Search Legislation

The Commonwealth Development Corporation (Raising of Limits on Borrowing and Advances) Order 1992

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

1992 No. 816

OVERSEAS DEVELOPMENT AND CO-OPERATION

The Commonwealth Development Corporation (Raising of Limits on Borrowing and Advances) Order 1992

Made

12th March 1992

Coming into force

12th March 1992

The Secretary of State, in exercise of the powers conferred on him by sections 9A(2) and 10(1) of the Commonwealth Development Corporation Act 1978(1) and now vested in him(2) and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order, a draft of which has been laid before Parliament and has been approved by resolution of the House of Commons:

1.—(1) This Order may be cited as the Commonwealth Development Corporation (Raising of Limits on Borrowing and Advances) Order 1992 and shall come into force forthwith.

(2) In this Order, unless the context otherwise requires–

the Act” means the Commonwealth Development Corporation Act 1978;

the Corporation” means the Commonwealth Development Corporation the continuation of which was confirmed by the Act.

2.  The limit on borrowing etc specified in section 9A(2) of the Act for the purposes of section 9A(1) thereof shall be £850 million.

3.  The limit on advances by the Secretary of State to the Corporation specified in section 10(1) of the Act shall be £800 million.

Douglas Hurd

One of Her Majesty’s Principal Secretaries of State

12th March 1992

We consent,

Irvine Patnick

Nicholas Baker

Two of the Lords Commissioners of Her Majesty’s Treasury

12th March 1992

Explanatory Note

(This note is not part of the Order)

This Order, which is made under sections 9A(2) and 10(1) of the Commonwealth Development Corporation Act 1978, increases the limit on borrowing etc by the Commonwealth Development Corporation from £750 million to £850 million, and the limit on advances made by the Secretary of State to the Corporation from £700 million to £800 million. The sums required by the Secretary of State for the purposes of such advances to the Corporation are paid out of money provided by Parliament.

(1)

1978 c. 2; section 9A was inserted by section 2 of the Commonwealth Development Corporation Act 1982 (c. 54). The limits contained in section 10(1) of the Act on the making of advances by the Secretary of State to the Corporation, were increased by section 3 of the Commonwealth Development Corporation Act 1982.

(2)

Article 2(1) of the Ministry of Overseas Development (Dissolution) Order 1979 (S.I. 1979/1451).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources