The New Towns (Suspension of Loan Repayment) Order 1986
Westlaw
King's Printer of Acts of Parliament
2011-05-19
NEW TOWNS
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.
Nicholas RidleySecretary of State for the Environment
Nicholas EdwardsSecretary of State for Wales
We consent,
Donald ThompsonA.G. HamiltonTwo of the Lords Commissioners of Her Majesty's Treasury