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The Foreign Compensation (Financial Provisions) Order 1993

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Statutory Instruments

1993 No. 224

FOREIGN COMPENSATION

The Foreign Compensation (Financial Provisions) Order 1993

Made

9th February 1993

Laid before Parliament

19th February 1993

Coming into force

30th March 1993

At the Court at Buckingham Palace, the 9th day of February 1993

Present,

The Queen’s Most Excellent Majesty in Council

Her Majesty, by virtue and in exercise of the powers conferred upon Her in that behalf by section 7(2) of the Foreign Compensation Act 1950(1) or otherwise in Her Majesty vested, is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered, as follows:

1.  This Order may be cited as the Foreign Compensation (Financial Provisions) Order 1993 and shall come into force on 30th March 1993.

2.  The Foreign Compensation Commission shall pay into the Consolidated Fund not later than 31st March 1993 out of the compensation funds named in Column 1 of the Schedule to this Order the amounts specified in Column 2 of the Schedule which are hereby determined to be the amounts of the expenses of the Commission during the periods specified in Column 3 of the Schedule attributable to the discharge by the Commission of their functions in relation to the distribution of sums from those compensation funds.

N. H. Nicholls

Clerk of the Privy Council

SCHEDULE

(1)(2)(3)
Name of fundAmountPeriod
The Union of Soviet Socialist Republics (Tsarist Assets) Fund£5,177

1st October 1991

30th September 1992

The People’s Republic of China Fund£73,654

1st October 1991

30th September 1992

Explanatory Note

(This note is not part of the Order)

This Order, which is made under section 7(2) of the Foreign Compensation Act 1950, directs the Foreign Compensation Commission to pay into the Consolidated Fund, out of the funds paid to the Commission for the purpose of being distributed under the said Act, an amount in respect of the Commission’s expenses in relation to those funds during the periods specified in the Schedule to the Order.

(1)

1950 c. 12; the application of section 7(2) was extended by section 3(3) of the Foreign Compensation Act 1962 (c. 4).

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