1990 No. 2064
Banks and Banking
The Deposit Protection Board (Increase of Borrowing Limit) (No. 2) Order 1990
Made
Laid before Parliament
Coming into force
The Treasury, in exercise of the powers conferred upon them by section 64 of the Banking Act 19871 and of all other powers enabling them in that behalf, and after consultation with the Deposit Protection Board, hereby order as follows:
Citation and commencement1
This Order may be cited as the Deposit Protection Board (Increase of Borrowing Limit) (No. 2) Order 1990 and shall come into force on 16th November 1990.
Increase of borrowing limit2
The sum of £50 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 instrument3
The Deposit Protection Board (Increase of Borrowing Limit) Order 19902 is hereby revoked.
Gregory KnightIrvine PatnickTwo of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Order)