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- Point in Time (01/02/1991)
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Version Superseded: 05/11/1993
Point in time view as at 01/02/1991.
There are currently no known outstanding effects for the National Film Finance Corporation Act 1981 (repealed 5.11.1993), Cross Heading: Loans for purpose of financing production of films.
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2(1)The Corporation shall not make a loan under section 2(1) to any person for the purpose of financing the production of a film or a programme of films unless he agrees to produce from time to time to the Corporation, as and when required by them to do so—
(a)an estimate of the cost of producing that film or, as the case may be, each film in that programme; and
(b)an estimate of the cost of producing any other films whose production he finances (in whole or in part) at any time before the loan is completely repaid, or in whose commercial success he has at any such time any financial interest.
(2)In making any such loan, and in exercising their other powers under this Act in relation to any such loan, the Corporation shall have regard to the amount which might reasonably be expected to be received by the person to whom the loan is made—
(a)from the distribution of the film or films whose production is to be financed by means of the loan; and
(b)to such extent (if any) as appears proper in the circumstances, from the distribution of films falling within sub-paragraph (1)(b).
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