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Article 2

Original text. Later amendments are not shown.

Any liability of Scottish Hydro-Electric plc, being a successor company in Scotland wholly owned by the Crown, in respect of the principalof the relevant loans specified in the Schedule to this Order, comprising—

(a)

loans made from the National Loans Fund the liability to repay which vested in that company by virtue of section 67(4) of the Electricity Act 1989, and

(b)

a loan made to that company by the Secretary of State under section 78 of that Act,

is hereby extinguished.