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Contingencies Fund Act 1970

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Contingencies Fund Act 1970

1970 CHAPTER 56

An Act to make further provision with respect to the Civil Contingencies Fund.

[17th December, 1970]

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

1Fund to be known as Contingencies Fund.

(1)It is hereby declared that the services in relation to which advances can be made out of the Civil Contingencies Fund include navy, army and air services; and accordingly that Fund shall as from the commencement of this Act be known as the Contingencies Fund.

(2)Any reference in any other enactment to the Civil Contingencies Fund shall be construed as a reference to the Contingencies Fund.

2Increase in capital of Fund.

In section 1(3) of the [1955 c. 6 (4 & 5 Eliz. 2.).] Miscellaneous Financial Provisions Act 1955 as amended by section 1 of the [1968 c. 75.] Miscellaneous Financial Provisions Act 1968 (whereby the capital of the said Fund, including the permanent capital, was limited to £125 million or such lower amount as the Treasury may by order direct), for the words " £125 million " there shall be substituted the words " £200 million ".

3Short title and commencement.

(1)This Act may be cited as the Contingencies Fund Act 1970.

(2)This Act shall come into operation at the end of the period of one month beginning with the day on which it is passed.

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