Maximum borrowingN.I.
6. In Article 6 of the 1993 Order (borrowing by funds) for paragraph (5) there shall be substituted the following paragraph—
“(5) The order establishing a trading fund shall provide that the aggregate of the following shall not exceed the maximum specified in the order—
(a)the total outstanding at any given time in respect of amounts issued to the fund under this Article (other than as originating debt), and
(b)the total at that time constituting public dividend capital issued to the fund under Article 5(2);
and that maximum (or that maximum as varied by a subsequent order) shall be observed accordingly.”.