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The National Health Service Trusts (Originating Capital Debt) Order 1993
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Statutory Instruments
1993 No. 413 (S.42)
NATIONAL HEALTH SERVICE, SCOTLAND
The National Health Service Trusts (Originating Capital Debt) Order 1993
Made
24th February 1993
Coming into force
14th March 1993
The Secretary of State, in exercise of the powers conferred on him by section 12E(1) and (4) of the National Health Service (Scotland) Act 1978((1)), and of all other powers enabling him in that behalf, with the consent of the Treasury, hereby makes the following Order:
Citation, commencement and interpretation
1.—(1) This Order may be cited as the National Health Service Trusts (Originating Capital Debt) Order 1993 and shall come into force on 14th March 1993.
(2) In this Order “the Schedule” means the Schedule to this Order.
Originating capital debt of NHS trusts
2.—(1) The originating capital debt of an NHS trust specified in column 1 of the Schedule shall be of the amount specified opposite it in column 2 of the Schedule.
(2) Each originating capital debt specified in column 2 of the Schedule shall be divided between an initial loan of an amount specified opposite it in column 3 of the Schedule and public dividend capital of an amount specified opposite in column 4 of the Schedule.
Fraser of Carmyllie
Minister of State, Scottish Office
19th February 1993
We consent,
Gregory Knight
Irvine Patnick
Two of the Lords Commissioners of Her Majesty’s Treasury
24th February 1993
Article 2
SCHEDULEORIGINATING CAPITAL DEBTS
| Column 1 | Column 2 | Column 3 | Column 4 |
|---|---|---|---|
| NHS TRUST | Originating Capital Debt | Initial Loan | Public Dividend Capital |
| £ | £ | £ | |
| Aberdeen Royal Hospitals NHS Trust | 130,031,375 | 65,015,688 | 65,015,687 |
| South Ayrshire Hospitals NHS Trust | 49,904,263 | 24,952,132 | 24,952,131 |
Explanatory Note
(This note is not part of the Order)
This Order determines the amount of the originating capital debt provided for in section 12E of the National Health Service (Scotland) Act 1978 of NHS trusts established under that Act with an operational date of 1st April 1992. It provides also for the splitting of the originating capital debts into loan and public dividend capital.
(1)
1978 c. 29. Section 12E was inserted by the National Health Service and Community Care Act 1990 (c. 19), section 31.
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