# The New Towns (Suspension of Loan Repayment) Order 1986

S.I. 1986/1436 · made 21 August 1986

This order provides for the suspension of certain loans made by the Secretary of State to the Aycliffe and Peterlee Development Corporation, the former Peterlee Development Corporation, the Cwmbran Development Corporation and the Washington Development Corporation. During the period of suspension no interest will accrue or become payable and no repayments of capital will fall due in relation to the loans described in the Schedules to the order. After the end of the period of suspension, payments of interest and repayments of principal will fall due as if there had been no break in the loan.

PDFs: Printed copy https://openlegislation.uk/new-towns-suspension-of-loan-repayment-order-1986/pdf/uksi_19861436_en.pdf

## Introductory text

NEW TOWNS
Made 21st August 1986
Laid before Parliament 22nd August 1986
Coming into Operation 12th September 1986
The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by section 62B(1) and (3) of the New Towns Act 1981 and of all other powers enabling them in that behalf, and with the consent of the Treasury, hereby make the following order:—

## 1 

(1) This order may be cited as the New Towns (Suspension of Loan Repayment) Order 1986 and shall come into operation on 12th September 1986.
(2) In this order “the relevant loans” means the new town development loans made to the Aycliffe and Peterlee Development Corporation, the former Peterlee Development Corporation, the Cwmbran Development Corporation and the Washington Development Corporation, which are described in Schedules 1 and 2 to this order.

## 2 

The relevant loans are hereby specified as loans the repayment of which to the Secretary of State is to be suspended by virtue of section 62B of the New Towns Act 1981 for the period specified in article 3 of this order.

## 3 

The period of suspension is hereby specified as:—
(a) in relation to the loans described in Schedule 1 to this order, the period beginning with 12th September 1986 and ending with 31st March 1988; and
(b) in relation to the loans described in Schedule 2 to this order, the period beginning with 1st October 1986 and ending with 31st March 1988.

## 4 

The Secretary of State may by directions under this order impose obligations on the Aycliffe and Peterlee Development Corporation, the Cwmbran Development Corporation and the Washington Development Corporation for the purposes of section 62B(3)(c) as regards the achieving of financial objectives, the obtaining of his approval for proposed expenditure and the provision of information about their present or future financial position.

## Signature

Nicholas Ridley
Secretary of State for the Environment
12th August 1986
Nicholas Edwards
Secretary of State for Wales
15th August 1986
We consent,
Donald Thompson
A.G. Hamilton
Two of the Lords Commissioners of Her Majesty's Treasury
21st August 1986

