding Act 1979 is hereby repealed and the British Shipbuilders Borrowing Powers (Increase of Limit) Order 1981 is hereby revoked.
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