# The Deposit Protection Board (Increase of Borrowing Limit) (No. 2) Order 1990

S.I. 1990/2064 · made 18 October 1990

This Order prescribes a limit of £50 million for the borrowing power of the Deposit Protection Board in place of the limit of £10 million stipulated in section 64(1) of the Banking Act 1987. It also revokes an earlier Order which was defective.

Made under: Banking Act 1987 (repealed) (Section 64)

PDFs: Printed copy https://openlegislation.uk/deposit-protection-board-increase-of-borrowing-limit-no-2-order-1990/pdf/uksi_19902064_en.pdf

## Introductory text

Banks and Banking
Made 18th October 1990
Laid before Parliament 19th October 1990
Coming into force 16th November 1990
The Treasury, in exercise of the powers conferred upon them by section 64 of the Banking Act 1987 and of all other powers enabling them in that behalf, and after consultation with the Deposit Protection Board, hereby order as follows:

## 1 Citation and commencement

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.

## 2 Increase of borrowing limit

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).

## 3 Revocation of earlier instrument

The Deposit Protection Board (Increase of Borrowing Limit) Order 1990 is hereby revoked.

## Signature

Gregory Knight
Irvine Patnick
Two of the Lords Commissioners of Her Majesty’s Treasury
18th October 1990

## Explanatory note

(This note is not part of the Order)
This Order prescribes a limit of £50 million for the borrowing power of the Deposit Protection Board in place of the limit of £10 million stipulated in section 64(1) of the Banking Act 1987. It also revokes an earlier Order which was defective.

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Source: https://www.legislation.gov.uk/uksi/1990/2064 (the official version)
Page: https://openlegislation.uk/deposit-protection-board-increase-of-borrowing-limit-no-2-order-1990
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.