## Schedule 1: LOANS THE REPAYMENT OF WHICH IS TO BE SUSPENDED FROM 12TH SEPTEMBER 1986

## I LOANS TO THE AYCLIFFE AND PETERLEE DEVELOPMENT CORPORATION AND THE FORMER PETERLEE DEVELOPMENT CORPORATION

A
Loans repayable by annual instalments
Ref. No.
Amount of advance £
Interest rate (%)
Amount of annual repayments £
Principal outstanding on 12th September 1986 £
A 1
3,131.99
3.000
135.50
2,159.35
A 2
103,291.64
3.000
4,411.83
72,546.59
A 3
200,397.64
3.000
8,455.11
143,191.93
A 4
324,084.88
3.000
13,513.73
235,316.48
A 5
412,774.33
3.000
17,018.62
304,239.27
A 6
177,501.41
3.750
8,298.96
136,328.55
A 7
170,670.73
4.250
8,637.15
134,361.15
A 8
841,083.81
4.250
42,236.34
670,765.74
A 9
423,190.18
4.250
21,095.01
341,592.46
A 10
477,725.00
4.000
22,874.45
381,158.46
A 11
156,262.90
4.000
7,425.91
126,119.44
A 12
496,334.16
3,750
22,622.04
395,836.72
A 13
194,398.52
4.000
9,238.18
156,898.77
A 14
188,309.64
4.000
8,884.57
153,632.32
A 15
65,932.76
4.250
3,241.82
54,394.69
A 16
99,391.27
4.500
5,087.70
82,872.92
A 17
132,742.71
5.000
7,343.12
112,881.70
A 18
237,765.12
5.250
13,653.76
204,040.52
A 19
424,229.77
5.500
25,157.80
370,421.75
A 20
113,402.25
5.750
6,970.99
99,808.76
A 21
195,999.70
5,500
11,576.03
172,531.33
A 22
369,939.05
5.750
24,309.07
352,113.93
A 23
63,392.98
6.000
4,021.92
56,644.97
A 24
107,396.50
5.750
6,553.92
95,968.34
A 25
330,196.53
5.500
19,427.10
292,864.79
A 26
75,988.41
5.125
4,207.22
67,084.91
A 27
36,088.98
5.250
2,037.05
31,988.78
A 28
90,814.32
5.375
5,224.59
80,811.00
A 29
320,643.48
5.500
18,796.72
286,406.14
A 30
11,280.65
5.500
659.03
10,142.84
A 31
31,418.07
5.625
1,870.12
28,349.91
A 32
25,549.27
5.750
1,549.11
23,133.78
A 33
34,421.70
5,875
2,125.41
31,271.77
A 34
509,352.24
6.000
32,020.69
464,243.75
A 35
57,241.15
6.000
3,588.79
52,471.71
A 36
80,978.51
6.125
5,168.48
74,456.38
A 37
44,516.70
6.500
2,993.42
41,281.03
A 38
71,187.38
6.375
4,705.40
65,832.38
A 39
396,244.78
6.250
25,739.94
365,399.73
A 40
24,693.48
5.625
1,461.03
22,545.02
A 41
418,062.42
5.750
25,202.79
382,922.53
A 42
5,936.56
6.000
371.25
5,471.16
A 43
8,909.46
6.125
567.27
8,234.96
A 44
21,789.44
6.250
1,412.17
20,196.67
A 45
14,842.13
5.375
842.68
13,533.47
A 46
35,673.48
5.750
2,144.92
32,845.44
A 47
452,065.69
5.875
27,691.02
417,487.00
A 48
12,893.33
6.000
804.38
11,941.99
A 49
585,482.76
6.000
36,444.80
544,816.00
A 50
525,959.82
6.000
32,670.38
491,568.29
A 51
1,205,734.13
6.000
74,745.87
1,131,504.22
PL 1
34,684.35
3.000
1,481.45
24,360.45
PL 2
60,804.37
3.000
2,565.44
43,447.04
PL 3
174,173.94
3.000
7,262.72
126,466.98
PL 4
324,698.17
3.000
13,387.26
239,321.79
PL 5
209,037.12
3.750
9,773.39
160,549.34
PL 6
120,338.84
4.250
6,090.00
94,737.14
PL 7
1,078,099.70
4.250
54,138.47
859,786.20
PL 8
578,809.02
4.250
28,852.24
467,205.46
PL 9
448,646.09
4.000
21,482.09
357,957.55
PL 10
58,598.60
4.000
2,784.72
47,294.77
PL 11
453,817.66
3.750
20,684.21
361,928.97
PL 12
186,027.28
4.000
8,840.37
150,142.22
PL 13
256,700.67
4.000
12,111.30
209,429.15
PL 14
106,434.35
4.250
5,233.23
87,808.54
PL 15
94,685.60
4.500
4,845.43
78,926.56
PL 16
356,208.82
5.000
19,704.91
302,912.86
PL 17
318,298.52
5.250
18,278.43
273,150.91
PL 18
589,476.46
5.500
34,957.31
514,709.02
PL 19
93,047.97
5.750
5,719.78
81,894.42
PL 20
67,920.68
5.500
4,011.49
59,788.19
PL 21
327,863.85
5.750
20,078.82
290,839.05
PL 22
147,266.76
6.000
9,343.23
131,590.59
PL 23
264,585.89
5.750
16,146.47
236,431.15
PL 24
57,537.13
5.625
3,448.04
51,225.77
PL 25
478,249.23
5.500
28,137.77
424,178.87
PL 26
223,094.18
5.125
12,351.96
196,954.50
PL 27
141,429.82
5.250
7,983.05
125,361.25
PL 28
412,082.17
5.375
23,707.27
366,690.88
PL 29
384,185.65
5.500
22,521.68
343,163.49
PL 30
145,177.30
5.500
8,481.45
130,534.08
PL 31
104,072.38
5.625
6,194.79
93,908.78
PL 32
22,601.26
5.750
1,370.36
20,464.61
PL 33
85,562.55
5.875
5,283.15
77,732.98
PL 34
501,970.31
6.000
31,556.62
457,515.59
PL 35
29,607.49
6.000
1,856.27
27,140.55
PL 36
73,078.16
6.125
4,664.24
67,192.31
PL 37
43,527.43
6.500
2,926.90
40,363.63
PL 38
89,972.93
6.375
5,947.11
83,204.67
PL 39
516,798.06
6.250
33,571.04
476,568.82
PL 40
22,703.86
5.500
1,318.06
20,659.36
PL 41
57,288.87
5.625
3,389.60
52,304.24
PL 42
553,463.24
5.750
33,365.40
506,942.24
PL 43
29,682.80
6.000
1,856.27
27,355.51
PL 44
60,386.31
6.125
3,844.85
55,814.45
PL 45
39,617.16
6.250
2,567.57
36,721.42
PL 46
249,347.70
5.375
14,156.95
227,363.47
PL 47
55,439.00
5.500
3,209.20
50,720.45
PL 48
177,376.43
5.750
10,665.01
163,314.88
PL 49
580,944.07
5.875
35,585.39
536,507.43
PL 50
1,375,735.39
6.000
85,636.00
1,280,178.94
PL 51
1,596,806.39
6.000
99,186.78
1,492,393.78
PL 52
1,076,976.10
6.000
66,763.90
1,010,673.10
TOTAL
26,969,224.27
1,526,554.60
23,498,460.24
B
Loans repayable by ½ yearly instalments
Ref. No.
Amount of advance £
Interest rate (%)
Amount of ½ annual repayments £
Principal outstanding on 12th September 1986 £
A 59
50,000.00
7.500
1,897.89
48,396.21
A 84
510,000.00
8.000
20,586.03
501,241.02
A 135
215,000.00
12.500
13,446.81
214,755.97
A 136
120,000.00
10.875
6,536.37
119,721.23
A 140
150,000.00
11.125
8,356.36
149,687.65
A142
1,812,000.00
12.375
112,200.90
1,809,825.54
A143
100,000.00
12.375
6,192.10
99,891.36
A144
988,000.00
11.875
58,720.42
986,658.27
A145
200,000.00
12.250
12,259.78
199,770.17
A146
200,000.00
12.625
12,633.15
199,805.70
A147
100,000.00
12.875
6,441.11
99,913.12
A148
200,000.00
13.000
13,006.80
119,835.63
A149
100,000.00
13.125
6,565.70
99,922.26
A150
100,000.00
13,125
6,565.70
99,922.26
A151
100,000.00
13.125
6,565.70
99,922.26
A152
300,000.00
13,375
20,070.99
299,791.71
A153
300,000.00
13.000
19,510.19
299,753.56
A154
100,000.00
13.125
6,565.70
99,922.26
A155
300,000.00
12.875
19,323.33
299,739.34
A156
100,000.00
12.875
6,441.11
99,913.12
A157
100,000.00
12.750
6,378.84
99,908.06
A158
700,000.00
12.875
45,087.78
699,391.64
A159
100,000.00
12.875
6,441.11
99,921.77
A160
500,000.00
12.875
32,205.55
499,608.78
A161
200,000.00
13.000
13,006.80
199,852.04
A162
100,000.00
13.125
6,565.70
99,930.05
A164
200,000.00
13.375
13,380.66
199,875.16
A165
300,000.00
13.375
20,070.99
299,812.72
A166
100,000.00
14.125
7,064.46
99,955.59
A167
100,000.00
14.625
7,314.04
99,964.55
A168
1,000,000.00
12.875
64,411.11
999,217.48
A169
100,000.00
12.875
64,441.11
99,929.89
A170
200,000.00
12.875
12,882.22
199,859.78
A174
50,000.00
13.125
3,282.85
49,968.68
A176
100,000.00
12.750
6,378.84
99,925.75
A177
100,000.00
12.625
6,316.58
99,921.41
A180
305,000.00
12.750
19,455.45
304,773.68
A181
200,000.00
13.000
13,006.80
199,881.92
A183
200,000.00
14.000
14,004.17
199,934.17
A184
200,000.00
14.125
14,128.92
199,937.90
A186
100,000.00
12,750
6,378.84
99,941.39
A187
200,000.00
13.375
13,380.66
199,912.14
A190
100,000.00
13.250
6,628.01
99,959.14
A191
100,000.00
13.125
6,565.70
99,956.70
A192
200,000.00
13.500
13,505.33
199,927.23
A193
300,000.00
13.250
19,884.02
299,877.53
A194
200,000.00
14.125
14,128.92
199,945.66
A197
700,000.00
13.500
47,268.64
699,779.04
A200
200,000.00
15.875
15,876.66
199,982.39
A203
2,000,000.00
11.875
118,867.25
1,999,017.70
A204
200,000.00
10.500
10,522.67
199,844.83
A205
300,000.00
11.875
17,830.09
299,877.51
A206
300,000.00
11.125
16,712.73
299,825.95
A207
600,000.00
11.875
35,660.17
599,755.06
A208
2,150,000.00
11.000
118,441.96
2,148,677.77
A209
638,000.00
11.125
35,542.40
637,700.21
A210
1,100,000.00
10.750
59,235.68
1,099,383.51
A211
1,200,000.00
10.250
61,653.19
1,199,338.51
A212
300,000.00
10.625
15,969.54
299,898.69
A213
300,000.00
10.750
16,155.19
299,904.48
A214
1,300,000.00
10.875
70,810.72
1,299,609.88
A215
300,000.00
10.875
16,340.94
299,941.57
A216
300,000.00
10.375
15,598.59
299,925.95
A217
300,000.00
10.625
15,969.54
299,934.22
A218
1,400,000.00
10.875
76,257.70
1,399,727.38
A219
400,000.00
10,875
21,787.91
399,962.09
A220
638,000.00
10.875
34,751.72
637,939.53
A221
1,500,000.00
9.625
72,444.80
1,500,000.00
A222
1,600,000.00
9.625
77,274.45
1,600,000.00
A223
2,000,000.00
9.125
91,683.69
2,000,000.00
A224
638,000.00
9.125
29,247.10
638,000.00
PL106
20,000.00
14,375
1,437.85
19,980.94
PL107
250,000.00
14,250
17,817.11
249,749.56
PL145
350,000.00
10.875
19,064.43
349,186.60
PL147
1,115,000.00
12,375
69,041.95
1,113,661.90
PL149
890,000.00
11.875
52,895.92
888,791.42
PL150
400,000.00
12.250
24,519.56
399,540.35
PL151
200,000.00
13.375
13,380.66
199,861.15
PL152
200,000.00
13.000
13,006.80
199,835.63
PL153
400,000.00
13.125
26,262.79
399,689.24
PL154
400,000.00
12.750
12,757.67
199,689.24
PL156
150,000.00
12.875
9,661.67
149,882.57
PL157
150,000.00
12.875
9,661.67
149,882.57
PL158
200,000.00
13.125
13,131.39
199,860.25
PL159
200,000.00
13.500
13,505.33
199,881.94
PL160
300,000.00
13.375
20,070.99
299,812.72
PL162
200,000.00
14.625
14,628.07
199,929.23
PL164
750,000.00
12.875
48,308.33
749,474.06
PL165
890,000.00
12.875
57,325.89
889,375.83
PL166
100,000.00
11.875
5,943.36
99,889.78
PL167
100,000.00
12.000
6,005.52
99,895.77
PL168
250,000.00
11.875
14,858.41
249,724.32
PL169
150,000.00
12.375
9,288.15
149,868.10
PL170
150,000.00
13.125
9,848.55
149,906.05
PL171
250,000.00
12.750
15,947.09
249,814.49
PL172
150,000.00
12.750
9,568.26
149,888.62
PL173
300,000.00
12.625
18,949.73
299,764.37
PL174
350,000.00
12.500
21,890.16
349,709.10
PL175
100,000.00
12.750
6,378.84
99,925.75
PL178
450,000.00
12.750
28,704.77
449,702.21
PL179
300,000.00
13.000
19,510.19
299,822.98
PL180
350,000.00
12.875
22,543.89
349,781.25
PL181
350,000.00
13.625
23,852.52
349,844.85
PL182
100,000.00
14.750
7,376.44
99,973.63
PL184
150,000.00
15.000
11,251.92
149,964.67
PL185
560,000.00
15,250
42,706.32
559,882.68
PL187
150,000.00
14.750
11,064.67
149,960.34
PL188
300,000.00
14.000
21,006.26
299,888.04
PL189
420,000.00
14.000
21,408.76
419,843.30
PL190
300,000.00
14,500
21,754.90
299,911.06
PL195
390,000.00
14.875
29,011.54
389,914.54
PL196
300,000.00
14.250
21,380.54
299,912.01
PL197
300,000.00
14.500
21,754.90
299,921.64
PL199
300,000.00
14.000
21,006.26
299,901.21
PL200
300,000.00
14.125
21,193.38
299,906.86
PL201
350,000.00
13.750
24,070.75
349,870.66
PL203
250,000.00
12.750
15,947.09
249,853.56
PL207
200,000.00
14.000
14,004.17
199,942.37
PL208
350,000.00
13.375
23,416.16
349,865.10
PL209
350,000.00
13.625
23,852.52
349,879.90
PL211
350,000.00
13.125
22,979.94
349,848.54
PL212
200,000.00
13.500
13,505.33
199,927.23
PL215
350,000.00
14.250
24,943.96
349,910.23
PL218
200,000.00
14.375
14,378.47
199,958.11
PL221
200,000.00
15.250
15,252.26
199,972.22
PL222
250,000.00
15.125
18,909.25
249,963.20
PL228
400,000.00
15.750
31,503.53
399,962.62
PL229
400,000.00
14.250
28,507.38
399,923.94
PL232
300,000.00
14.375
21,567.71
299,954.65
PL233
300,000.00
13.625
20,445.02
299,935.30
PL234
3,600,000.00
11.875
213,961.04
3,598,231.92
PL235
3,800,000.00
11.000
209,339.28
3,797,663.02
PL236
890,000.00
11.125
49,581.09
889,581.79
PL237
400,000.00
10.250
20,551.06
399,717.15
PL238
400,000.00
10.375
20,798.12
399,733.11
PL239
500,000.00
10.375
25,997.65
499,666.39
PL240
1,700,000.00
10.750
91,546.05
1,699,047.74
PL241
1,850,000.00
10.250
95,048.67
1,848,980.19
PL242
890,000.00
10.250
45,726.12
889,641.38
PL243
300,000.00
10.625
15,969.54
299,898.69
PL244
300,000.00
10.750
16,155.19
299,904.48
PL245
2,000,000.00
10,875
108,939.57
1,999,399.80
PL246
300,000.00
10.875
16,340.94
299,941.57
PL247
300,000.00
10.375
15,598.59
299,925.95
PL248
300,000.00
10.625
15,969.54
299,934.22
PL249
2,170,000.00
10,875
118,199.44
2,169,577.44
PL250
400,000.00
10.875
21,787.91
399,962.09
PL251
890,000.00
10.875
48,478.11
889,915.64
PL252
2,370,000.00
9,625
114,462.78
2,370,000.00
PL253
890,000.00
9.125
40,799.24
890,000.00
TOTAL
74,949,000.00
4,381,301.81
74,901,726.08

