# Commonwealth Development Corporation Act 1995 (repealed 8.12.1999), Section 1: Alteration of limits on borrowing etc.

Extent: E+W+S+N.I.

(1) In section 9A(2) of the Commonwealth Development Corporation Act 1978 (which imposes a limit of £750 million, or such larger sum not exceeding £850 million as may be specified by order, on the total amount outstanding in respect of sums borrowed or guaranteed by the Corporation or any of its subsidiaries)—
(a) for “£750 million” there shall be substituted “ £1,100 million ”; and
(b) for “£850 million” there shall be substituted “ £1,500 million ”.
(2) In subsection (1) of section 10 of that Act (which provides for the making of advances by the Secretary of State to the Corporation up to a certain limit), the words “up to” onwards shall cease to have effect.

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Source: https://www.legislation.gov.uk/ukpga/1995/9/section/1 (the official version)
Page: https://openlegislation.uk/commonwealth-development-corporation-act-1995-repealed-8121999/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.