LegalizeThe National Health Service Trusts (Originating Capital Debt) Order 1998
Made: 25th February 1998
Coming into force: 16th March 1998
The Secretary of State for Health, in exercise of powers conferred on him by section 9(1) and (4) of the National Health Service and Community Care Act 19901 and of all other powers enabling him in that behalf, with the consent of the Treasury2, hereby makes the following Order:
Citation, commencement and interpretation
1
- (1) This Order may be cited as the National Health Service Trusts (Originating Capital Debt) Order 1998 and shall come into force on 16th March 1998.
- (2) In this Order “the Schedule” means the Schedule to this Order.
Originating capital debt of NHS trusts
2
- (1) The originating capital debt of an NHS trust specified in column 1 of the Schedule shall be of the amount specified opposite it in column 2 of the Schedule.
- (2) Each originating capital debt specified in column 2 of the Schedule shall be divided between an initial loan of an amount specified opposite it in column 3 of the Schedule and public dividend capital of an amount specified opposite it in column 4 of the Schedule.
SCHEDULE
| (1) | (2) | (3) | (4) |
|---|---|---|---|
| NHS Trust | Originating Capital Debt | Initial Loan | Public Dividend Capital |
| £ | £ | £ | |
| Invicta Community Care NHS Trust | 15,903,000 | 3,976,000 | 11,927,000 |
| Isle of Wight Healthcare NHS Trust | 52,923,000 | 13,231,000 | 39,692,000 |
| Pinderfields and Pontefract NHS Trust | 48,425,000 | 12,106,000 | 36,319,000 |
| Wirral and West Cheshire Community NHS Trust | 42,763,000 | 10,691,000 | 32,072,000 |
Signed
Frank Dobson — Secretary of State for Health — 25th February 1998
We consent,
Jim Dowd — Graham Allen — Two of the Lords Commissioners of Her Majesty’s Treasury — 25th February 1998
Explanatory note
(This note is not part of the Order)
This Order determines the amount of the originating capital debt provided for in section 9 of the National Health Service and Community Care Act 1990 of NHS trusts established under that Act with an operational date of 1st April 1997. It provides also for the splitting of the originating capital debts into loan and public dividend capital.
Footnotes
See section 9(8) of the National Health Service and Community Care Act 1990.
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