The New Towns (Suspension of Loan Repayment) Order 1986

Statutory Instruments

1986 No. 1436

NEW TOWNS

The New Towns (Suspension of Loan Repayment) Order 1986

Made

21st August 1986

Laid before Parliament

22nd August 1986

Coming into Operation

12th September 1986

The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by section 62B(1) and (3) of the New Towns Act 1981(1) and of all other powers enabling them in that behalf, and with the consent of the Treasury, hereby make the following order:—

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(2), the Cwmbran Development Corporation and the Washington Development Corporation, which are described in Schedules 1 and 2 to this order.

2.  The relevant loans are hereby specified as loans the repayment of which to the Secretary of State is to be suspended by virtue of section 62B of the New Towns Act 1981 for the period specified in article 3 of this order.

3.  The period of suspension is hereby specified as:—

(a) in relation to the loans described in Schedule 1 to this order, the period beginning with 12th September 1986 and ending with 31st March 1988; and

(b) in relation to the loans described in Schedule 2 to this order, the period beginning with 1st October 1986 and ending with 31st March 1988.

4.  The Secretary of State may by directions under this order impose obligations on the Aycliffe and Peterlee Development Corporation, the Cwmbran Development Corporation and the Washington Development Corporation for the purposes of section 62B(3)(c) as regards the achieving of financial objectives, the obtaining of his approval for proposed expenditure and the provision of information about their present or future financial position.

