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The Commonwealth Development Corporation (Raising of Limits on Borrowing and Advances) Order 1992
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- 1992 No. 816
- Explanatory Note
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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.
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