The National Health Service Trusts (Originating Capital Debt) (Wales) Order 1998

Statutory Instruments

1998 No. 771

NATIONAL HEALTH SERVICE, ENGLAND AND WALES

The National Health Service Trusts (Originating Capital Debt) (Wales) Order 1998

Made

6th March 1998

Coming into force

31st March 1998

The Secretary of State for Wales, in exercise of the powers conferred on him by section 9(1) and (4) of the National Health Service and Community Care Act 1990(1) and of all other powers enabling him in that behalf, with the consent of the Treasury(2), hereby makes the following Order:

Citation, commencement and interpretation

1.—(1) This Order may be cited as the National Health Service Trusts (Originating Capital Debt) (Wales) Order 1998 and shall come into force on 31st March 1998.

(2) In this Order “the Schedule” means the Schedule to this Order.

Originating capital debt of NHS Trusts

2.—(1) The originating capital debt of an NHS trust specified in column 1 of the Schedule shall be of the amount specified opposite it in column 2 of the Schedule.

(2) Each originating capital debt specified in column 2 of the Schedule shall be divided between an initial loan of an amount specified opposite it in column 3 of the Schedule and public dividend capital of an amount specified opposite it in column 4 of the Schedule.

Signed by authority of the Secretary of State for Wales

Win Griffiths

Parliamentary Under Secretary of State, Welsh Office

27th February 1998

We consent,

Graham Allen

Bob Ainsworth

Two of the Lords Commissioners of Her Majesty’s Treasury

6th March 1998

Article 2

SCHEDULE

(1)	(2)	(3)	(4)
NHS Trust	Originating Capital Debt	Initial Loan	Public Dividend Capital
	£	£	£
Cardiff Community Healthcare	56,313,000	28,156,500	28,156,500
Glan Hafren	86,935,335	43,467,667	43,467,668
Bridgend and District	48,259,685	24,129,843	24,129,842
Glan y Mor	62,702,881	31,351,441	31,351,440
North Glamorgan	44,284,000	22,142,000	22,142,000
Pembrokeshire and Derwen	34,216,000	17,108,000	17,108,000
West Wales Ambulance	5,652,008	2,826,004	2,826,004

Explanatory Note

(This note is not part of the Order)

This Order determines the amount of the originating capital debt, provided for in section 9 of the National Health Service and Community Care Act 1990, of certain NHS trusts established under that Act. It provides also for the splitting of the originating capital debt into loan and public dividend capital.

(1)

1990 c. 19.

(2)

See section 9(8) of the National Health Service and Community Care Act 1990.