## II LOANS TO THE WASHINGTON DEVELOPMENT CORPORATION

A
Loans repayable by annual instalments
Ref. No.
Amount of Advance £
Interest rate (%)
Amount of annual repayments £
Principal outstanding on 12th September 1986 £
WH 1
22,862.65
6.000
1,423.14
21,274.66
WH 2
265,968.32
6.000
16,520.82
248,577.09
WH 3
1,734,740.00
6.000
107,540.00
1,627,942.36
TOTAL
2,023,570.97
125,483.96
1,897,794.11
B
Loans repayable by ½ yearly instalments
Ref. No.
Amount of advance £
Interest rate (%)
Amount of ½ yearly repayments £
Principal outstanding on 12th September 1986 £
WH 4
199,638.70
6.000
6,177.98
188,222.22
WH 5
59,921.84
6.750
2,063.44
57,249.73
WH 6
284,648.65
6.875
9,969.58
272,479.23
WH 8
325,000.00
7,000
11,561.28
311,959.02
WH 9
980,000.00
7.375
36,612.24
945,463.76
WH 10
788,000.00
7.375
29,439.23
761,585.78
WH 11
255,000.00
7.500
9,679.25
246,820.22
WH 12
545,000.00
7.750
21,341.54
528,996.76
WH 13
460,000.00
7.625
17,736.53
445,881.05
WH 14
605,000.00
7.625
23,327.39
587,364.69
WH 15
50,000.00
7.750
1,957.94
48,606.25
WH 17
210,000.00
8.125
8,603.59
204,884.83
WH 21
20,000.00
8.750
880.16
19,633.22
WH 23
190,000.00
9.125
8,709.95
186,966.60
WH 24
140,000.00
9.500
6,675.47
138,056.48
WH 29
215,000.00
9.375
10,119.60
212,052.35
WH 34
145,000.00
8.875
6,469.70
142,601.85
WH 35
160,000.00
8,750
7,041.31
157,227.40
WH 65
275,000.00
7.750
10,768.67
269,489.55
WH 66
190,000.00
7.875
7,554.62
186,368.85
WH 67
170,000.00
8.000
6,862.01
166,901.56
WH 68
225,000.00
7,625
8,675.47
220,273.84
WH 69
108,000.00
7.875
4,294.21
105,935.84
WH 71
100,000.00
7.750
3,915.88
98,110.31
WH 72
310,000.00
8.000
12,513.07
304,676.10
WH 73
200,000.00
8.125
8,193.89
196,726.22
WH 74
130,000.00
8.375
5,483.67
128,067.55
WH 75
120,000.00
8.750
5,280.98
118,457.89
WH 76
140,000.00
9,000
6,332.18
138,368.09
WH 77
60,000.00
8.875
2,677.12
59,265.54
WH 78
95,000.00
9.125
4,354.98
93,945.39
WH 79
1,277,000.00
9.250
59,322.44
1,263.504.60
WH 81
525,000.00
9.250
24,388.63
519,799.67
WH 83
100,000.00
9.375
4,706.79
99,057.39
WH 84
618,000.00
9.500
29,467.42
612,457.05
WH 85
200,000.00
9,750
9,782.34
198,482.71
WH 88
750,000.00
9.875
37,145.60
744,589.28
WH 89
250,000.00
11.125
13,927.27
248,915.28
WH 90
450,000.00
11.375
25,627.31
448,237.68
WH 91
1,508,000.00
11.500
86,815.91
1,502,389.70
WH 96
200,000.00
12.375
12,384.21
199,520.17
WH 97
350,000.00
12,875
22,543.89
349,318.82
WH 98
375,000.00
13.500
25,322.49
374,438.44
WH 99
250,000.00
13.625
17,037.51
249,644.92
WH 111
350,000.00
15,250
26,691.45
349,790.88
WH 112
500,000.00
16.375
40,940.74
499,815.99
WH148
300,000.00
11.125
16,712.73
299,375.14
WH 149
300,000.00
11.125
16,712.73
299,375.14
WH150
300,000.00
11.500
17,271.07
299,470.08
WH 151
200,000.00
12.000
12,011.04
199,716.61
WH 181
7,500,000.00
14.000
525,156.40
7,498,126.65
WH 184
8,000.000.00
15.375
615,084.94
7,998,953.06
WH189
2,000,000.00
10.750
107,701.24
1,998,879.66
WH190
1,000,000.00
10.625
53,231.80
999,537.54
WH191
2,500,000.00
10.250
128,444.15
2,498,621.86
WH192
4,000,000.00
10.875
217,879.14
3,998,799.61
WH193
4,500,000.00
10.875
245,114.04
4,499,123.73
WH194
6,500,000.00
10.625
346,006.71
6,500,000.00
WH195
2,800,000.00
9.625
135,230.29
2,800,000.00
TOTAL
55,358,209.19
3,179,237.04
55,092,779.58

