The Control of Borrowing (Amendment) Order 1988

Made22nd February 1988

Laid before Parliament24th February 1988

Coming into force18th March 1988

The Treasury, in exercise of the powers conferred upon them by sections 1 and 3(4) of the Borrowing (Control and Guarantees) Act 19461 and of all other powers enabling them in that behalf, hereby make the following Order:

1

This Order may be cited as the Control of Borrowing (Amendment) Order 1988 and shall come into force on 18th March 1988.

2

The Control of Borrowing Order 19582 shall be amended by substituting for the definition of “the scheduled territories” in article 13(1) the following—

“the scheduled territories” means the United Kingdom, the Channel Islands, the Isle of Man, the Republic of Ireland and Gibraltar;

Michael NeubertMark Lennox-BoydTwo of the Lords Commissioners of Her Majesty’s Treasury22nd February 1988

(This Note is not part of the Order)

This Order amends the definition of “the scheduled territories” in article 13(1) of the Control of Borrowing Order 1958 by substituting a list of the territories covered by the expression for the definition in the Exchange Control Act 1947 (c. 14; now repealed).