Nicholas Ridley

Secretary of State for the Environment

12th August 1986

Nicholas Edwards

Secretary of State for Wales

15th August 1986

We consent,

Donald Thompson

A.G. Hamilton

Two of the Lords Commissioners of Her Majesty's Treasury

21st August 1986

SCHEDULE 1 LOANS THE REPAYMENT OF WHICH IS TO BE SUSPENDED FROM 12TH SEPTEMBER 1986

PART I LOANS TO THE AYCLIFFE AND PETERLEE DEVELOPMENT CORPORATION AND THE FORMER PETERLEE DEVELOPMENT CORPORATION

A

Loans repayable by annual instalments

Ref. No.	Amount of advance £	Interest rate (%)	Amount of annual repayments £	Principal outstanding on 12th September 1986 £
A 1	3,131.99	3.000	135.50	2,159.35
A 2	103,291.64	3.000	4,411.83	72,546.59
A 3	200,397.64	3.000	8,455.11	143,191.93
A 4	324,084.88	3.000	13,513.73	235,316.48
A 5	412,774.33	3.000	17,018.62	304,239.27
A 6	177,501.41	3.750	8,298.96	136,328.55
A 7	170,670.73	4.250	8,637.15	134,361.15
A 8	841,083.81	4.250	42,236.34	670,765.74
A 9	423,190.18	4.250	21,095.01	341,592.46
A 10	477,725.00	4.000	22,874.45	381,158.46
A 11	156,262.90	4.000	7,425.91	126,119.44
A 12	496,334.16	3,750	22,622.04	395,836.72
A 13	194,398.52	4.000	9,238.18	156,898.77
A 14	188,309.64	4.000	8,884.57	153,632.32
A 15	65,932.76	4.250	3,241.82	54,394.69
A 16	99,391.27	4.500	5,087.70	82,872.92
A 17	132,742.71	5.000	7,343.12	112,881.70
A 18	237,765.12	5.250	13,653.76	204,040.52
A 19	424,229.77	5.500	25,157.80	370,421.75
A 20	113,402.25	5.750	6,970.99	99,808.76
A 21	195,999.70	5,500	11,576.03	172,531.33
A 22	369,939.05	5.750	24,309.07	352,113.93
A 23	63,392.98	6.000	4,021.92	56,644.97
A 24	107,396.50	5.750	6,553.92	95,968.34
A 25	330,196.53	5.500	19,427.10	292,864.79
A 26	75,988.41	5.125	4,207.22	67,084.91
A 27	36,088.98	5.250	2,037.05	31,988.78
A 28	90,814.32	5.375	5,224.59	80,811.00
A 29	320,643.48	5.500	18,796.72	286,406.14
A 30	11,280.65	5.500	659.03	10,142.84
A 31	31,418.07	5.625	1,870.12	28,349.91
A 32	25,549.27	5.750	1,549.11	23,133.78
A 33	34,421.70	5,875	2,125.41	31,271.77
A 34	509,352.24	6.000	32,020.69	464,243.75
A 35	57,241.15	6.000	3,588.79	52,471.71
A 36	80,978.51	6.125	5,168.48	74,456.38
A 37	44,516.70	6.500	2,993.42	41,281.03
A 38	71,187.38	6.375	4,705.40	65,832.38
A 39	396,244.78	6.250	25,739.94	365,399.73
A 40	24,693.48	5.625	1,461.03	22,545.02
A 41	418,062.42	5.750	25,202.79	382,922.53
A 42	5,936.56	6.000	371.25	5,471.16
A 43	8,909.46	6.125	567.27	8,234.96
A 44	21,789.44	6.250	1,412.17	20,196.67
A 45	14,842.13	5.375	842.68	13,533.47
A 46	35,673.48	5.750	2,144.92	32,845.44
A 47	452,065.69	5.875	27,691.02	417,487.00
A 48	12,893.33	6.000	804.38	11,941.99
A 49	585,482.76	6.000	36,444.80	544,816.00
A 50	525,959.82	6.000	32,670.38	491,568.29
A 51	1,205,734.13	6.000	74,745.87	1,131,504.22
PL 1	34,684.35	3.000	1,481.45	24,360.45
PL 2	60,804.37	3.000	2,565.44	43,447.04
PL 3	174,173.94	3.000	7,262.72	126,466.98
PL 4	324,698.17	3.000	13,387.26	239,321.79
PL 5	209,037.12	3.750	9,773.39	160,549.34
PL 6	120,338.84	4.250	6,090.00	94,737.14
PL 7	1,078,099.70	4.250	54,138.47	859,786.20
PL 8	578,809.02	4.250	28,852.24	467,205.46
PL 9	448,646.09	4.000	21,482.09	357,957.55
PL 10	58,598.60	4.000	2,784.72	47,294.77
PL 11	453,817.66	3.750	20,684.21	361,928.97
PL 12	186,027.28	4.000	8,840.37	150,142.22
PL 13	256,700.67	4.000	12,111.30	209,429.15
PL 14	106,434.35	4.250	5,233.23	87,808.54
PL 15	94,685.60	4.500	4,845.43	78,926.56
PL 16	356,208.82	5.000	19,704.91	302,912.86
PL 17	318,298.52	5.250	18,278.43	273,150.91
PL 18	589,476.46	5.500	34,957.31	514,709.02
PL 19	93,047.97	5.750	5,719.78	81,894.42
PL 20	67,920.68	5.500	4,011.49	59,788.19
PL 21	327,863.85	5.750	20,078.82	290,839.05
PL 22	147,266.76	6.000	9,343.23	131,590.59
PL 23	264,585.89	5.750	16,146.47	236,431.15
PL 24	57,537.13	5.625	3,448.04	51,225.77
PL 25	478,249.23	5.500	28,137.77	424,178.87
PL 26	223,094.18	5.125	12,351.96	196,954.50
PL 27	141,429.82	5.250	7,983.05	125,361.25
PL 28	412,082.17	5.375	23,707.27	366,690.88
PL 29	384,185.65	5.500	22,521.68	343,163.49
PL 30	145,177.30	5.500	8,481.45	130,534.08
PL 31	104,072.38	5.625	6,194.79	93,908.78
PL 32	22,601.26	5.750	1,370.36	20,464.61
PL 33	85,562.55	5.875	5,283.15	77,732.98
PL 34	501,970.31	6.000	31,556.62	457,515.59
PL 35	29,607.49	6.000	1,856.27	27,140.55
PL 36	73,078.16	6.125	4,664.24	67,192.31
PL 37	43,527.43	6.500	2,926.90	40,363.63
PL 38	89,972.93	6.375	5,947.11	83,204.67
PL 39	516,798.06	6.250	33,571.04	476,568.82
PL 40	22,703.86	5.500	1,318.06	20,659.36
PL 41	57,288.87	5.625	3,389.60	52,304.24
PL 42	553,463.24	5.750	33,365.40	506,942.24
PL 43	29,682.80	6.000	1,856.27	27,355.51
PL 44	60,386.31	6.125	3,844.85	55,814.45
PL 45	39,617.16	6.250	2,567.57	36,721.42
PL 46	249,347.70	5.375	14,156.95	227,363.47
PL 47	55,439.00	5.500	3,209.20	50,720.45
PL 48	177,376.43	5.750	10,665.01	163,314.88
PL 49	580,944.07	5.875	35,585.39	536,507.43
PL 50	1,375,735.39	6.000	85,636.00	1,280,178.94
PL 51	1,596,806.39	6.000	99,186.78	1,492,393.78
PL 52	1,076,976.10	6.000	66,763.90	1,010,673.10
TOTAL	26,969,224.27		1,526,554.60	23,498,460.24