## III LOANS TO THE CWMBRAN DEVELOPMENT CORPORATION

Loans repayable by ½ yearly instalments
Ref. No.
Amount of advance £
Interest rate (%)
Amount of ½ yearly repayments £
Principal outstanding on 12th September 1986 £
17
1,333,000.00
8.750
58,662.93
1,311,198.28
19
70,000.00
9.375
3,294.75
69,096.17
20
200,000.00
9.125
9,168.37
197,160.63
21
65,000.00
9.250
3,019.55
64,171.52
24
1,258,000.00
9.000
56,889.16
1,241,395.06
26
15,000.00
8.875
669.28
14,792.27
27
15,000.00
8.750
660.12
14,782.07
32
507,000.00
9.750
24,798.34
503,153.42
33
50,000.00
11.625
2,909.56
49,836.13
34
80,000.00
11.500
4,605.62
79,723.86
35
1,118,000.00
13.750
76,888.85
1,116,614.72
37
210,000.00
13.875
14,573.41
209,753.24
38
50,000.00
13.750
3,438.68
49,938.05
47
638,000.00
13.250
42,286.69
637,101.65
48
1,328,000.00
13.250
88,019.95
1,326,283.73
54
1,024,000.00
13.875
71,062.70
1,022,988.88
55
950,000.00
13.875
65,927.31
949,142.50
60
500,000.00
13.625
34,075.03
499,496.91
62
2,478,000.00
14.125
175,057.36
2,476,171.45
63
150,000.00
13.500
10,128.99
149,854.48
64
250,000.00
13.750
17,193.39
249,782.58
72
300,000.00
13.500
20,257.99
299,759.09
73
400,000.00
13.500
27,010.65
399,678.79
75
560,000.00
13.375
37,465.85
559,524.68
77
1,050,000.00
12.500
65,670.49
1,048,807.90
79
2,000,000.00
12.375
123,842.06
1,997,599.86
80
1,200,000.00
11.875
71,320.35
1,198,370.37
83
2,100,000.00
12.875
135,263.33
2,098,175.11
85
2,000,000.00
12.875
128,822.22
1,998,434.97
88
2,500,000.00
12.750
159,470.93
2,498,345.87
93
900,000.00
14.875
66,949.72
899,802.61
94
100,000.00
14.875
7,438.86
99,978.07
95
200,000.00
14.000
14,004.17
199,934.17
96
2,850,000.00
14.000
199,559.43
2,849,061.95
98
200,000.00
13.375
13,380.66
199,922.94
99
200,000.00
13.375
13,380.66
199,922.94
102
3,450,000.00
14.000
241,571.94
3,449,138.26
103
1,300,000.00
13.500
87,784.62
1,299,589.66
104
100,000.00
13.500
6,752.66
99,968.44
105
600,000.00
13.500
40,515.98
599,810.61
106
400,000.00
13.625
27,260.02
399,880.91
107
100,000.00
13.625
6,815.01
99,970.23
111
150,000.00
14.875
11,158.29
149,975.16
114
2,800,000.00
13.750
192,565.98
2,799,326.05
115
500,000.00
13.625
34,075.03
499,892.23
116
200,000.00
11.875
11,886.72
199,901.77
117
1,300,000.00
11.375
74,034.46
1,299,328.96
118
900,000.00
10.875
49,022.81
899,524.49
119
500,000.00
11.125
27,854.55
499,765.04
120
1,300,000.00
11.125
72,421.82
1,299,389.10
121
1,700,000.00
10.250
87,342.02
1,699,062.87
122
1,328,000.00
10.250
68,229.53
1,327,464.89
123
2,000,006.00
10.875
108,939.90
1,999,616.55
124
999,994.00
10.625
53,231.48
999,774.72
125
200,000.00
10.625
10,646.36
199,956.14
126
1,500,000.00
9.625
72,444.80
1,500,000.00
127
1,300,000.00
9.125
59,594.39
1,300,000.00
128
1,500,000.00
9.125
68,762.76
1,500,000.00
TOTAL
52,977,000.00
3,260,088.54
52,901,093.00

