OpenLegislation

The Control of Borrowing (Amendment) Order 1988

S.I. 1988/295 · Made 22 February 1988

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

BORROWING CONTROL

Made 22nd February 1988

Laid before Parliament 24th February 1988

Coming into force 18th March 1988

The Treasury, in exercise of the powers conferred upon them by sections 1 and 3(4) of the Borrowing (Control and Guarantees) Act 1946f1 and of all other powers enabling them in that behalf, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1946 c. 58.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Control of Borrowing (Amendment) Order 1988 and shall come into force on 18th March 1988.

2

The Control of Borrowing Order 1958f1 shall be amended by substituting for the definition of “the scheduled territories” in article 13(1) the following—

  • ““the scheduled territories” means the United Kingdom, the Channel Islands, the Isle of Man, the Republic of Ireland and Gibraltar;”.

Signature

Michael Neubert

Mark Lennox-Boyd

Two of the Lords Commissioners of Her Majesty’s Treasury

22nd February 1988

Explanatory note

(This Note is not part of the Order)

This Order amends the definition of “the scheduled territories” in article 13(1) of the Control of Borrowing Order 1958 by substituting a list of the territories covered by the expression for the definition in the Exchange Control Act 1947 (c. 14; now repealed).