SCHEDULES
SCHEDULE 7Finances and accounts of transferee companies
Government lending to transferee companies
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1
Subject to paragraphs 5 and 6, the Secretary of State may, with the approval of the Treasury, make loans of such amounts as he thinks fit to—
a
a designated BNFL company which is publicly controlled; or
b
a publicly controlled transferee company which is not a designated BNFL company.
2
Loans which the Secretary of State makes under this paragraph must be repaid to him at such times and by such methods as he may direct from time to time.
3
Interest on such loans must be paid to the Secretary of State at such rates and at such times as he may so direct.
4
The approval of the Treasury is required for a direction under sub-paragraph (2) or (3).
5
The Secretary of State must pay sums received by him by virtue of this paragraph into the Consolidated Fund.