Legalize / United Kingdom / Statutory-Instrument

The Deposit Protection Board (Increase of Borrowing Limit) Order 1991

Type Statutory-Instrument

Publication 1991-07-24

State In force

Department Queen's Printer of Acts of Parliament

Source legislation.gov.uk

PDF Download

articles Not indexed

Reform history JSON API

Made: 24th July 1991

Laid before Parliament: 25th July 1991

Coming into force: 1st August 1991

The Treasury in exercise of the powers conferred upon them by section 64 of the Banking Act 1987[^f00001] and of all other powers enabling them in that behalf, and after consultation with the Deposit Protection Board, hereby order as follows:

Citation and commencement

1

This Order may be cited as the Deposit Protection Board (Increase of Borrowing Limit) Order 1991 and shall come into force on 1st August 1991.

Increase of borrowing limit

2

The sum of £125 million is hereby prescribed for the purposes of section 64(1) of the Banking Act 1987 (borrowing powers of the Deposit Protection Board).

Revocation of earlier instrument

3

The Deposit Protection Board (Increase of Borrowing Limit) (No. 2) Order 1990[^f00002]is hereby revoked.

Signed

Gregory Knight — Sydney Chapman — Two of the Lords Commissioners of Her Majesty’s Treasury. — 24th July 1991

Explanatory note

(This note is not part of the Order)

This Order prescribes a limit of £125 million for the purposes of the borrowing power of the Deposit Protection Board contained in section 64(1) of the Banking Act 1987. The limit replaces the limit of £50 million prescribed by the Deposit Protection Board (Increase of Borrowing Limit) (No. 2) Order 1990, which is revoked.

Footnotes

[^f00001]: 1987 c. 22.

[^f00002]: S.I. 1990/2064.

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.

This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence. legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.