## Schedule 2: LOANS THE REPAYMENT OF WHICH IS TO BE SUSPENDED FROM 1ST OCTOBER 1986

## I LOANS TO THE AYCLIFFE AND PETERLEE DEVELOPMENT CORPORATION AND THE FORMER PETERLEE DEVELOPMENT CORPORATION

Ref. No.
Amount of advance £
Interest rate (%)
Amount of ½ yearly repayments £
Principal outstanding on 1st October 1986 £
A 86
150,000.00
13.5
10,128.99
149,867.43
A 90
512,000.00
15.25
39,045.78
511,811.41
A 94
40,000.00
16.25
3,250.28
39,991.54
A101
100,000.00
13.875
6,939.72
99,944.56
A102
100,000.00
13.625
6,815,01
99,937.94
A105
200,000.00
13.875
13,879.43
199,900.46
A111
100,000.00
14.0
7,002.09
99,952.97
A112
100,000.00
13.5
6,752.56
99,941.01
A113
200,000.00
13.625
13,630.01
199,888.51
A114
200,000.00
13.625
13,630.01
199,888.51
A124
1,200,000.00
14.75
88,517.32
1,199,642.49
A125
250,000.00
14.75
18,441.11
249,933.99
A126
100,000.00
16.375
8,188.15
99,987.56
A131
638,000.00
13.5
43,081.99
637,735.39
A132
250,000.00
13.625
17,037.51
249,902.14
A137
150,000.00
11.125
8,356.36
149,837.12
A138
200,000.00
11.375
11,389.92
199,806.24
A139
500,000.00
11.5
28,785.12
499,542.52
A141
50,000.00
12.0
3,002.71
49,963.63
A163
250,000.00
13.125
16,414.24
249,919.28
A171
600,000.00
12.875
38,646.66
599,815.71
A172
300,000.00
12.0
18,016.56
299,861.02
A173
300,000.00
12.375
18,576.31
299,883.42
A175
300,000.00
13.125
19,697.09
299,918.10
A178
100,000.00
12.5
6,254.33
99,963.36
A179
300,000.00
12.75
19,136.51
299,902.26
A182
1,200,000.00
14.75
88,517.32
1,199,874.91
A185
500,000.00
13.75
34,386.78
499,932.41
A188
100,000.00
14.0
7,002.09
99,988.00
A189
1,300,000.00
14.0
91,027.11
1,299,844.10
A195
1,500,000.00
14.0
105,031.28
1,499,899.44
A196
800,000.00
14.0
56,016.68
799,946.37
A198
2,000,000.00
15.375
153,771.23
1,999,931.28
A199
300,000.00
15.25
22,878.39
299,992.96
A201
1,800,000.00
13.75
123,792.42
1,799,912.24
A202
638,000.00
13.625
43,479.73
637,984.02
PL 59
1,645,000.00
7.375
61,456.26
1,604,847.11
PL 64
80,000.00
7.75
3,132.70
78,396.98
PL 65
150,000.00
8.0
6,054.71
147,266.11
PL 66
260,000.00
8.125
10,625.06
255,481.51
PL 72
125,000.00
9.625
6,037.07
123,860.50
PL 73
27,000.00
9.375
1,270.83
26,728.35
PL 74
270,000.00
9.375
12,708.33
267,283.53
PL 75
26,000.00
9.375
1,223.77
25,754.91
PL 76
30,000.00
9.125
1,375.26
29,687.76
PL 77
30,000.00
9.25
1,393.64
29,702.83
PL 79
175,000.00
9.25
8,129.54
173,377.38
PL 81
333,000.00
9.25
15,469.36
329,912.39
PL 85
258,000.00
9.125
11,827.20
255,648.64
PL 86
910,000.00
9.0
41,159.18
901,855.31
PL 90
50,000.00
8.75
2,200.41
49,569.86
PL 91
80,000.00
9.0
3,618.39
79,378.76
PL 92
20,000.00
9.125
916.84
19,852.46
PL 94
75,000.00
9.25
3,484.09
74,512.40
PL 95
50,000.00
9.5
2,384.10
49,707.06
PL 98
80,000.00
9.75
3,912.94
79,609.76
PL 99
340,000.00
11.5
19,573.88
339,213.89
PL100
20,000.00
11.625
1,163.82
19,959.85
PL103
188,000.00
13.5
12,695.01
187,833.83
PL112
30,000.00
15.875
2,381.50
29,991.64
PL113
675,000.00
15.25
51,476.37
674,751.36
PL116
30,000.00
16.25
2,437.71
29,993.66
PL117
165,000.00
16.375
13,510.45
164,967.03
PL118
150,000.00
16.75
12,563.31
149,974.70
PL124
120,000.00
14.125
8,477.35
119,946.69
PL126
120,000.00
15.125
9,076.44
119,966.18
PL128
390,000.00
15.125
29,498.43
389,890.10
PL130
90,000.00
13.625
6,133.50
89,949.83
PL131
1,070,000.00
14.125
75,589.74
1,069,524.60
PL135
530,000.00
14.375
38,102.95
529,812.49
PL138
140,000.00
15.875
11,113.66
139,978.03
PL139
100,000.00
15.75
7,875.88
99,983.37
PL140
1,465,000.00
14.375
105,322.30
1,464,540.18
PL142
1,636,000.00
13.375
109,453.80
1,635,281.17
PL143
140,000.00
13.375
9,366.46
139,946.06
PL144
720,000.00
12.5
45,031.19
719,584.01
PL146
100,000.00
11.125
5,570.91
99,891.41
PL148
190,000.00
11.875
11,292.29
189,872.34
PL155
914,000.00
12.875
58,871.75
913,613.82
PL161
150,000.00
13.75
10,316.03
149,963.90
PL163
1,257,000.00
12.875
80,964.76
1,256,543.67
PL176
200,000.00
12.75
12,757.67
199,934.85
PL177
1,401,000.00
12.75
89,367.51
1,400,543.58
PL183
300,000.00
14.75
22,129.33
299,968.73
PL186
200,000.00
15.25
15,252.26
199,983.59
PL191
70,000.00
14.625
5,119.82
69,992.26
PL192
1,569,000.00
14.75
115,736.40
1,568,836.43
PL193
700,000.00
14.75
51,635.11
699,941.44
PL194
636,000.00
14.875
47,311.13
635,949.91
PL198
400,000.00
14.25
28,507.38
399,957.45
PL202
500,000.00
13.5
33,763.31
499,923.82
PL204
300,000.00
13.75
20,632.07
299,959.45
PL205
180,000.00
13.75
12,379.24
179,975.67
PL206
2,207,000.00
14.0
154,536.02
2,206,735.34
PL210
250,000.00
13.25
16,570.02
249,966.79
PL213
250,000.00
13.375
16,725.83
249,968.72
PL214
250,000.00
14.125
17,661.15
249,978.22
PL216
2,627,000.00
14.0
183,944.78
2,626,823.88
PL217
590,000.00
13.5
39,840.71
589,949.62
PL219
250,000.00
14.5
18,129.08
249,986.85
PL220
150,000.00
14.875
11,158.29
149,993.43
PL223
2,900,000.00
15.375
222,968.29
2,899,900.34
PL224
300,000.00
15.375
23,065.69
299,993.38
PL225
75,000.00
15.875
5,953.75
74,998.71
PL226
150,000.00
16.125
12,094.85
149,997.71
PL227
500,000.00
16.0
40,003.90
499,991.89
PL230
3,270,000.00
13.75
224,889.56
3,269,840.58
PL231
890,000.00
13.625
60,653.54
889,977.71
TOTAL
53,847,000.00
3,649,544.66
53,764,522.07

