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National Loans Act 1968

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Changes over time for: SCHEDULE 1

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Version Superseded: 05/11/1993

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Point in time view as at 01/02/1991.

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There are currently no known outstanding effects for the National Loans Act 1968, SCHEDULE 1. Help about Changes to Legislation

Section 2.

SCHEDULE 1U.K. Government Lending and Advances

SectionSubject matterAmendment
F1... F1... F1...
Coal Industry Nationalisation Act 1946 (1946 c. 59)
28(1)(b)Interest on loans to National Coal Board at rate directed by the Minister with approval of TreasuryRate of interest to be [F2determined] in accordance with this Act.
28(2)Interest on loans to National Coal Board to be paid into ExchequerSums received under section 28(1)(b) shall be paid into the National Loans Fund, and not into Exchequer.
34(1)Loans to National Coal BoardFor “Consolidated Fund” read “National Loan Fund”.
New Towns Act 1946 (1946 c. 68)
12(1)Advances to development corporations in Scotland on terms approved by the TreasuryRate of interest to be [F2determined] in accordance with this Act.
12(3)Advances to development corporationsFor “Consolidated Fund” read “National Loans Fund”.
12(5), 13(4)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
F3... F3... F3...
Armed Forces (Housing Loans) Act 1949 (1949 c. 77)
1(3)(a)(c)Repayment out of Votes into ExchequerFor “Exchequer” read “National Loans Fund”.
Miscellaneous Financial Provisions Act 1950 (1950 c. 21)
2(1)Loans to Northern Ireland GovernmentFor “Consolidated Fund of the United Kingdom” read “National Loans Fund”.
2(3)Repayment into ExchequerFor references to the Exchequer substitute references to the National Loans Fund.
Rate of interest to be [F2determined] in accordance with this Act.
Housing (Scotland) Act 1950 (1950 c. 34)
94(1)Advances to Scottish Special Housing Association on terms approved by the TreasuryRate of interest to be [F2determined] in accordance with this Act.
94(2)Issue of advances out of Consolidated FundFor “Consolidated Fund” read “National Loans Fund”.
94(4)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
F4... F4... F4...
Finance Act 1956 (1956 c. 54)
42(6)Repayment of advances to nationalised industriesFor “Exchequer” read “National Loans Fund”.
Electricity Act 1957 (1957 c. 48)
In section 15(7) (defining “Exchequer advances”) and throughout the rest of the Act, for “Exchequer advances” substitute “Government advances”.
F5... F5... F5...
Armed Forces (Housing Loans) Act 1958 (1958 c. 1—7 & 8 Eliz. 2.)
2Method of repayment into Exchequer of issues under Armed Forces (Housing Loans) Act 1949For “Exchequer” read “National Loans Fund” throughout.
In subsection (2) of the said section 2 for the words from “be applied” to the end of the subsection substitute “be treated as a payment in satisfaction of an amount of principal”.
F6... F6... F6...
F7... F7... F7...
Covent Garden Market Act 1961 (1961 c. 49)
40(1)Advances to Covent Garden Market AuthorityFor “Consolidated Fund of the United Kingdom” read “National Loans Fund”.
40(4)Interest at a rate directed by the Minister with approval of TreasuryRate of interest to be [F2determined] in accordance with this Act.
40(6)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
F8... F8... F8...
Housing (Scotland) Act 1962 (1962 c. 46)
11(5)Advances to housing associations, and, through section 18(3), to Scottish special Housing AssociationFor “Consolidated Fund” read “National Loans Fund”.
11(6)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
Transport Act 1962 (1962 c. 46)
20(2)Loans to Transport Boards bearing interest at rate directed by the Minister with approval of TreasuryRate of interest to be [F2determined] in accordance with this Act.
20(3)Issue of loans out of Consolidated FundFor “Consolidated Fund” read “National Loans Fund”.
20(5)(6)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
39(8)Payment into Exchequer in respect of commencing capital debtFor “Exchequer” read “National Loans Fund”.
F9... F9... F9...
F10... F10... F10...
Harbours Act 1964 (1964 c. 40)
F11... F11... F11...
11(1)Loans for execution of harbour works etc.For “Consolidated Fund” read “National Loans Fund”.
43(1)Loans under ss. 6 and 11 to bear interest at a rate directed by the Minister with approval of TreasuryRate of interest to be [F2determined] in accordance with this Act.
43(2)Issue of loans out of Consolidated FundFor “Consolidated Fund” read “National Loans Fund”.
43(4)(5)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
Housing Act 1964 (1964 c. 56)
F12... F12... F12...
F12..., 10(4)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
Armed Forces (Housing Loans) Act 1965 (1965 c. 9)
Part II of Schedule Section 1 of Armed Forces (Housing Loans) Act 1949 set out as amendedIn section 1(3)(a)(c) for “Exchequer” read “National Loans Fund”.
F13... F13... F13...
[F14New Towns Act 1981 (1981 c. 64)]
[F1558(1)(5)(6)]Loans to development corporations and the Commission for the New Towns on terms approved by TreasuryRate of interest to be [F2determined] in accordance with this Act.
F16... F16... F16...
F17... F17... F17...
Military Aircraft (Loans) Act 1966 (1966 c. 15)
1(1)Issues for the purchase of military aircraft etc.For “Consolidated Fund” read “National Loans Fund”.
2(1)Repayment out of Votes into ExchequerFor “Exchequer” read “National Loans Fund”.
Docks and Harbours Act 1966 (1966 c. 28)
41(9)(10)Payment into Exchequer of amounts in respect of debt assumed under a harbour revision order or harbour reorganisation schemeFor “Exchequer” read “National Loans Fund”.
F18... F18... F18...
Tees and Hartlepools Port Authority Act 1966 (c. xxv)
32(6)(7)Repayment out of Votes into ExchequerFor “Exchequer” read “National Loans Fund”.
Rate of interest to be [F2determined] in accordance with this Act.
Land Commission Act 1967 (1967 c. 1)
3(1)Government Loans to Land CommissionFor “Consolidated Fund” read “National Loans Fund”.
3(4)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
Rate of interest to be [F2determined] in accordance with this Act.
F19... F19... F19...
Air Corporations Act 1967 (1967 c. 33)
8(2)Loans to air corporations bearing interest at rate directed by Board of Trade with approval of the TreasuryRate of interest to be [F2determined] in accordance with this Act.
8(3)Issue of loans out of Consolidated fundFor “Consolidated Fund” read “National Loans Fund”.
8(5)(6)Repayment into ExchequerFor “Exchequer” read “National Loans Fund”.
F20... ... ...

