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National Loans Act 1968
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- 1968 c. 13
- SCHEDULE 1
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Section 2.
SCHEDULE 1Government Lending and Advances
| Section | Subject matter | Amendment |
|---|---|---|
| Tithe Act 1936 | ||
| (1936 c. 43) | ||
| 26(1) | Temporary advances to meet deficiencies in Redemption Annuities Account | For "Consolidated Fund" read " National Loans Fund ". |
| 26(3) | Repayment of advances with interest at rate fixed by Treasury | Repayment of all advances, past or future, is to be made into the National Loans Fund. |
| Rate of interest to be fixed in accordance with this Act. | ||
| 28(1) | Winding-up of financial arrangements | The second reference to the Consolidated Fund shall include a reference to the National Loans Fund. |
| Coal Industry Nationalisation Act 1946 | ||
| (1946 c. 59) | ||
| 28(1)(b) | Interest on loans to National Coal Board at rate directed by the Minister with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 28(2) | Interest on loans to National Coal Board to be paid into Exchequer | Sums received under section 28(1)(b) shall be paid into the National Loans Fund, and not into the Exchequer. |
| 34(1) | Loans to National Coal Board | For " Consolidated Fund " read " National Loans Fund ". |
| New Towns Act 1946 | ||
| (1946 c. 68) | ||
| 12(1) | Advances to development corporations in Scotland on terms approved by Treasury | Rate of interest to be fixed in accordance with this Act. |
| 12(3) | Advances to development corporations | For " Consolidated Fund " read " National Loans Fund ". |
| 12(5), 13(4) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund." |
| Gas Act 1948 | ||
| (1948 c. 67) | ||
| In section 42(2)(aa) as amended by the Electricity and Gas Act 1963 (which defines " Exchequer advances ") and throughout the rest of the Act for " Exchequer advances " read " Government advances ". | ||
| Armed Forces (Housing Loans) Act 1949 | ||
| (1949 c. 77) | ||
| 1(3)(a)(c) | Repayment out of Votes into Exchequer | For " Exchequer" read " National Loans Fund." |
| Miscellaneous Financial Provisions Act 1950 | ||
| (1950 c. 21) | ||
| 2(1) | Loans to Northern Ireland Government | For " Consolidated Fund of the United Kingdom " read " National Loans Fund ". |
| 2(3) | Repayment into Exchequer | For references to the Exchequer substitute references to the National Loans Fund. |
| Rate of interest to be fixed in accordance with this Act. | ||
| Housing (Scotland) Act 1950 | ||
| (1950 c. 34) | ||
| 94(1) | Advances to Scottish Special Housing Association on terms approved by Treasury | Rate of interest to be fixed in accordance with this Act. |
| 94(2) | Issue of advances out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 94(4) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Sugar Act 1956 | ||
| (1956 c. 48) | ||
| 5(2) | Advances to Sugar Board... | For " Consolidated Fund " read " National Loans Fund ". |
| 5(4)(a) | Interest on advances at rate directed by the Minister with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 5(5) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund". |
| Finance Act 1956 | ||
| (1956 c. 54) | ||
| 42(6) | Repayment of advances to nationalised industries | For " Exchequer" read " National Loans Fund". |
| Electricity Act 1957 | ||
| (1957 c. 48) | ||
| In section 15(7) (defining " Exchequer advances ") and throughout the rest of the Act, for " Exchequer advances " substitute " Government advances ". | ||
| Housing (Financial Provisions) Act 1958 | ||
| (1958 c. 42) | ||
| 17(3) | Advances to housing associations | For " Consolidated Fund of the United Kingdom " read " National Loans Fund ". |
| 17(7)(8) | Repayment into Exchequer | The advances shall bear interest at a rate fixed by the Treasury in accordance with this Act. |
| For " Exchequer" read " National Loans Fund". | ||
| Armed Forces (Housing Loans) Act 1958 | ||
| (1958 c. 1—7 & 8 Eliz. 2.) | ||
| 2 | Method of repayment into Exchequer of issues under Armed Forces (Housing Loans) Act 1949 | For " Exchequer" read " National Loans Fund " throughout. |
| In subsection (2) of the said section 2 for the words from " be applied" to the end of the subsection substitute " be treated as a payment in satisfaction of an amount of principal ". | ||