## II LOANS TO THE WASHINGTON DEVELOPMENT CORPORATION

Ref. No.
Amount of Advance £
Interest rate (%)
Amount of ½ yearly repayments £
Principal outstanding on 1st October 1986 £
WH 19
270,000.00
8.5
11,553.27
265,935.23
WH 20
265,000.00
8.75
11,662.17
261,376.85
WH 25
90,000.00
9.625
4,346.69
89,179.56
WH 32
350,000.00
9.25
16,259.09
346,533.09
WH 33
350,000.00
9.125
16,044.65
346,357.21
WH 48
300,000.00
9.375
14,120.37
297,527.78
WH 50
799,000.00
9.125
36,627.63
791,718.11
WH 70
1,007,000.00
7.75
39,432.91
993,104.22
WH 82
300,000.00
9.5
14,304.57
298,242.39
WH 92
300,000.00
11.625
17,457.34
299,397.61
WH 93
100,000.00
11.5
5,757.02
99,788.00
WH 95
300,000.00
12.0
18,016.56
299,488.30
WH113
900,000.00
16.75
75,379.85
899,848.19
WH114
1,000,000.00
17.25
86,254.21
999,865.43
WH125
1,200,000.00
15.0
90,015.32
1,199,642.00
WH126
1,000,000.00
15.125
75,637.01
999,718.19
WH127
200,000.00
13.625
13,630.01
199,888.51
WH130
626,000.00
14.125
44,223.53
625,751.69
WH131
350,000.00
13.625
23,852.52
349,825.54
WH132
400,000.00
14.25
28,507.38
399,850.15
WH133
300,000.00
13.75
20,632.07
299,858.76
WH134
1,000,000.00
14.375
71,892.35
999,646.22
WH136
600,000.00
16.375
49,128.89
599,925.33
WH137
250,000.00
16.25
20,314.22
249,967.03
WH144
4,535,000.00
13.375
303,406.48
4,533,007.39
WH155
300,000.00
12.25
18,389.67
299,830.54
WH156
300,000.00
12.625
18,949.73
299,857.61
WH157
200,000.00
13.0
13,006.80
199,920.27
WH158
200,000.00
13.0
13,006.80
199,920.27
WH159
500,000.00
13.0
32,516.99
499,800.69
WH160
300,000.00
13.125
19,697.09
299,887.18
WH161
250,000.00
12.875
16,102.78
249,894.37
WH163
250,000.00
13.0
16,258.49
249,914.40
WH164
300,000.00
13.125
19,697.09
299,903.14
WH165
500,000.00
13.5
33,763.31
499,864.63
WH167
6,359,000.00
12.75
405,630.25
6,356,928.37
WH170
300,000.00
14.25
21,380.54
299,968.09
WH171
300,000.00
14.25
21,380.54
299,968.09
WH172
200,000.00
14.25
14,253.69
199,978.73
WH173
300,000.00
14.25
21,380.54
299,968.09
WH175
1,000,000.00
13.625
68,150.05
999,889.08
WH176
300,000.00
13.5
20,257.99
299,964.66
WH177
600,000.00
13.5
40,515.98
599,929.32
WH178
600,000.00
13.375
40,141.98
599,924.95
WH179
500,000.00
14.0
35,010.43
499,953.70
WH180
500,000.00
14.125
35,322.31
499,956.41
WH182
700,000.00
13.5
47,268.64
699,940.22
WH183
800,000.00
13.5
54,021.30
799,931.69
WH185
500,000.00
16.125
40,316.17
499,992.36
WH186
7,000,000.00
13.75
481,414.96
6,999,658.74
TOTAL
39,851,000.00
2,656,290.23
39,800,188.38