B

Loans repayable by ½ yearly instalments

Ref. No.	Amount of advance £	Interest rate (%)	Amount of ½ annual repayments £	Principal outstanding on 12th September 1986 £
A 59	50,000.00	7.500	1,897.89	48,396.21
A 84	510,000.00	8.000	20,586.03	501,241.02
A 135	215,000.00	12.500	13,446.81	214,755.97
A 136	120,000.00	10.875	6,536.37	119,721.23
A 140	150,000.00	11.125	8,356.36	149,687.65
A142	1,812,000.00	12.375	112,200.90	1,809,825.54
A143	100,000.00	12.375	6,192.10	99,891.36
A144	988,000.00	11.875	58,720.42	986,658.27
A145	200,000.00	12.250	12,259.78	199,770.17
A146	200,000.00	12.625	12,633.15	199,805.70
A147	100,000.00	12.875	6,441.11	99,913.12
A148	200,000.00	13.000	13,006.80	119,835.63
A149	100,000.00	13.125	6,565.70	99,922.26
A150	100,000.00	13,125	6,565.70	99,922.26
A151	100,000.00	13.125	6,565.70	99,922.26
A152	300,000.00	13,375	20,070.99	299,791.71
A153	300,000.00	13.000	19,510.19	299,753.56
A154	100,000.00	13.125	6,565.70	99,922.26
A155	300,000.00	12.875	19,323.33	299,739.34
A156	100,000.00	12.875	6,441.11	99,913.12
A157	100,000.00	12.750	6,378.84	99,908.06
A158	700,000.00	12.875	45,087.78	699,391.64
A159	100,000.00	12.875	6,441.11	99,921.77
A160	500,000.00	12.875	32,205.55	499,608.78
A161	200,000.00	13.000	13,006.80	199,852.04
A162	100,000.00	13.125	6,565.70	99,930.05
A164	200,000.00	13.375	13,380.66	199,875.16
A165	300,000.00	13.375	20,070.99	299,812.72
A166	100,000.00	14.125	7,064.46	99,955.59
A167	100,000.00	14.625	7,314.04	99,964.55
A168	1,000,000.00	12.875	64,411.11	999,217.48
A169	100,000.00	12.875	64,441.11	99,929.89
A170	200,000.00	12.875	12,882.22	199,859.78
A174	50,000.00	13.125	3,282.85	49,968.68
A176	100,000.00	12.750	6,378.84	99,925.75
A177	100,000.00	12.625	6,316.58	99,921.41
A180	305,000.00	12.750	19,455.45	304,773.68
A181	200,000.00	13.000	13,006.80	199,881.92
A183	200,000.00	14.000	14,004.17	199,934.17
A184	200,000.00	14.125	14,128.92	199,937.90
A186	100,000.00	12,750	6,378.84	99,941.39
A187	200,000.00	13.375	13,380.66	199,912.14
A190	100,000.00	13.250	6,628.01	99,959.14
A191	100,000.00	13.125	6,565.70	99,956.70
A192	200,000.00	13.500	13,505.33	199,927.23
A193	300,000.00	13.250	19,884.02	299,877.53
A194	200,000.00	14.125	14,128.92	199,945.66
A197	700,000.00	13.500	47,268.64	699,779.04
A200	200,000.00	15.875	15,876.66	199,982.39
A203	2,000,000.00	11.875	118,867.25	1,999,017.70
A204	200,000.00	10.500	10,522.67	199,844.83
A205	300,000.00	11.875	17,830.09 299,877.51
A206	300,000.00	11.125	16,712.73	299,825.95
A207	600,000.00	11.875	35,660.17	599,755.06
A208	2,150,000.00	11.000	118,441.96	2,148,677.77
A209	638,000.00	11.125	35,542.40	637,700.21
A210	1,100,000.00	10.750	59,235.68	1,099,383.51
A211	1,200,000.00	10.250	61,653.19	1,199,338.51
A212	300,000.00	10.625	15,969.54	299,898.69
A213	300,000.00	10.750	16,155.19	299,904.48
A214	1,300,000.00	10.875	70,810.72	1,299,609.88
A215	300,000.00	10.875	16,340.94	299,941.57
A216	300,000.00	10.375	15,598.59	299,925.95
A217	300,000.00	10.625	15,969.54	299,934.22
A218	1,400,000.00	10.875	76,257.70	1,399,727.38
A219	400,000.00	10,875	21,787.91	399,962.09
A220	638,000.00	10.875	34,751.72	637,939.53
A221	1,500,000.00	9.625	72,444.80	1,500,000.00
A222	1,600,000.00	9.625	77,274.45	1,600,000.00
A223	2,000,000.00	9.125	91,683.69	2,000,000.00
A224	638,000.00	9.125	29,247.10	638,000.00
PL106	20,000.00	14,375	1,437.85	19,980.94
PL107	250,000.00	14,250	17,817.11	249,749.56
PL145	350,000.00	10.875	19,064.43	349,186.60
PL147	1,115,000.00	12,375	69,041.95	1,113,661.90
PL149	890,000.00	11.875	52,895.92	888,791.42
PL150	400,000.00	12.250	24,519.56	399,540.35
PL151	200,000.00	13.375	13,380.66	199,861.15
PL152	200,000.00	13.000	13,006.80	199,835.63
PL153	400,000.00	13.125	26,262.79	399,689.24
PL154	400,000.00	12.750	12,757.67	199,689.24
PL156	150,000.00	12.875	9,661.67	149,882.57
PL157	150,000.00	12.875	9,661.67	149,882.57
PL158	200,000.00	13.125	13,131.39	199,860.25
PL159	200,000.00	13.500	13,505.33	199,881.94
PL160	300,000.00	13.375	20,070.99	299,812.72
PL162	200,000.00	14.625	14,628.07	199,929.23
PL164	750,000.00	12.875	48,308.33	749,474.06
PL165	890,000.00	12.875	57,325.89	889,375.83
PL166	100,000.00	11.875	5,943.36	99,889.78
PL167	100,000.00	12.000	6,005.52	99,895.77
PL168	250,000.00	11.875	14,858.41	249,724.32
PL169	150,000.00	12.375	9,288.15	149,868.10
PL170	150,000.00	13.125	9,848.55	149,906.05
PL171	250,000.00	12.750	15,947.09	249,814.49
PL172	150,000.00	12.750	9,568.26	149,888.62
PL173	300,000.00	12.625	18,949.73	299,764.37
PL174	350,000.00	12.500	21,890.16	349,709.10
PL175	100,000.00	12.750	6,378.84	99,925.75
PL178	450,000.00	12.750	28,704.77	449,702.21
PL179	300,000.00	13.000	19,510.19	299,822.98
PL180	350,000.00	12.875	22,543.89	349,781.25
PL181	350,000.00	13.625	23,852.52	349,844.85
PL182	100,000.00	14.750	7,376.44	99,973.63
PL184	150,000.00	15.000	11,251.92	149,964.67
PL185	560,000.00	15,250	42,706.32	559,882.68
PL187	150,000.00	14.750	11,064.67	149,960.34
PL188	300,000.00	14.000	21,006.26	299,888.04
PL189	420,000.00	14.000	21,408.76	419,843.30
PL190	300,000.00	14,500	21,754.90	299,911.06
PL195	390,000.00	14.875	29,011.54	389,914.54
PL196	300,000.00	14.250	21,380.54	299,912.01
PL197	300,000.00	14.500	21,754.90	299,921.64
PL199	300,000.00	14.000	21,006.26	299,901.21
PL200	300,000.00	14.125	21,193.38	299,906.86
PL201	350,000.00	13.750	24,070.75	349,870.66
PL203	250,000.00	12.750	15,947.09	249,853.56
PL207	200,000.00	14.000	14,004.17	199,942.37
PL208	350,000.00	13.375	23,416.16	349,865.10
PL209	350,000.00	13.625	23,852.52	349,879.90
PL211	350,000.00	13.125	22,979.94	349,848.54
PL212	200,000.00	13.500	13,505.33	199,927.23
PL215	350,000.00	14.250	24,943.96	349,910.23
PL218	200,000.00	14.375	14,378.47	199,958.11
PL221	200,000.00	15.250	15,252.26	199,972.22
PL222	250,000.00	15.125	18,909.25	249,963.20
PL228	400,000.00	15.750	31,503.53	399,962.62
PL229	400,000.00	14.250	28,507.38	399,923.94
PL232	300,000.00	14.375	21,567.71	299,954.65
PL233	300,000.00	13.625	20,445.02	299,935.30
PL234	3,600,000.00	11.875	213,961.04	3,598,231.92
PL235	3,800,000.00	11.000	209,339.28	3,797,663.02
PL236	890,000.00	11.125	49,581.09	889,581.79
PL237	400,000.00	10.250	20,551.06	399,717.15
PL238	400,000.00	10.375	20,798.12	399,733.11
PL239	500,000.00	10.375	25,997.65	499,666.39
PL240	1,700,000.00	10.750	91,546.05	1,699,047.74
PL241	1,850,000.00	10.250	95,048.67	1,848,980.19
PL242	890,000.00	10.250	45,726.12	889,641.38
PL243	300,000.00	10.625	15,969.54	299,898.69
PL244	300,000.00	10.750	16,155.19	299,904.48
PL245	2,000,000.00	10,875	108,939.57	1,999,399.80
PL246	300,000.00	10.875	16,340.94	299,941.57
PL247	300,000.00	10.375	15,598.59	299,925.95
PL248	300,000.00	10.625	15,969.54	299,934.22
PL249	2,170,000.00	10,875	118,199.44	2,169,577.44
PL250	400,000.00	10.875	21,787.91	399,962.09
PL251	890,000.00	10.875	48,478.11	889,915.64
PL252	2,370,000.00	9,625	114,462.78	2,370,000.00
PL253	890,000.00	9.125	40,799.24	890,000.00
TOTAL	74,949,000.00		4,381,301.81	74,901,726.08

