Statutory Instruments
1991 No. 190
FOREIGN COMPENSATION
The Foreign Compensation (Financial Provisions) Order 1991
Made
5th February 1991
Laid before Parliament
13th February 1991
Coming into force
30th March 1991
At the Court at Buckingham Palace, the 5th day of February 1991
Present,
The Queen’s Most Excellent Majesty in Council
Her Majesty, by virtue and in exercise of the powers conferred upon Her in that behalf by section 7(2) of the Foreign Compensation Act 1950(1) or otherwise in Her Majesty vested, is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered, as follows:
1. This Order may be cited as the Foreign Compensation (Financial Provisions) Order 1991 and shall come into force on 30th March 1991.
2. The Foreign Compensation Commission shall pay into the Consolidated Fund not later than 31st March 1991 out of the compensation funds named in Column 1 of the Schedule to this Order the amounts specified in Column 2 of the Schedule which are hereby determined to be the amounts of the expenses of the Commission during the periods specified in Column 3 of the Schedule attributable to the discharge by the Commission of their functions in relation to the distribution of sums from those compensation funds.
G. I. de Deney
Clerk of the Privy Council
SCHEDULE
| (1) | (2) | (3) |
|---|---|---|
| Name of fund | Amount | Period |
| The Union of Soviet Socialist Republics (Tsarist Assets) Fund | £ 765,988 | 1st October 1989 30th September 1990 |
| The People’s Republic of China Fund | 1,037,312 | 1st October 1989 30th September 1990 |
Explanatory Note
(This note is not part of the Order)
This Order, which is made under section 7(2) of the Foreign Compensation Act 1950, directs the Foreign Compensation Commission to pay into the Consolidated Fund, out of the funds paid to the Commission for the purpose of being distributed under the said Act, an amount in respect of the Commission’s expenses in relation to those funds during the periods specified in the Schedule to the Order.
1950 c. 12; the application of section 7(2) was extended by section 3(3) of the Foreign Compensation Act 1962 (c. 4).