| House Purchase and Housing Act 1959 | ||
| (1959 c. 33) | ||
| 2(5) | Advances to building societies | For " Consolidated Fund " read " National Loans Fund ". |
| 2(6) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund". |
| Post Office Act 1961 | ||
| (1961 c. 15) | ||
| 9(1) | Advances to Postmaster General | For " Consolidated Fund " read " National Loans Fund". |
| 9(2) | Interest at rate directed by Treasury | Rate of interest to be fixed in accordance with this Act. |
| 9(4) | Repayment into Exchequer | For " Exchequer of the United Kingdom " read " National Loans Fund ". |
| 13(2) | Initial capital liability of Post Office Fund to Exchequer | For " that Exchequer " in both places read " the National Loans Fund ". |
| Co vent Garden Market Act 1961 | ||
| (1961 c. 49) | ||
| 40(1) | Advances to Covent Garden Market Authority | For " Consolidated Fund of the United Kingdom " read " National Loans Fund ". |
| 40(4) | Interest at rate directed by the Minister with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 40(6) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Housing Act 1961 | ||
| (1961 c. 65) | ||
| 7(5) | Advances to housing associations | For " Consolidated Fund " read " National Loans Fund ". |
| 7(6) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Housing (Scotland) Act 1962 | ||
| (1962 c. 28) | ||
| 11(5) | Advances to housing associations, and, through section 18(3), to Scottish Special Housing Association | For " Consolidated Fund " read " National Loans Fund ". |
| 11(6) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Transport Act 1962 | ||
| (1962 c. 46) | ||
| 20(2) | Loans to Transport Boards bearing interest at rate directed by the Minister with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 20(3) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 20(5)(6) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| 39(8) | Payments into Exchequer in respect of commencing capital debt | For " Exchequer" read " National Loans Fund ". |
| Electricity and Gas Act 1963 | ||
| (1963 c. 59) | ||
| 2(3) | Advances to Electricity and Gas Authorities bearing interest at rate directed by the Minister or Secretary of State with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 2(4) | Issue of advances out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 2(6)(7) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Schedule 1 | Consequential amendments | For " Exchequer advances " read " Government advances " throughout. |
| Shipbuilding Credit Act 1964 | ||
| (1964 c. 7) | ||
| 1(5) | Loans for construction or alteration of ships bearing interest at rate directed by Treasury | Rate of interest to be fixed in accordance with this Act. |
| 2(1) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 2(3) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Harbours Act 1964 | ||
| (1964 c. 40) | ||
| 6(1)(b) | Loans to National Ports Council | For " Consolidated Fund " read " National Loans Fund ". |
| 11(1) | Loans for execution of harbour works etc. | For " Consolidated Fund " read " National Loans Fund ". |
| 43(1) | Loans under ss. 6 and 11 to bear interest at rate directed by the Minister with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 43(2) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 43(4)(5) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Housing Act 1964 | ||
| (1964 c. 56) | ||
| 9(1) | Advances to Housing Corporation bearing interest at rate directed by the Minister or Secretary of State with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 9(3) | Issue of advances out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 9(5), 10(4) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Armed Forces (Housing Loans) Act 1965 | ||
| (1965 c. 9) | ||
| Part II of Schedule | Section 1 of Armed Forces (Housing Loans) Act 1949 set out as amended | In section 1(3)(a)(c) for "Exchequer" read "National Loans Fund". |
| Airports Authority Act 1965 | ||
| (1965 c. 16) | ||
| 4(5) | Payment into Exchequer in respect of commencing capital debt | For " Exchequer" read " National Loans Fund ". |
| 6(2) | Loans to Airport Authority bearing interest at rate directed by the Minister with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 6(3) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 6(5) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| 8(3) | Accounts | After " Exchequer " insert " or the National Loans Fund ". |
