Industrial Credit (Amendment) Act, 1983

Amendment of Schedule to Principal Act.

2.—Paragraph 4 of the Schedule to the Principal Act is hereby amended by the substitution in clause (i) of subparagraph (d) (inserted by the Industrial Credit (Amendment) Act, 1971 ) of “£800,000,000” for “£400,000,000” (inserted by the Industrial Credit (Amendment) Act, 1979 ), and the said clause, as so amended, is set out in the Table to this section.

TABLE

(i) the amount so raised or borrowed and standing unpaid at any particular time shall not exceed £800,000,000 less the amount (if any) which the Minister has, under a guarantee or guarantees given by him, paid in respect of the principal of moneys raised or borrowed by the Company and which stands at that time not repaid to the Minister by the Company,