PART II LOANS TO THE WASHINGTON DEVELOPMENT CORPORATION

A

Loans repayable by annual instalments

Ref. No.	Amount of Advance £	Interest rate (%)	Amount of annual repayments £	Principal outstanding on 12th September 1986 £
WH 1	22,862.65	6.000	1,423.14	21,274.66
WH 2	265,968.32	6.000	16,520.82	248,577.09
WH 3	1,734,740.00	6.000	107,540.00	1,627,942.36
TOTAL	2,023,570.97		125,483.96	1,897,794.11

B

Loans repayable by ½ yearly instalments

Ref. No.	Amount of advance £	Interest rate (%)	Amount of ½ yearly repayments £	Principal outstanding on 12th September 1986 £
WH 4	199,638.70	6.000	6,177.98	188,222.22
WH 5	59,921.84	6.750	2,063.44	57,249.73
WH 6	284,648.65	6.875	9,969.58	272,479.23
WH 8	325,000.00	7,000	11,561.28	311,959.02
WH 9	980,000.00	7.375	36,612.24	945,463.76
WH 10	788,000.00	7.375	29,439.23	761,585.78
WH 11	255,000.00	7.500	9,679.25	246,820.22
WH 12	545,000.00	7.750	21,341.54	528,996.76
WH 13	460,000.00	7.625	17,736.53	445,881.05
WH 14	605,000.00	7.625	23,327.39	587,364.69
WH 15	50,000.00	7.750	1,957.94	48,606.25
WH 17	210,000.00	8.125	8,603.59	204,884.83
WH 21	20,000.00	8.750	880.16	19,633.22
WH 23	190,000.00	9.125	8,709.95	186,966.60
WH 24	140,000.00	9.500	6,675.47	138,056.48
WH 29	215,000.00	9.375	10,119.60	212,052.35
WH 34	145,000.00	8.875	6,469.70	142,601.85
WH 35	160,000.00	8,750	7,041.31	157,227.40
WH 65	275,000.00	7.750	10,768.67	269,489.55
WH 66	190,000.00	7.875	7,554.62	186,368.85
WH 67	170,000.00	8.000	6,862.01	166,901.56
WH 68	225,000.00	7,625	8,675.47	220,273.84
WH 69	108,000.00	7.875	4,294.21	105,935.84
WH 71	100,000.00	7.750	3,915.88	98,110.31
WH 72	310,000.00	8.000	12,513.07	304,676.10
WH 73	200,000.00	8.125	8,193.89	196,726.22
WH 74	130,000.00	8.375	5,483.67	128,067.55
WH 75	120,000.00	8.750	5,280.98	118,457.89
WH 76	140,000.00	9,000	6,332.18	138,368.09
WH 77	60,000.00	8.875	2,677.12	59,265.54
WH 78	95,000.00	9.125	4,354.98	93,945.39
WH 79	1,277,000.00	9.250	59,322.44	1,263.504.60
WH 81	525,000.00	9.250	24,388.63	519,799.67
WH 83	100,000.00	9.375	4,706.79	99,057.39
WH 84	618,000.00	9.500	29,467.42	612,457.05
WH 85	200,000.00	9,750	9,782.34	198,482.71
WH 88	750,000.00	9.875	37,145.60	744,589.28
WH 89	250,000.00	11.125	13,927.27	248,915.28
WH 90	450,000.00	11.375	25,627.31	448,237.68
WH 91	1,508,000.00	11.500	86,815.91	1,502,389.70
WH 96	200,000.00	12.375	12,384.21	199,520.17
WH 97	350,000.00	12,875	22,543.89	349,318.82
WH 98	375,000.00	13.500	25,322.49	374,438.44
WH 99	250,000.00	13.625	17,037.51	249,644.92
WH 111	350,000.00	15,250	26,691.45	349,790.88
WH 112	500,000.00	16.375	40,940.74	499,815.99
WH148	300,000.00	11.125	16,712.73	299,375.14
WH 149	300,000.00	11.125	16,712.73	299,375.14
WH150	300,000.00	11.500	17,271.07	299,470.08
WH 151	200,000.00	12.000	12,011.04	199,716.61
WH 181	7,500,000.00	14.000	525,156.40	7,498,126.65
WH 184	8,000.000.00	15.375	615,084.94	7,998,953.06
WH189	2,000,000.00	10.750	107,701.24	1,998,879.66
WH190	1,000,000.00	10.625	53,231.80	999,537.54
WH191	2,500,000.00	10.250	128,444.15	2,498,621.86
WH192	4,000,000.00	10.875	217,879.14	3,998,799.61
WH193	4,500,000.00	10.875	245,114.04	4,499,123.73
WH194	6,500,000.00	10.625	346,006.71	6,500,000.00
WH195	2,800,000.00	9.625	135,230.29	2,800,000.00
TOTAL	55,358,209.19		3,179,237.04	55,092,779.58

