# The National Health Service Trusts (Originating Capital Debt) Order 1997

S.I. 1997/652 · made 6 March 1997

This Order determines the amount of the originating capital debt provided for in section 9 of the National Health Service and Community Care Act 1990 of NHS trusts established under that Act with an operational date of 1st April 1996. It provides also for the splitting of the originating capital debts into initial loan and public dividend capital.

Made under: National Health Service and Community Care Act 1990 (Section 9)

## Introductory text

NATIONAL HEALTH SERVICE, ENGLAND AND WALES
Made 6th March 1997
Coming into force 17th March 1997
The Secretary of State for Health, in exercise of powers conferred on him by section 9(1) and (4) of the National Health Service and Community Care Act 1990 and of all other powers enabling him in that behalf, with the consent of the Treasury, hereby makes the following Order:

## 1 Citation, commencement and interpretation

(1) This Order may be cited as the National Health Service Trusts (Originating Capital Debt) Order 1997 and shall come into force on 17th March 1997.
(2) In this Order “the Schedule” means the Schedule to this Order.

## 2 Originating capital debt of NHS trusts

(1) The originating capital debt of an NHS trust specified in column 1 of the Schedule shall be of the amount specified opposite it in column 2 of the Schedule.
(2) Each originating capital debt specified in column 2 of the Schedule shall be divided between an initial loan of an amount specified opposite it in column 3 of the Schedule and public dividend capital of an amount specified opposite it in column 4 of the Schedule.

## Signature

Stephen Dorrell
Secretary of State for Health
We consent, 4th March 1997
Gyles Brandreth
Roger Knapman
Two of the Lords Commissioners of Her Majesty’s Treasury
6th March 1997

## 

(1)
(2)
(3)
(4)
NHS Trust
Originating capital debt
Initial loan
Public dividend capital
£
£
£
Birmingham Heartlands and Solihull (Teaching) NHS Trust
98,085,120
45,003,510
53,081,610
Hartlepool and East Durham NHS Trust
36,921,536
18,219,473
18,702,063
Lincoln and Louth NHS Trust
55,774,442
27,024,730
28,749,712
London Ambulance Service NHS Trust
50,169,048
25,084,524
25,084,524
South Durham NHS Trust
8,682,389
3,797,570
4,884,819
University College London Hospitals NHS Trust
140,766,335
67,282,835
73,483,500
Worcestershire Community Healthcare NHS Trust
38,743,589
18,352,226
20,391,363

## Explanatory note

(This note is not part of the Order)
This Order determines the amount of the originating capital debt provided for in section 9 of the National Health Service and Community Care Act 1990 of NHS trusts established under that Act with an operational date of 1st April 1996. It provides also for the splitting of the originating capital debts into initial loan and public dividend capital.

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Source: https://www.legislation.gov.uk/uksi/1997/652 (the official version)
Page: https://openlegislation.uk/national-health-service-trusts-originating-capital-debt-order-1997
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.