# Shipbuilding Act 1985(repealed 5.11.1993 for Act except s. 1 and 1.4.1996 otherwise), Section 2: The loan under the 1967 Act.

Extent: E+W+S+N.I.

(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.
(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.

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Source: https://www.legislation.gov.uk/ukpga/1985/14/section/2 (the official version)
Page: https://openlegislation.uk/shipbuilding-act-1985repealed-5111993-for-act-except-s-1-and-141996-otherwise/section-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.