Textual Amendments

F3Entry relating to Gas Act 1948 repealed by Gas Act 1972 (c. 60), s. 49(4), Sch. 8

F5Entry relating to Housing (Financial Provisions) Act 1958 repealed by Housing (Consequential Provisions) Act 1985 (c. 71, SIF 61), s. 3, Sch. 1 Pt. I

F6Entry relating to House Purchase and Housing Act 1959 repealed by Housing (Consequential Provisions) Act 1985 (c. 71, SIF 61), s. 3, Sch. 1 Pt. I

F7Entry relating to Post Office Act 1961 repealed by 1969 c. 48, s. 141, Sch. 11 Pt. II

F9Entry relating to Electricity and Gas Act 1963 repealed by Electricity Act 1989 (c. 29, SIF 44:1), s. 112(3)(4), Sch. 17 para. 35(1), Sch. 18

F10Entry relating to the Shipbuilding Credit Act 1964 repealed by Statute Law (Repeals) Act 1986 (c. 12), s. 1(1), Sch. 1 Pt. III

F11Entry relating to section 6(1)(b) of the Harbours Act 1964 repealed by Transport Act 1981 (c. 56, SIF 58), s. 40, Sch. 12 Pt. II

F12Entries relating to section 9(1)(3)(5) of Housing Act 1964 repealed by Housing Act 1974 (c. 44), s. 130, Sch. 15

F13Entry relating to Airports Authority Act 1965 repealed by Airports Authority Act 1975 (c. 78), s. 25(3), Sch. 6

F14Entry heading "New Towns Act 1981" substituted for "New Towns Act 1965" by virtue of New Towns Act 1981 (c. 64, SIF 123:3), s. 81, Sch. 12 para. 2

F15 Reference to section “58(1)(5)(6)” substituted for “42(1)(4)(5)” in entry relating to New Towns Act 1981 by New Towns Act 1981 (c. 64, SIF 123:3), s. 81, Sch. 12 para. 2(a)

F16References to sections 44(1)(3), 45, 46(5) in entry relating to New Towns Act 1981 repealed by New Towns Act 1981 (c. 64, SIF 123:3), s. 81, Sch. 12 para. 2(b), Sch. 13

F17Entry relating to Redundancy Payments Act 1965 repealed by Employment Protection (Consolidation) Act 1978 (c. 44), s. 159(3), Sch. 17

F18Entry relating to Industrial Reorganisation Corporation Act 1966 repealed by Industry Act 1971 (c. 17), s. 3(2), Sch. 2

F19Entry relating to Iron and Steel Act 1967 repealed by Iron and Steel Act 1975 (c. 64), s. 38(3), Sch. 7

F20Entry relating to Shipbuilding Industry Act 1967 repealed by Industry Act 1972 (c. 63), s. 19(3), Sch. 4 Pt. II

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