Section 4.
SCHEDULE 2U.K. Amendments Relating to Borrowing Powers
Modifications etc. (not altering text)
C1The text of Schs. 2, 3 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and except as specified does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
| Bodies Corporate | A ct | Amendment |
|---|---|---|
| 1.(1)The British Railways Board. | The Transport Act 1962 (10 & 11 Eliz. 2. c. 46). | In section 19(2), after the word “Minister” there shall be inserted the words “or, with the consent of the Secretary of State and the approval of the Treasury, may borrow (otherwise than by way of temporary loan) in a currency other than sterling from any person, or in sterling from the Commission of the European Communities or from the European Investmen t Bank”. |
| (2)The British Transport Docks Board. | In section 21(1) the words “subsection (1) of” shall be omitted. | |
| (3)The British Waterways Board. | ||
| (4)The National Bus Company. | ||
| (5)The Scottish Transport Group. | ||
| (6) . . . F1 | ||
| 2.(1)–(3) . . . F2 | . . . F2 | . . . F2 |
| 3. The British Gas Corporation | The Gas Act 1972 (1972 c. 60). | In section 17(3), in paragraph (b), after the word “Treasury” there shall be inserted the words “in sterling from the Commission of the European Communities or the European Investment Bank, or”. |
| 4. . . . F3 | . . . F3 | . . . F3 |
| 5. . . . F4 | . . . F4 | . . . F4 |
| 6.(1) The British Overseas Airways Corporation. | The Air Corporations Act 1967 (1967 c. 33). | In section 7(2) (as substituted by paragraph 19 of Schedule 10 to the Civil Aviation Act 1971), after the word “Board” there shall be inserted the words “or, subject to those limits and with the consent of the Secretary of State and the approval of the Treasury, may borrow in sterling from the Commission of the European Communities or from the European Investment Ba nk”. |
| (2) The British European Airways Corporation. | In section 10(1), in paragraph (a) the word “temporary” shall be omitted ; and in paragraph (c), for the words “any such loan as is mentioned in the last preceding paragraph” there shall be substituted the words “a loan raised by the corporation”. | |
| 7. (1)–(2) . . . F5 | . . . F5 | . . . F5 |
| 8. . . . F6 | . . . F6 | . . . F6 |
| 9. The Covent Garden Market Authority. | The Covent Garden Market Act 1961 (9 & 10 Eliz. 2. c. 49). | In section 38, in subsection (2), the words “may borrow by the issue of stock or debentures” shall be omitted, and at the end of that subsection there shall be inserted the words “may borrow from any person by the issue of stock or debentures, or may borrow from any person any sum in a currency other than sterling, or may borrow any sum in sterling from the Commission of the European Communities or the European Investmen t Bank”. |
| The Covent Garden Market Act 1966 (1966 c. i). | In section 34, at the end of subsection there shall be inserted the words “or the repayment of the principal of, and the payment of interest on, any money borrowed by the Authority (otherwise than by the issue of stock or debentures) under subsection (1) or subsection (2) of section 38 of the Act of 1961”. | |
| 10. . . . F7 | . . . F7 | . . . F7 |
Textual Amendments
F1Sch. 2 para. 1 entries repealed by Transport Act 1980 (c. 34, SIF 126), Sch. 9 Pt. III
F2Sch. 2 para. 2 entries relating to the Electricity Council, the North of Scotland Hydro-Electric Board and the South of Scotland Electricity Board repealed by Electricity Act 1989 (c. 29, SIF 44:1), s. 112(3)(4), 113(2), Sch. 17 para. 35(1), Sch. 18
F3Sch. 2 para. 4 repealed by British Telecommunications Act 1981 (c. 38, SIF 96), s. 89, Sch. 6 Pt. II
F4Sch. 2 para. 5 repealed by Airports Authority Act 1975 (c. 78), Sch. 6
F6Sch. 2 para. 8 repealed by Iron and Steel Act 1975 (c. 64), Sch.7