The New Towns (Suspension of Loan Repayment) Order 1986

1.—(1) This order may be cited as the New Towns (Suspension of Loan Repayment) Order 1986 and shall come into operation on 12th September 1986.

(2) In this order “the relevant loans” means the new town development loans made to the Aycliffe and Peterlee Development Corporation, the former Peterlee Development Corporation(1), the Cwmbran Development Corporation and the Washington Development Corporation, which are described in Schedules 1 and 2 to this order.

(1)

All liabilities in respect of such loans to the former Peterlee Development Corporation were transferred to the Aycliffe and Peterlee Development Corporation by the Aycliffe and Peterlee New Towns (Transfer of Functions) Order 1985.