Legalize / United Kingdom / Public General Act

Shipbuilding Act 1979

Type Public General Act

Publication 1979-12-20

State In force

Department Statute Law Database

Source legislation.gov.uk

Reform history JSON API

British Shipbuilders: limit on borrowing etc.

1

(1) In section 11(7) of the Aircraft and Shipbuilding Industries Act 1977 (which imposes an overall limit, increased from £200 million to £300 million by the British Shipbuilders Borrowing Powers (Increase of Limit) Order 1979, on certain sums borrowed by British Shipbuilders and its wholly owned subsidiaries and on its public dividend capital) for "£200 million " and " £300 million " there shall be substituted respectively " £500 million " and " £600 million ".

(2) The British Shipbuilders Borrowing Powers (Increase of Limit) Order 1979 is hereby revoked.

Guarantees in respect of alterations of ships, etc.

2

In section 10 of the Industry Act 1972 (which among other things authorises the Secretary of State to guarantee the payment of certain sums payable under arrangements for financing the construction of a ship or mobile offshore installation) in subsection (9) (which provides that in that section " construction " includes the completion of a partially constructed ship or installation) after the word " installation " there shall be inserted the words " and the alteration of a ship or installation and of a partially constructed ship or installation ".

Short title and extent.

3

(1) This Act may be cited as the Shipbuilding Act 1979.

(2) This Act extends to Northern Ireland.

Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.