PART III LOANS TO THE CWMBRAN DEVELOPMENT CORPORATION

Loans repayable by ½ yearly instalments

Ref. No.	Amount of advance £	Interest rate (%)	Amount of ½ yearly repayments £	Principal outstanding on 12th September 1986 £
17	1,333,000.00	8.750	58,662.93	1,311,198.28
19	70,000.00	9.375	3,294.75	69,096.17
20	200,000.00	9.125	9,168.37	197,160.63
21	65,000.00	9.250	3,019.55	64,171.52
24	1,258,000.00	9.000	56,889.16	1,241,395.06
26	15,000.00	8.875	669.28	14,792.27
27	15,000.00	8.750	660.12	14,782.07
32	507,000.00	9.750	24,798.34	503,153.42
33	50,000.00	11.625	2,909.56	49,836.13
34	80,000.00	11.500	4,605.62	79,723.86
35	1,118,000.00	13.750	76,888.85	1,116,614.72
37	210,000.00	13.875	14,573.41	209,753.24
38	50,000.00	13.750	3,438.68	49,938.05
47	638,000.00	13.250	42,286.69	637,101.65
48	1,328,000.00	13.250	88,019.95	1,326,283.73
54	1,024,000.00	13.875	71,062.70	1,022,988.88
55	950,000.00	13.875	65,927.31	949,142.50
60	500,000.00	13.625	34,075.03	499,496.91
62	2,478,000.00	14.125	175,057.36	2,476,171.45
63	150,000.00	13.500	10,128.99	149,854.48
64	250,000.00	13.750	17,193.39	249,782.58
72	300,000.00	13.500	20,257.99	299,759.09
73	400,000.00	13.500	27,010.65	399,678.79
75	560,000.00	13.375	37,465.85	559,524.68
77	1,050,000.00	12.500	65,670.49	1,048,807.90
79	2,000,000.00	12.375	123,842.06	1,997,599.86
80	1,200,000.00	11.875	71,320.35	1,198,370.37
83	2,100,000.00	12.875	135,263.33	2,098,175.11
85	2,000,000.00	12.875	128,822.22	1,998,434.97
88	2,500,000.00	12.750	159,470.93	2,498,345.87
93	900,000.00	14.875	66,949.72	899,802.61
94	100,000.00	14.875	7,438.86	99,978.07
95	200,000.00	14.000	14,004.17	199,934.17
96	2,850,000.00	14.000	199,559.43	2,849,061.95
98	200,000.00	13.375	13,380.66	199,922.94
99	200,000.00	13.375	13,380.66	199,922.94
102	3,450,000.00	14.000	241,571.94	3,449,138.26
103	1,300,000.00	13.500	87,784.62	1,299,589.66
104	100,000.00	13.500	6,752.66	99,968.44
105	600,000.00	13.500	40,515.98	599,810.61
106	400,000.00	13.625	27,260.02	399,880.91
107	100,000.00	13.625	6,815.01	99,970.23
111	150,000.00	14.875	11,158.29	149,975.16
114	2,800,000.00	13.750	192,565.98	2,799,326.05
115	500,000.00	13.625	34,075.03	499,892.23
116	200,000.00	11.875	11,886.72	199,901.77
117	1,300,000.00	11.375	74,034.46	1,299,328.96
118	900,000.00	10.875	49,022.81	899,524.49
119	500,000.00	11.125	27,854.55	499,765.04
120	1,300,000.00	11.125	72,421.82	1,299,389.10
121	1,700,000.00	10.250	87,342.02	1,699,062.87
122	1,328,000.00	10.250	68,229.53	1,327,464.89
123	2,000,006.00	10.875	108,939.90	1,999,616.55
124	999,994.00	10.625	53,231.48	999,774.72
125	200,000.00	10.625	10,646.36	199,956.14
126	1,500,000.00	9.625	72,444.80	1,500,000.00
127	1,300,000.00	9.125	59,594.39	1,300,000.00
128	1,500,000.00	9.125	68,762.76	1,500,000.00
TOTAL	52,977,000.00		3,260,088.54	52,901,093.00

