Explanatory note

Section 2(2) of the Public Lending Right Act 1979 limits the sums which are to be paid into the Central Fund out of money provided by Parliament for the purpose of satisfying the liabilities of the Fund in respect of public lending right in any one financial year. The limit was last raised by the Public Lending Right (Increase of Limit) Order 1999 (S.I. 1999/905), in respect of any financial year beginning after 31^st March 1999, to £5.5 million less the total of any sums paid in that year out of money provided by Parliament in respect of the pay, pension, etc. of the Registrar of Public Lending Right. This Order further increases the figure of £5.5 million to £14.252 million for the financial year 2003/2004 and to £8 million for subsequent financial years.