SCHEDULES

SCHEDULE 12Nuclear Liabilities: Financial Assistance

Financial limits

4

1

The aggregate of the following, namely—

a

grants made or agreed to be made by the Secretary of State under paragraph 1 above;

b

any amounts outstanding by way of principal in respect of—

i

loans made by the Secretary of State under paragraph 2 above; or

ii

sums paid by the Secretary of State in fulfilment of guarantees under paragraph 3 above,

shall not exceed £1,000 million or such greater sum, not exceeding £2,500 million, as the Secretary of State may by order specify.

2

No order shall be made under this paragraph unless a draft of the order has been approved by a resolution of the House of Commons.