SCHEDULE 2 LOANS THE REPAYMENT OF WHICH IS TO BE SUSPENDED FROM 1ST OCTOBER 1986

PART I LOANS TO THE AYCLIFFE AND PETERLEE DEVELOPMENT CORPORATION AND THE FORMER PETERLEE DEVELOPMENT CORPORATION

Ref. No.	Amount of advance £	Interest rate (%)	Amount of ½ yearly repayments £	Principal outstanding on 1st October 1986 £
A 86	150,000.00	13.5	10,128.99	149,867.43
A 90	512,000.00	15.25	39,045.78	511,811.41
A 94	40,000.00	16.25	3,250.28	39,991.54
A101	100,000.00	13.875	6,939.72	99,944.56
A102	100,000.00	13.625	6,815,01	99,937.94
A105	200,000.00	13.875	13,879.43	199,900.46
A111	100,000.00	14.0	7,002.09	99,952.97
A112	100,000.00	13.5	6,752.56	99,941.01
A113	200,000.00	13.625	13,630.01	199,888.51
A114	200,000.00	13.625	13,630.01	199,888.51
A124	1,200,000.00	14.75	88,517.32	1,199,642.49
A125	250,000.00	14.75	18,441.11	249,933.99
A126	100,000.00	16.375	8,188.15	99,987.56
A131	638,000.00	13.5	43,081.99	637,735.39
A132	250,000.00	13.625	17,037.51	249,902.14
A137	150,000.00	11.125	8,356.36	149,837.12
A138	200,000.00	11.375	11,389.92	199,806.24
A139	500,000.00	11.5	28,785.12	499,542.52
A141	50,000.00	12.0	3,002.71	49,963.63
A163	250,000.00	13.125	16,414.24	249,919.28
A171	600,000.00	12.875	38,646.66	599,815.71
A172	300,000.00	12.0	18,016.56	299,861.02
A173	300,000.00	12.375	18,576.31	299,883.42
A175	300,000.00	13.125	19,697.09	299,918.10
A178	100,000.00	12.5	6,254.33	99,963.36
A179	300,000.00	12.75	19,136.51	299,902.26
A182	1,200,000.00	14.75	88,517.32	1,199,874.91
A185	500,000.00	13.75	34,386.78	499,932.41
A188	100,000.00	14.0	7,002.09	99,988.00
A189	1,300,000.00	14.0	91,027.11	1,299,844.10
A195	1,500,000.00	14.0	105,031.28	1,499,899.44
A196	800,000.00	14.0	56,016.68	799,946.37
A198	2,000,000.00	15.375	153,771.23	1,999,931.28
A199	300,000.00	15.25	22,878.39	299,992.96
A201	1,800,000.00	13.75	123,792.42	1,799,912.24
A202	638,000.00	13.625	43,479.73	637,984.02
PL 59	1,645,000.00	7.375	61,456.26	1,604,847.11
PL 64	80,000.00	7.75	3,132.70	78,396.98
PL 65	150,000.00	8.0	6,054.71	147,266.11
PL 66	260,000.00	8.125	10,625.06	255,481.51
PL 72	125,000.00	9.625	6,037.07	123,860.50
PL 73	27,000.00	9.375	1,270.83	26,728.35
PL 74	270,000.00	9.375	12,708.33	267,283.53
PL 75	26,000.00	9.375	1,223.77	25,754.91
PL 76	30,000.00	9.125	1,375.26	29,687.76
PL 77	30,000.00	9.25	1,393.64	29,702.83
PL 79	175,000.00	9.25	8,129.54	173,377.38
PL 81	333,000.00	9.25	15,469.36	329,912.39
PL 85	258,000.00	9.125	11,827.20	255,648.64
PL 86	910,000.00	9.0	41,159.18	901,855.31
PL 90	50,000.00	8.75	2,200.41	49,569.86
PL 91	80,000.00	9.0	3,618.39	79,378.76
PL 92	20,000.00	9.125	916.84	19,852.46
PL 94	75,000.00	9.25	3,484.09	74,512.40
PL 95	50,000.00	9.5	2,384.10	49,707.06
PL 98	80,000.00	9.75	3,912.94	79,609.76
PL 99	340,000.00	11.5	19,573.88	339,213.89
PL100	20,000.00	11.625	1,163.82	19,959.85
PL103	188,000.00	13.5	12,695.01	187,833.83
PL112	30,000.00	15.875	2,381.50	29,991.64
PL113	675,000.00	15.25	51,476.37	674,751.36
PL116	30,000.00	16.25	2,437.71	29,993.66
PL117	165,000.00	16.375	13,510.45	164,967.03
PL118	150,000.00	16.75	12,563.31	149,974.70
PL124	120,000.00	14.125	8,477.35	119,946.69
PL126	120,000.00	15.125	9,076.44	119,966.18
PL128	390,000.00	15.125	29,498.43	389,890.10
PL130	90,000.00	13.625	6,133.50	89,949.83
PL131	1,070,000.00	14.125	75,589.74	1,069,524.60
PL135	530,000.00	14.375	38,102.95	529,812.49
PL138	140,000.00	15.875	11,113.66	139,978.03
PL139	100,000.00	15.75	7,875.88	99,983.37
PL140	1,465,000.00	14.375	105,322.30	1,464,540.18
PL142	1,636,000.00	13.375	109,453.80	1,635,281.17
PL143	140,000.00	13.375	9,366.46	139,946.06
PL144	720,000.00	12.5	45,031.19	719,584.01
PL146	100,000.00	11.125	5,570.91	99,891.41
PL148	190,000.00	11.875	11,292.29	189,872.34
PL155	914,000.00	12.875	58,871.75	913,613.82
PL161	150,000.00	13.75	10,316.03	149,963.90
PL163	1,257,000.00	12.875	80,964.76	1,256,543.67
PL176	200,000.00	12.75	12,757.67	199,934.85
PL177	1,401,000.00	12.75	89,367.51	1,400,543.58
PL183	300,000.00	14.75	22,129.33	299,968.73
PL186	200,000.00	15.25	15,252.26	199,983.59
PL191	70,000.00	14.625	5,119.82	69,992.26
PL192	1,569,000.00	14.75	115,736.40	1,568,836.43
PL193	700,000.00	14.75	51,635.11	699,941.44
PL194	636,000.00	14.875	47,311.13	635,949.91
PL198	400,000.00	14.25	28,507.38	399,957.45
PL202	500,000.00	13.5	33,763.31	499,923.82
PL204	300,000.00	13.75	20,632.07	299,959.45
PL205	180,000.00	13.75	12,379.24	179,975.67
PL206	2,207,000.00	14.0	154,536.02	2,206,735.34
PL210	250,000.00	13.25	16,570.02	249,966.79
PL213	250,000.00	13.375	16,725.83	249,968.72
PL214	250,000.00	14.125	17,661.15	249,978.22
PL216	2,627,000.00	14.0	183,944.78	2,626,823.88
PL217	590,000.00	13.5	39,840.71	589,949.62
PL219	250,000.00	14.5	18,129.08	249,986.85
PL220	150,000.00	14.875	11,158.29	149,993.43
PL223	2,900,000.00	15.375	222,968.29	2,899,900.34
PL224	300,000.00	15.375	23,065.69	299,993.38
PL225	75,000.00	15.875	5,953.75	74,998.71
PL226	150,000.00	16.125	12,094.85	149,997.71
PL227	500,000.00	16.0	40,003.90	499,991.89
PL230	3,270,000.00	13.75	224,889.56	3,269,840.58
PL231	890,000.00	13.625	60,653.54	889,977.71
TOTAL	53,847,000.00		3,649,544.66	53,764,522.07

