The National Health Service Trusts (Originating Capital Debt) Order 1998
S.I. 1998/492 · Made 25 February 1998
NATIONAL HEALTH SERVICE, ENGLAND AND WALES
Made 25th February 1998
Coming into force 16th March 1998
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 1990f1 and of all other powers enabling him in that behalf, with the consent of the Treasuryf2, hereby makes the following Order:
Annotations to the whole text
Footnotes
- f1
- f2
-
See section 9(8) of the National Health Service and Community Care Act 1990.
Contents
- 1Citation, commencement and interpretation
- 2Originating capital debt of NHS trusts
- Signature
- Schedule Schedule
- Explanatory note
1Citation, commencement and interpretation
This Order may be cited as the National Health Service Trusts (Originating Capital Debt) Order 1998 and shall come into force on 16th March 1998.
In this Order “the Schedule” means the Schedule to this Order.
2Originating capital debt of NHS trusts
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.
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
Frank Dobson
Secretary of State for Health
25th February 1998
We consent,
Jim Dowd
Graham Allen
Two of the Lords Commissioners of Her Majesty’s Treasury
25th February 1998
| (1) | (2) | (3) | (4) |
|---|---|---|---|
| NHS Trust | Originating Capital Debt | Initial Loan | Public Dividend Capital |
| £ | £ | £ | |
| Invicta Community Care NHS Trust | 15,903,000 | 3,976,000 | 11,927,000 |
| Isle of Wight Healthcare NHS Trust | 52,923,000 | 13,231,000 | 39,692,000 |
| Pinderfields and Pontefract NHS Trust | 48,425,000 | 12,106,000 | 36,319,000 |
| Wirral and West Cheshire Community NHS Trust | 42,763,000 | 10,691,000 | 32,072,000 |
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 1997. It provides also for the splitting of the originating capital debts into loan and public dividend capital.