## III LOANS TO THE CWMBRAN DEVELOPMENT CORPORATION

Ref. No.
Amount of advance £
Interest rate (%)
Amount of ½ yearly repayments £
Principal outstanding on 1st October 1986 £
2
150,000.00
6.750
5,158.59
144,880.39
3
40,000.00
6.875
1,399.24
38,694.63
4
80,000.00
7.000
2,845.85
77,632.91
7
15,000.00
7.500
569.37
14,650.49
8
65,000.00
7.750
2,545.32
63,620.50
9
65,000.00
7.625
2,506.25
63,634.61
10
70,000.00
8.125
2,867.86
68,783.48
11
97,000.00
8.750
4,268.80
95,673.79
13
50,000.00
9.375
2,353.40
49,528.67
14
79,000.00
9.250
3,669.91
78,217.46
15
50,000.00
8.875
2,230.93
49,425.65
16
133,000.00
8.750
5,853.09
131,395.26
18
265,000.00
9.250
12,310,45
262,542.89
22
50,000.00
9.750
2,445.59
49,645.99
23
200,000.00
9.125
9,168.37
198,177.24
25
25,000.00
8.875
1,115.47
24,764.66
28
265,000.00
8.750
11,662.17
262,376.57
29
200,000.00
8.375
8,436.42
197,698.85
30
50,000.00
8.375
2,109.10
49,462.57
49
120,000.00
13.500
8,103.20
119,921.23
50
100,000.00
14.000
7,002.09
99,947.60
53
195,000.00
14.500
14,140.68
194,918.47
57
200,000.00
15.125
15,127.40
199,943.64
58
800,000.00
15.000
60,010.21
799,761.33
59
450,000.00
15.125
34,036.65
449,873.19
71
1,622,000.00
14.375
116,609.40
1,621,490.90
74
1,328,000.00
13.500
89,675.36
1,827,449.21
76
50,000.00
12.500
3,127.17
49,971.11
78
150,000.00
11.500
8,635.54
149,862.76
81
100,000.00
12.250
6,129.89
99,943.51
82
100,000.00
12.625
6,316.58
99,952.54
84
1,100,000.00
13.000
71,537.37
1,099,623.38
86
1,100,000.00
12.875
70,852.22
1,099,662.13
87
250,000.00
13.125
16,414.24
249,931.75
89
1,200,000.00
13.000
78,040.77
1,199,711.99
90
100,000.00
12.875
6,441.11
99,974.53
92
2,400,000.00
14.750
177,034.65
2,399,799.25
97
1,700,000.00
13.375
113,735.61
1,699,787.36
100
500,000.00
14.000
35,010.43
499,953.71
101
650,000.00
14.000
45,513.55
649,956.42
108
400,000.00
13.750
27,509.43
399,969.73
109
100,000.00
14.375
7,189.24
99,994.41
110
500,000.00
14.500
36,258.16
499,973.70
112
3,800,000.00
15.375
292,165.35
3,799,869.42
113
1,100,000.00
15.875
87,321.63
1,099,981.02
TOTAL
22,064,000.00
1,517,454.11
22,032,030.90

## Explanatory note

This order provides for the suspension of certain loans made by the Secretary of State to the Aycliffe and Peterlee Development Corporation, the former Peterlee Development Corporation, the Cwmbran Development Corporation and the Washington Development Corporation. During the period of suspension no interest will accrue or become payable and no repayments of capital will fall due in relation to the loans described in the Schedules to the order. After the end of the period of suspension, payments of interest and repayments of principal will fall due as if there had been no break in the loan.
The period of suspension begins with 12th September 1986 for certain of the loans, and 1st October 1986 for others. Loans in the latter category, which are identified in Schedule 2 to the order, consist of loans the repayment of which has been suspended until 30th September 1986 by the New Towns (Suspension of Loan Repayment) Order 1983 (S.I. 1983/1377). The period of suspension for all the specified loans ends with 31st March 1988.
Liabilities under loans made to the former Peterlee Development Corporation were transferred to the Aycliffe and Peterlee Development Corporation by the Aycliffe and Peterlee New Towns (Transfer of Functions) Order 1985. Copies of the order are obtainable from the Department of Environment Library, 2 Marsham Street, London SW1P 3EB.
Article 4 of this order provides that the Secretary of State may issue directions to the three existing development corporations referred to in the order concerning their financial affairs.
The total amount of loans suspended is £328,039,004,43. No other loans have been specified by order under section 62B(1) of the New Towns Act 1981, and none of the liabilities of the relevant corporations has been extinguished by order under section 62A of that Act (which was inserted by section 8(1) of the New Towns and Urban Development Corporations Act 1985).

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Source: https://www.legislation.gov.uk/uksi/1986/1436 (the official version)
Page: https://openlegislation.uk/new-towns-suspension-of-loan-repayment-order-1986
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.