# The Export and Investment Guarantees (Limit on Foreign Currency Commitments) Order 2000

Draft 2000, ISBN 0110994620

Section 6(1)(b) of the Export and Investment Guarantees Act 1991 limits the amount of the aggregate foreign currency commitments of the Secretary of State under arrangements made pursuant to that Act in relation to exports and insurance to 15,000 million special drawing rights. Section 6(4)(a) of that Act allows that limit to be increased by order by a sum not exceeding 5,000 million special drawing rights on not more than three occasions. The limit has been increased on two previous occasions. First, by the Export and Investment Guarantees (Limit on Foreign Currency Commitments) Order 1995 No. 1998, which increased the limit from 15,000 million special drawing rights to 20,000 million special drawing rights and second, by the Export and Investment Guarantees (Limit on Foreign Currency Commitments) Order 1998 No. 1675 which increased the limit from 20,000 million special drawing rights to 25,000 million special drawing rights. This Order exhausts the statutory power to increase the foreign currency commitment limit by increasing it to 30,000 million special drawing rights.

Made under: Export and Investment Guarantees Act 1991 (Section 6)

## Introductory text

Draft Order laid before the House of Commons under section 15(3) of the Export and Investment Guarantees Act 1991 for approval by resolution of that House.
EXPORT AND INVESTMENT GUARANTEES
Made 2000
Coming into force 2000
The Secretary of State, in exercise of the powers conferred on him by section 6(4)(a) of the Export and Investment Guarantees Act 1991 and of all other powers enabling him in that behalf and with the consent of the Treasury hereby makes the following Order, a draft of which has been laid before and approved by resolution of the House of Commons:

## 1 Citation and commencement

This Order may be cited as the Export and Investment Guarantees (Limit on Foreign Currency Commitments) Order 2000 and shall come into force on the day after the day on which it is made.

## 2 Increase of Foreign Currency Commitment Limit

The limit in section 6(1)(b) of the Export and Investment Guarantees Act 1991 is hereby increased to 30,000 million special drawing rights.

## Signature

Signed by authority of the Secretary of State
Minister for Trade,
Department of Trade and Industry
2000
We consent to the making of this Order
Two of the Lords Commissioners of Her Majesty’s Treasury
2000

## Explanatory note

(This note is not part of the Order)
Section 6(1)(b) of the Export and Investment Guarantees Act 1991 limits the amount of the aggregate foreign currency commitments of the Secretary of State under arrangements made pursuant to that Act in relation to exports and insurance to 15,000 million special drawing rights. Section 6(4)(a) of that Act allows that limit to be increased by order by a sum not exceeding 5,000 million special drawing rights on not more than three occasions. The limit has been increased on two previous occasions. First, by the Export and Investment Guarantees (Limit on Foreign Currency Commitments) Order 1995 No. 1998, which increased the limit from 15,000 million special drawing rights to 20,000 million special drawing rights and second, by the Export and Investment Guarantees (Limit on Foreign Currency Commitments) Order 1998 No. 1675 which increased the limit from 20,000 million special drawing rights to 25,000 million special drawing rights. This Order exhausts the statutory power to increase the foreign currency commitment limit by increasing it to 30,000 million special drawing rights.

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Source: https://www.legislation.gov.uk/ukdsi/2000/0110994620 (the official version)
Page: https://openlegislation.uk/draft-export-and-investment-guarantees-limit-on-foreign-currency-commitments-order-2000
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.