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”.
1978 c. 2.
(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.