{
  "url": "https://openlegislation.uk/shipbuilding-act-1985repealed-5111993-for-act-except-s-1-and-141996-otherwise/section-2",
  "json_url": "https://openlegislation.uk/shipbuilding-act-1985repealed-5111993-for-act-except-s-1-and-141996-otherwise/section-2.json",
  "legislation": "ukpga/1985/14",
  "legislation_title": "Shipbuilding Act 1985(repealed 5.11.1993 for Act except s. 1 and 1.4.1996 otherwise)",
  "legislation_url": "https://openlegislation.uk/shipbuilding-act-1985repealed-5111993-for-act-except-s-1-and-141996-otherwise",
  "path": "section/2",
  "kind": "section",
  "number": "2",
  "heading": "The loan under the 1967 Act.",
  "text": "(1) All outstanding liabilities in respect of the loan made by the Shipbuilding Industry Board to Upper Clyde Shipbuilders Limited under section 4 of the Shipbuilding Industry Act 1967 are hereby extinguished.\n(2) The assets of the National Loans Fund shall accordingly be reduced by £2,169,106. 99 in respect of the principal outstanding and £120,671.19 in respect of the interest outstanding.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "1967 c. 40."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1985/14/section/2",
    "retrieved_at": "2026-10-29T10:00:31.991035+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}