| New Towns Act 1965 | ||
| (1965 c. 59) | ||
| 42(1)(4)(5) | Loans to development corporations and the Commission for the New Towns on terms approved by Treasury | Rate of interest to be fixed in accordance with this Act. |
| 44(1) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 44(3) | Repayment into Exchequer | For " Exchequer" read "National Loans Fund". |
| 45 | Payment of surplus funds of Commission into Exchequer | Any sum treated under subsection (2) of the section as a repayment of a loan shall be paid by the Minister into the National Loans Fund, instead of being paid into the Consolidated Fund as required by subsection (1) of the section. |
| 46(5) | Accounts | In paragraph (a) for the first " Exchequer " read " National Loans Fund " and in paragraph (b) for "Exchequer" read " National Loans Fund ". |
| Redundancy Payments Act 1965 | ||
| (1965 c. 62) | ||
| 35(1), 55(3) | Advances for purposes of Redundancy Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 35(4) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Rate of interest to be fixed in accordance with this Act. | ||
| Military Aircraft (Loans) Act 1966 | ||
| (1966 c. 15) | ||
| 1(1) | Issues for purchase of military aircraft etc. | For " Consolidated Fund " read " National Loans Fund ". |
| 2(1) | Repayment out of Votes into Exchequer | For " Exchequer" read " National Loans Fund". |
| Docks and Harbours Act 1966 | ||
| (1966 c. 28) | ||
| 41(9)(10) | Payment into Exchequer of amounts in respect of debt assumed under a harbour revision order or harbour reorganisation scheme | For " Exchequer" read "National Loans Fund". |
| Industrial Reorganisation Corporation Act 1966 | ||
| (1966 c. 50) | ||
| 4(2) | Loans to Industrial Reorganisation Corporation bearing interest at rate directed by Secretary of State with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 4(3) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 4(5) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund." |
| 8(3) | Annual account of loans ... | After " Exchequer " insert " or National Loans Fund ". |
| Tees and Hartlepools Port Authority Act 1966 | ||
| (1966 c. xxv) | ||
| 32(6)(7) | Payment into Exchequer of amounts in respect of transferred loans | For " Exchequer" read "National Loans Fund". |
| Land Commission Act 1967 | ||
| (1967 c. 1) | ||
| 3(1) | Government loans to Land Commission | For " Consolidated Fund " read " National Loans Fund ". |
| 3(4) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund". |
| Rate of interest to be fixed in accordance with this Act. | ||
| Iron and Steel Act 1967 | ||
| (1967 c. 17) | ||
| 18(3) | Repayment into Exchequer of commencing capital debt of British Steel Corporation | For " Exchequer" read " National Loans Fund." |
| 20(2) | Loans to Corporation bearing interest at rate directed by the Minister with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 20(3) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 20(5) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Air Corporations Act 1967 | ||
| (1967 c. 33) | ||
| 8(2) | Loans to air corporations bearing interest at rate directed by Board of Trade with approval of Treasury | Rate of interest to be fixed in accordance with this Act. |
| 8(3) | Issue of loans out of Consolidated Fund | For " Consolidated Fund " read " National Loans Fund ". |
| 8(5)(6) | Repayment into Exchequer | For " Exchequer" read " National Loans Fund ". |
| Shipbuilding Industry Act 1967 | ||
| (1967 c. 40) | ||
| 4(6) | Loans in connection with grouping schemes bearing interest at rate approved by the Minister and Treasury | Rate of interest to be fixed in accordance with this Act. |
| 10(1) | Issue out of Consolidated Fund of sums to be used for loans | For " Consolidated Fund " read " National Loans Fund ". |
| 10(5) | Repayment into Exchequer | Sums received under section 10(4)(a) (repayment of loans and interest) shall be paid into National Loans Fund and not into Exchequer. |
| 10(7) | Indebtedness discharged by issue of shares | For " Exchequer" read "National Loans Fund". |
| 10(8)(a) | Annual account | After " Exchequer " insert " or the National Loans Fund ". |
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