3Increase of limit on advances by Secretary of State to the Corporation
(1)In section 10(1) of the [1978 c. 2.] Commonwealth Development Corporation Act 1978 (which, subject to a financial limit, provides for the making of advances by the Secretary of State to the Corporation)—
(a)for "£480 million" there shall be substituted " £700 million " ; and
(b)for "£550 million" there shall be substituted " £800 million ".
(2)In section 10(2) of that Act (order increasing limit on advances to be approved by a resolution of the House of Commons), after " has been " there shall be inserted " laid before and ".