PART II LOANS TO THE WASHINGTON DEVELOPMENT CORPORATION

Ref. No.	Amount of Advance £	Interest rate (%)	Amount of ½ yearly repayments £	Principal outstanding on 1st October 1986 £
WH 19	270,000.00	8.5	11,553.27	265,935.23
WH 20	265,000.00	8.75	11,662.17	261,376.85
WH 25	90,000.00	9.625	4,346.69	89,179.56
WH 32	350,000.00	9.25	16,259.09	346,533.09
WH 33	350,000.00	9.125	16,044.65	346,357.21
WH 48	300,000.00	9.375	14,120.37	297,527.78
WH 50	799,000.00	9.125	36,627.63	791,718.11
WH 70	1,007,000.00	7.75	39,432.91	993,104.22
WH 82	300,000.00	9.5	14,304.57	298,242.39
WH 92	300,000.00	11.625	17,457.34	299,397.61
WH 93	100,000.00	11.5	5,757.02	99,788.00
WH 95	300,000.00	12.0	18,016.56	299,488.30
WH113	900,000.00	16.75	75,379.85	899,848.19
WH114	1,000,000.00	17.25	86,254.21	999,865.43
WH125	1,200,000.00	15.0	90,015.32	1,199,642.00
WH126	1,000,000.00	15.125	75,637.01	999,718.19
WH127	200,000.00	13.625	13,630.01	199,888.51
WH130	626,000.00	14.125	44,223.53	625,751.69
WH131	350,000.00	13.625	23,852.52	349,825.54
WH132	400,000.00	14.25	28,507.38	399,850.15
WH133	300,000.00	13.75	20,632.07	299,858.76
WH134	1,000,000.00	14.375	71,892.35	999,646.22
WH136	600,000.00	16.375	49,128.89	599,925.33
WH137	250,000.00	16.25	20,314.22	249,967.03
WH144	4,535,000.00	13.375	303,406.48	4,533,007.39
WH155	300,000.00	12.25	18,389.67	299,830.54
WH156	300,000.00	12.625	18,949.73	299,857.61
WH157	200,000.00	13.0	13,006.80	199,920.27
WH158	200,000.00	13.0	13,006.80	199,920.27
WH159	500,000.00	13.0	32,516.99	499,800.69
WH160	300,000.00	13.125	19,697.09	299,887.18
WH161	250,000.00	12.875	16,102.78	249,894.37
WH163	250,000.00	13.0	16,258.49	249,914.40
WH164	300,000.00	13.125	19,697.09	299,903.14
WH165	500,000.00	13.5	33,763.31	499,864.63
WH167	6,359,000.00	12.75	405,630.25	6,356,928.37
WH170	300,000.00	14.25	21,380.54	299,968.09
WH171	300,000.00	14.25	21,380.54	299,968.09
WH172	200,000.00	14.25	14,253.69	199,978.73
WH173	300,000.00	14.25	21,380.54	299,968.09
WH175	1,000,000.00	13.625	68,150.05	999,889.08
WH176	300,000.00	13.5	20,257.99	299,964.66
WH177	600,000.00	13.5	40,515.98	599,929.32
WH178	600,000.00	13.375	40,141.98	599,924.95
WH179	500,000.00	14.0	35,010.43	499,953.70
WH180	500,000.00	14.125	35,322.31	499,956.41
WH182	700,000.00	13.5	47,268.64	699,940.22
WH183	800,000.00	13.5	54,021.30	799,931.69
WH185	500,000.00	16.125	40,316.17	499,992.36
WH186	7,000,000.00	13.75	481,414.96	6,999,658.74
TOTAL	39,851,000.00		2,656,290.23	39,800,188.38

