The Public Lending Right (Increase of Limit) Order 1993

Made: 15th March 1993

Coming into force: 1st April 1993

Now, therefore, the Secretary of State, in exercise of the powers conferred by the said section 2(3) and now vested in him[^f00002], and with the consent of the Treasury, hereby makes the following Order:—

1

This Order may be cited as the Public Lending Right (Increase of Limit) Order 1993 and shall come into force on 1st April 1993.

2

The limit on the sums to be paid under section 2(2) of the Public Lending Right Act 1979 out of money provided by Parliament into the Central Fund to satisfy the liabilities of any one financial year of the Fund shall, in respect of any financial year beginning after 31st March 1993, be increased to £5 million less the total of any sums paid in that year, out of money so provided, under paragraph 2 of the Schedule to that Act (pay, pension, etc. of Registrar).

Signed

Peter Brooke — Secretary of State for National Heritage — 12th March 1993

Tim Wood — Irvine Patnick — Two of the Lords Commissioners of Her Majesty’s Treasury — 15th March 1993

Explanatory note

(This note is not part of the Order)

Section 2(2) of the Public Lending Right Act 1979 limits the sums which are to be paid into the Central Fund out of money provided by Parliament for the purpose of satisfying liabilities of the Fund in respect of the public lending right in any one financial year. The limit was raised by the Public Lending Right (Increase of Limit) Order 1991 (S.I. 1991/858) in respect of any financial year beginning after 31st March 1991 to £4.75 million less the total of any sums paid in that year out of money provided by Parliament in respect of the pay, pension etc. of the Registrar of Public Lending Right. This Order further increases the figure of £4.75 million to £5 million with effect from the beginning of the 1993/94 financial year.

Footnotes

[^f00001]: 1979 c. 10.

[^f00002]: S.I. 1979/907, 1981/207, 1983/879, 1984/1814, 1986/600, 1992/1311.