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The Public Lending Right (Increase of Limit) Order 1991

S.I. 1991/858 · Made 27 March 1991

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LIBRARIES

Made 27th March 1991

Coming into force 1st April 1991

Whereas a draft of this Order has been laid before the House ofCommons in accordance with section 2(3) of the Public Lending Right Act1979f1 and has been approved by a resolution of that House:

Now, therefore, the Lord President of the Council, in exercise of thepowers conferred by the said section 2(3) and now vested in himf2, and with the consent of the Treasury, hereby makes thefollowing Order:—

Annotations to the whole text

Footnotes

f1

1979 c. 10.

f2

S.I. 1979/907, 1981/207, 1983/879, 1984/1814,1986/600.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Public Lending Right (Increase ofLimit) Order 1991 and shall come into force on 1 April 1991.

2

The limit on the sums to be paid under section 2(2) of the PublicLending Right Act 1979 out of money provided by Parliament into theCentral Fund to satisfy the liabilities of any one financial year of theFund shall, in respect of any financial year beginning after 31st March1991, be increased to £4.75 million less the total of any sumspaid in that year, out of money so provided, under paragraph 2 of theSchedule to that Act (pay, pension, etc of Registrar).

Signature

John MacGregor

Lord President of the Council

27th March 1991

Sydney Chapman

Thomas Sackville

Two of the Lords Commissioners of Her Majesty’s Treasury

27th March 1991

Explanatory note

(This note is not part of the Order)

Section 2(2) of the Public Lending Right Act 1979 limits the sumswhich are to be paid into the Central Fund out of money provided byParliament for the purpose of satisfying liabilities of the Fund inrespect of the public lending right in any one financial year. The limitwas raised by the Public Lending Right (Increase of Limit) Order 1988(S.I. 1988/609) in respect of any financial year beginning after 31stMarch 1988 to £3.5 million less the total of any sums paid inthat year out of moneys provided by Parliament in respect of the pay,pension etc of the Registrar of Public Lending Right. This Order furtherincreases the figure of £3.5 million to £4.75million with effect from the beginning of the 1991/92 financial year.