PART III LOANS TO THE CWMBRAN DEVELOPMENT CORPORATION

Ref. No.	Amount of advance £	Interest rate (%)	Amount of ½ yearly repayments £	Principal outstanding on 1st October 1986 £
2	150,000.00	6.750	5,158.59	144,880.39
3	40,000.00	6.875	1,399.24	38,694.63
4	80,000.00	7.000	2,845.85	77,632.91
7	15,000.00	7.500	569.37	14,650.49
8	65,000.00	7.750	2,545.32	63,620.50
9	65,000.00	7.625	2,506.25	63,634.61
10	70,000.00	8.125	2,867.86	68,783.48
11	97,000.00	8.750	4,268.80	95,673.79
13	50,000.00	9.375	2,353.40	49,528.67
14	79,000.00	9.250	3,669.91	78,217.46
15	50,000.00	8.875	2,230.93	49,425.65
16	133,000.00	8.750	5,853.09	131,395.26
18	265,000.00	9.250	12,310,45	262,542.89
22	50,000.00	9.750	2,445.59	49,645.99
23	200,000.00	9.125	9,168.37	198,177.24
25	25,000.00	8.875	1,115.47	24,764.66
28	265,000.00	8.750	11,662.17	262,376.57
29	200,000.00	8.375	8,436.42	197,698.85
30	50,000.00	8.375	2,109.10	49,462.57
49	120,000.00	13.500	8,103.20	119,921.23
50	100,000.00	14.000	7,002.09	99,947.60
53	195,000.00	14.500	14,140.68	194,918.47
57	200,000.00	15.125	15,127.40	199,943.64
58	800,000.00	15.000	60,010.21	799,761.33
59	450,000.00	15.125	34,036.65	449,873.19
71	1,622,000.00	14.375	116,609.40	1,621,490.90
74	1,328,000.00	13.500	89,675.36	1,827,449.21
76	50,000.00	12.500	3,127.17	49,971.11
78	150,000.00	11.500	8,635.54	149,862.76
81	100,000.00	12.250	6,129.89	99,943.51
82	100,000.00	12.625	6,316.58	99,952.54
84	1,100,000.00	13.000	71,537.37	1,099,623.38
86	1,100,000.00	12.875	70,852.22	1,099,662.13
87	250,000.00	13.125	16,414.24	249,931.75
89	1,200,000.00	13.000	78,040.77	1,199,711.99
90	100,000.00	12.875	6,441.11	99,974.53
92	2,400,000.00	14.750	177,034.65	2,399,799.25
97	1,700,000.00	13.375	113,735.61	1,699,787.36
100	500,000.00	14.000	35,010.43	499,953.71
101	650,000.00	14.000	45,513.55	649,956.42
108	400,000.00	13.750	27,509.43	399,969.73
109	100,000.00	14.375	7,189.24	99,994.41
110	500,000.00	14.500	36,258.16	499,973.70
112	3,800,000.00	15.375	292,165.35	3,799,869.42
113	1,100,000.00	15.875	87,321.63	1,099,981.02
TOTAL	22,064,000.00		1,517,454.11	22,032,030.90

EXPLANATORY NOTE

This order provides for the suspension of certain loans made by the Secretary of State to the Aycliffe and Peterlee Development Corporation, the former Peterlee Development Corporation, the Cwmbran Development Corporation and the Washington Development Corporation. During the period of suspension no interest will accrue or become payable and no repayments of capital will fall due in relation to the loans described in the Schedules to the order. After the end of the period of suspension, payments of interest and repayments of principal will fall due as if there had been no break in the loan.

The period of suspension begins with 12th September 1986 for certain of the loans, and 1st October 1986 for others. Loans in the latter category, which are identified in Schedule 2 to the order, consist of loans the repayment of which has been suspended until 30th September 1986 by the New Towns (Suspension of Loan Repayment) Order 1983 (S.I. 1983/1377). The period of suspension for all the specified loans ends with 31st March 1988.

Liabilities under loans made 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. Copies of the order are obtainable from the Department of Environment Library, 2 Marsham Street, London SW1P 3EB.

Article 4 of this order provides that the Secretary of State may issue directions to the three existing development corporations referred to in the order concerning their financial affairs.

The total amount of loans suspended is £328,039,004,43. No other loans have been specified by order under section 62B(1) of the New Towns Act 1981, and none of the liabilities of the relevant corporations has been extinguished by order under section 62A of that Act (which was inserted by section 8(1) of the New Towns and Urban Development Corporations Act 1985).

(1)

section 62B was inserted by section 8(1) of the New Towns and Urban Development Corporation Act 1985 (c. 5).

(2)

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.